Naveo Credit Union
Naveo is proud to offer the Solar Loan to borrowers looking to finance their solar loan projects.
Naveo has partnered with The Massachusetts Department of Energy Resource and the Massachusetts Clean Energy Center to offer a low-interest Solar Loan program to qualified homeowners for the purchase and installation of solar electric projects.
Solar Loan Summary:
- Low interest rate
- Borrow $5,000 to $60,000
- Terms up to 20 years
- Up to 12 months of interest-only payments during construction, followed
by standard repayment term of 3 to 20 years.
- For loans up to $20,000, Naveo will file a lien for equipment under the -
Uniform Commercial Code (UCC-1) within the county the property is
- For loans above $20,000 or for more than 10 years, Naveo will file a