There are a variety of financing options available with the help of New England Solar Programs.
As we move into 2023, many homeowners in Massachusetts are considering switching to solar power to reduce their energy costs and environmental impact. However, the upfront cost of solar panel installation can be a significant barrier for many homeowners. Fortunately, there are a variety of financing options available with the help of New England Solar Programs. In this post, we’ll explore Massachusetts solar panel financing in 2023 with New England Solar Programs.
Mass Solar Loan Program: The Mass Solar Loan Program offers low-interest loans to help finance solar panel installation. The program is designed to make solar power more accessible and affordable for homeowners in Massachusetts. The loans can be used to cover the full cost of the system, and the repayment terms can range from 5 to 20 years.
Home Equity Loans: Homeowners may also consider using a home equity loan to finance their solar panel installation. These loans allow homeowners to borrow against the equity in their home and typically offer lower interest rates than other forms of financing.
Power Purchase Agreements: Power Purchase Agreements (PPAs) allow homeowners to lease their solar panel system from a third party. The homeowner pays a fixed monthly fee for the energy produced by the system, and the third party is responsible for maintenance and repairs.
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Simply take the free solar quiz to find out if your home qualifies, and you’ll receive a video overview of the best option available in your area.
What Others Are Saying…
“These guys made the whole process almost effortless! All of the crew that came to the house were professional, quick, and clean. The panels look great! I am happy that I have taken a step towards being a part of renewable energy, and also cutting my energy costs in half!” ~ Duston
“Mike has been a pleasure to deal with. He is knowledgeable, attentive, friendly and keeps to his promises. He has a high level of integrity and will always find the answer if he doesn’t know it when first asks. I can heartily endorse him.” ~ Bruce
“They answered all of our questions and responded to all of our emails and texts promptly. We are so impressed with our experience and are so happy that we made the right choice..” ~ Joe & Susan
With no upfront costs for service or installation, you can start saving from day one. Solar panels are 70% cheaper today than they were 10 years ago, which means millions of homeowners that could not previously afford to do so are switching to solar. Solar panels can significantly reduce your cost of energy.
Rebates & Incentives
In order to get more people to switch to clean solar energy the federal and state governments are highly incentivizing homeowners who live in specific zip codes to go solar with $1000’s of dollars in rebates and incentives that can cover 100% of the costs associated with a new solar panel installation.
Why Go Solar?
Solar panels are an economical way for homeowners to lower their electric bill, increase their property value, and help the environment. Instead of paying electric companies top-tier costs for energy, solar panels allow you to lock in a low energy rate and save thousands year after year!
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Property Assessed Clean Energy (PACE) Financing: PACE financing allows homeowners to finance their solar panel system through their property taxes. The loan is repaid over a period of 5 to 25 years, and the interest rates are typically lower than other forms of financing.
Credit Cards: While not the ideal financing option, credit cards can be used to cover the upfront cost of solar panel installation. Be sure to consider the interest rates and repayment terms before choosing this option.
There are a variety of Massachusetts solar panel financing options available in 2023 with the help of New England Solar Programs. By exploring these options, homeowners can make solar power more accessible and affordable for their home. With the financial savings and environmental benefits of solar power, it’s a smart investment for homeowners to consider. With the help of New England Solar Programs, homeowners can explore their options and make an informed decision about the best financing option for their home.