Mass Solar Loan

Umassfive in partnership with the massachusetts department of energy resources doer and the massachusetts clean energy center masscec is proud to support the mass solar loan program the program provides low interest loans to qualified homeowners for the purchase and installation of solar electric systems.

Mass solar loan.

Learn about solar electricity. The genesis of this program came out of the department of energy resources explained andrew belden director of solar programs at masscec. 1 apr annual percentage rate apr. Minimum loan amount 3 000 00.

The mass solar loan program includes three incentives to help massachusetts residents go solar. The massachusetts department of energy resources doer and the massachusetts clean energy center masscec have launched the mass solar loan program for massachusetts residents interested in directly owning their solar electric projects. Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program. Receive a price quote from a pre qualified mass solar loan installer downloadable list.

Solar electricity can provide you with lower cost electricity. Up to 12 months interest only payments during construction period. Learn about how solar energy works and available incentive programs in massachusetts many people have the misconception that solar pv systems do not work in massachusetts due to new england s diverse weather conditions. The mass save heat loan offers interest free financing opportunities up to 25 000 for energy efficient home upgrades like heating and water heating equipment central a c and heat pumps insulation and more.

Visit mass solar loan s website for faq s and guides to get you going. Your interest only monthly payments based on a loan amount of 10 000 at an interest rate of 6 000 6 189. Maximum loan amount 35 000 00. To get started call mass save at 866 527 save to schedule a home energy assessment.

Follow the steps below to get started. For loans closing on or after september 13th 2019 program incentives are focused on low income qualified customers who fall within the income based threshold indicated below.