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.
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 all participants
Additional principal buy-down for qualified Moderate Income households
No closing costs
Standard 10-year repayment term to match SREC incentive 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 covers 100% of the cost and has a 7-year term.