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.

To get started call mass save at 866 527 save to schedule a home energy assessment. The mass solar loan program was developed to further encourage the adoption of solar panels in ma and support the commonwealth s solar industry in a way that maximizes the benefit to the local economy. Follow the steps below to get started. 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.

From the attic to basement we re here to help you with your home energy upgrades. 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. Up to 12 months interest only payments during construction period. Maximum loan amount 35 000 00.

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. Your interest only monthly payments based on a loan amount of 10 000 at an interest rate of 6 000 6 189. The genesis of this program came out of the department of energy resources explained andrew belden director of solar programs at masscec. Solar electricity can provide you with lower cost electricity.

The mass solar loan program includes three incentives to help massachusetts residents go solar. Minimum loan amount 3 000 00. However the experts agree that massachusetts is an excellent location for. 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. 1 apr annual percentage rate apr.