Masscec Solar Loan Program

Mass solar loan connects homeowners interested in solar electricity to solar installers and lenders that have available financing options.

Masscec solar loan program.

To get started call mass save at 866 527 save to schedule a home energy assessment. Solar access is a program designed to help middle income homeowners access affordable renewable energy. Mass solar loan a state run program connecting homeowners with low interest loans for solar electric systems and additional incentives for income qualified customers. While terms may vary participating lenders are required to offer fixed rate 10 year loans between 3 000 and 35 000.

In order to meet the overall goals of the program masscec has announced an upcoming transition that steps down loan support while providing 10 million in additional funding for future program activities that focus on income qualified customers. Mass solar loan program available to massachusetts residents 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. 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. 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.

Prepare internal processes to receive loan applications. 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. The mass solar loan program includes three incentives to help massachusetts residents go solar. The non profit center for ecotechnology guides homeowners through the installation of solar panels by sunbug solar and the installation of heat pumps by girard heating and air conditioning with financing provided by umass five college credit.

Solarize mass a group buying program providing discounts for residents in participating communities. The mass solar loan program is nearing full utilization of the initial program funding tracked here. Masscec will provide you with a personal training of the program process and a login and password for the mass solar loan portal the central location where lenders can reserve program loan support. Mass solar loan launched as a 30 million program administered in partnership between the massachusetts department of energy resources doer and the massachusetts clean energy center masscec.