Financing available for primary residences located in massachusetts only.
Mass solar loan calculator.
The dashboard provides information about solar costs and loan interest rates under the mass solar loan program.
All loans subject to credit approval and meeting mass solar loan program guidelines.
Mass solar loan is a 30 million program administered in partnership between the massachusetts department of energy resources doer and the massachusetts clean energy center masscec.
Participation in the mass solar loan program is an opportunity for lenders to become a part of the growing massachusetts residential solar market.
Trust review and recording fees ranging from 150 00 375 00.
The gross loan interest rate market rate under the mass solar loan program is capped at wsj prime 2 75 making the cap 6 0 as of march 16 2020.
Learn about solar electricity.
Solar electricity can provide you with lower cost electricity.
Mass solar loan connects homeowners interested in solar electricity to solar installers and lenders that have available financing options.
While some rates have changed for property owners the mass solar loan program is still a beneficial program helping massachusetts residents go solar.
Recent updates to the mass solar loan program have changed interest rates.
All loans subject to meeting mass solar loan program guidelines.
While terms may vary participating lenders are required to offer fixed rate 10 year loans between 3 000 and 35 000.
Solar tax credits and programs mass solar loan program.
You can check out current program metrics here to get an in depth look at the numbers.
This new innovative state level incentive allows residential homeowners to own a solar pv system by making fixed low interest loan payments.
Receive a price quote from a pre qualified mass solar loan installer downloadable list.
Changes to the mass solar loan program.
Residents interested in solar can use the below dashboard to explore this information and better understand the economics of installing solar on their homes.
A 85 00 ucc 1 filing fee will apply.
Follow the steps below to get started.
The mass solar loan program tracks information on things like solar system cost size and equipment.
Low income customers who are eligible for the interest rate buy down will now see a maximum customer interest rate of 4 5.
Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program.
One time right to re amortize balance during the first 18 months from the date of project completion.
