Mass Solar Loan Income Based Loan Support

Mass solar loan program available to massachusetts residents 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.

Mass solar loan income based loan support. 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. For qualifying customers the mass solar loan program offers an additional incentive applied directly to the loan principal. The mass solar loan program is nearing full utilization of the initial program funding tracked here. Select an installer and sign a solar installation contract.

Work with your installer to complete your mass solar loan technical application online. The genesis of this program came out of the department of energy resources explained andrew belden director of solar programs at masscec. This is paid directly to the lender as a portion of the loan principal when the project is complete. With your installer s help you must complete a mass solar loan technical application at the mass solar loan portal indicating your intent to apply for income based loan support before you can apply for income verification.

The mass solar loan program was developed to further encourage the adoption of solar panels in ma and support the commonwealth s solar industry in a way that maximizes the benefit to the local economy. If you have already completed an application on the mass solar loan portal please use the link provided in the email sent from the portal to begin your income.