Mass Solar Loan Banks

Changes to the mass solar loan program.

Mass solar loan banks.

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. 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. However the experts agree that massachusetts is an excellent location for. 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.

Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program. Learn about solar electricity. From the attic to basement we re here to help you with your home energy upgrades. All loans subject to credit approval and meeting mass solar loan program guidelines.

Financing available for primary residences located in massachusetts only. Financing available on primary residences located in massachusetts only. Income qualified residents may be eligible to have the mass solar program pay a portion of their loan principal once the project is complete. To get started call mass save at 866 527 save to schedule a home energy assessment.

Both options reduce your monthly electricity bills and your impact on the environment but the terms and conditions of each type of agreement are different. Follow the steps below to get started. One time right to re amortize balance during the first 18 months from the date of project completion. Low interest fixed rate with a low interest fixed rate loan there is no better time to install solar energy panels at your home.

You can check out current program metrics here to get an in depth look at the numbers. Solar loans and solar leases each have advantages and disadvantages. Receive a price quote from a pre qualified mass solar loan installer downloadable list. Homes must have had a residential energy audit within the past five years or have one scheduled at the time of loan closing.

Compare solar loans and solar leases on energysage to determine which one is right for you. While some rates have changed for property owners the mass solar loan program is still a beneficial program helping massachusetts residents go solar. Trust review and recording fees ranging from 150 00 375 00.