Massachusetts Solar Loan Program Now Open

The Massachusetts Department of Energy Resources (DOER) and the Massachusetts Clean Energy Center (MassCEC) are today announced the launch of the long-awaited Mass Solar Loan program.  This program replaces the previous solar rebate program administered by MassCEC.

According to the announcement:

Mass Solar Loan provides new financing options for Massachusetts residents and homeowners to directly own solar installations. The $30 million program provides funds to banks and credit unions to create residential solar electric project loans that give more individuals the option to own solar. Mass Solar Loan also enables lenders to provide low interest rate loans and make loans available to moderate income and lower credit score borrowers.

Homeowners interested in the Mass Solar Loan program can visit www.masssolarloan.com to find a list of qualified program installers and lenders.

Solar installers must qualify to participate in the program and should email solarloan@masscec.com for more information. Interested installers can register on the Mass Solar Loan application portal: https://masssolarloan.anbetrack.com/solarloanportal/. Visit www.masssolarloan.com for a walk-through of the registration process and a webinar on how to enter technical applications in the application portal.

Banks and credit unions must qualify to participate in the program and should email solarloan@masscec.com for more information and for training on the Mass Solar Loan application portal. 

To learn more, please visit the Mass Solar Loan website and read the final program documents. Further information on the prior program development and design can be found on the DOER website.