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