Mass Solar Loan provides new financing options for Massachusetts residents and homeowners to directly own solar installations. Mass Solar Loan enables lenders to provide low interest rate loans and make loans available to moderate income and lower credit score borrowers.
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). Mass Solar Loan connects homeowners interested in solar electricity to solar installers and lenders that have available financing options. Through the program, lenders offer low-interest loans for Massachusetts residents and property owners, including renters and those with moderate incomes or low credit scores.