​FINANCING and $0 down solar options

There are low- and no-money down options for most homeowners through SunBug's partnerships with banks that finance renewable energy projects. The MassCEC offers an excellent Solar Loan program, supporting low-interest, fixed-rate solar loans through local participating banks. In addition to this loan program, individual banks offer their own solar loans. One of these is the MySolar Loan offered through the UMass Five Federal Credit Union. 

Mass Solar Loan is a state-sponsored program offering excellent rates and income-based loan support options:
  • Loans up to $60,000

  • Lowered interest rates with a 1.5% interest rate buy-down for qualified participants

  • Additional principal buy-down for qualified Moderate Income households

  • No closing costs 

  • Standard 10-year repayment term

  • Up to 12 months of interest-only payments during construction 

  • Ability to re-amortize within the first 18 months at no cost

If you choose to finance your system through the Mass Solar Loan, your SunBug sales representative can help you find quality local lenders through the program.

For solar hot water systems, 0% interest financing is available through the MassSave HEAT loan program. The loan has a 7-year term and covers 100% of the system cost minus the MassCEC rebate.

To get started with a free evaluation and proposal, email neighborhoodsolar@sunbugsolar.com.