Mass Solar Loan Program

Additional benefits of solar power in massachusetts. This new innovative state level incentive allows residential homeowners to own a solar pv system by making fixed low interest loan payments. As of april 2017 the program has funded nearly 2 300 solar projects in massachusetts at a median interest rate of 2 99.

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Mass solar loan program.

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. Solar electricity can provide you with lower cost electricity. The mass solar loan program is nearing full utilization of the initial program funding tracked here. The mass solar loan program includes three incentives to help massachusetts residents go solar.

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. 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. Solar tax credits and programs mass solar loan program.

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. From the attic to basement we re here to help you with your home energy upgrades. Learn about solar electricity. Find up to date data on the program performance dashboard.

Receive a price quote from a pre qualified mass solar loan installer downloadable list. Use the mass solar loan consumer dashboard to learn about solar costs and loan interest rates under the mass solar loan program. The mass solar loan program also has a data dashboard that tracks the program s performance since its start. 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.

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. The mass solar loan program launched by the massachusetts clean energy center and the massachusetts department of energy resources in 2015 combines strategic incentives and partnerships with local banks and credit unions to increase access to solar pv financing while creating a robust solar lending market. To get started call mass save at 866 527 save to schedule a home energy assessment.