Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

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Mass Solar Loan

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.

No Closing Costs

With no origination fees, you'll enjoy extra savings at the start of the loan.

Simplified Closing Process

We make closing on your loan quick and easy. Applying is easy, too. For most loans, the entire process can be performed from the comfort of your home or office.

Mass Solar Loan Rates

Occupancy Status Annual Percentage Rate Max Term Limits
Owner Occupied 5.00% 120 Months $60,000
1-4 Family Investment Property 5.50% 120 Months $49,999
Non-Owner-Occupied or Community Shared Solar Project 5.50% 120 Months $60,000

~ Mass Solar Loans cannot be obtained without a Technical Confirmation from the CEC and Credit Union membership established. However, we will provide pre-approvals without these items.

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For questions or assistance, contact a friendly UMassFive representative today!