{"id":131,"date":"2015-12-24T09:40:46","date_gmt":"2015-12-24T14:40:46","guid":{"rendered":"http:\/\/utilitieslocal.com\/news\/?p=131"},"modified":"2015-12-23T10:23:17","modified_gmt":"2015-12-23T15:23:17","slug":"solar-loan-program-announced-for-massachusetts-homeowners","status":"publish","type":"post","link":"https:\/\/utilitieslocal.com\/news\/solar-loan-program-announced-for-massachusetts-homeowners\/","title":{"rendered":"Solar loan program announced for Massachusetts homeowners"},"content":{"rendered":"<p>It just got easier for Massachusetts homeowners to get solar panels up on their rooftops and subsequently watch their electricity bill shrink.<\/p>\n<p>This week, Massachusetts Governor Charlie Baker announced a $30 million residential solar loan program that will serve to help homeowners better gain access to solar panels as an energy source.<\/p>\n<blockquote class=\"twitter-tweet\" width=\"550\">\n<p lang=\"en\" dir=\"ltr\">Want solar? Mass Solar Loan makes ownership more affordable <a href=\"https:\/\/t.co\/8qQK2YzE1U\">https:\/\/t.co\/8qQK2YzE1U<\/a> <a href=\"https:\/\/twitter.com\/MassEEA\">@masseea<\/a> <a href=\"https:\/\/twitter.com\/MassDOER\">@massdoer<\/a> <a href=\"https:\/\/t.co\/DfODfF4S41\">pic.twitter.com\/DfODfF4S41<\/a><\/p>\n<p>&mdash; MACleanEnergyCenter (@MassCEC) <a href=\"https:\/\/twitter.com\/MassCEC\/status\/677535350567346178\">December 17, 2015<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Mass Solar Loan Program<\/h2>\n<p>The state&#8217;s new <a href=\"http:\/\/www.masscec.com\/programs\/mass-solar-loan\" title=\"Mass Solar Loan Program\" rel=\"nofollow\" target=\"_blank\"><strong>Mass Solar Loan Program<\/strong><\/a> is looking to further the expansion of solar as a viable renewable power source in Massachusetts. The solar loan program is being financed through $30M of &#8220;alternative compliance payments&#8221; from the Department of Energy Resources (DOER).<\/p>\n<h2>Details of the loan program<\/h2>\n<ul>\n<li>MA homeowners will have access to low-interest, fixed-term loans.<\/li>\n<li>Additional loan support may be available for some income-qualified solar owners.<\/li>\n<li>Lenders will offer 10-year, fixed-rate loans between $3,000 and $35,000.<\/li>\n<li>Occasionally, loans may reach up to $60,000.<\/li>\n<\/ul>\n<p>Lenders will disburse 35 percent of loan amounts to homeowners at the close of the loan, and will release the remaining 65 percent after the solar system has been connected to the electric grid <em>and<\/em> completion documents have been approved.<\/p>\n<blockquote class=\"twitter-tweet\" width=\"550\">\n<p lang=\"en\" dir=\"ltr\">This program gives residents another way to access solar energy while reducing the Commonwealth\u2019s carbon footprint. <a href=\"https:\/\/t.co\/A4FIg2U6Tx\">https:\/\/t.co\/A4FIg2U6Tx<\/a><\/p>\n<p>&mdash; Charlie Baker (@MassGovernor) <a href=\"https:\/\/twitter.com\/MassGovernor\/status\/677555458803113984\">December 17, 2015<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<span class=\"source-attribution\">Orginally published on &rarr; <a href=\"http:\/\/solarenergylocal.com\/news\/massachusetts-launches-30m-solar-loan-program\/\" target=\"_blank\" rel=\"nofollow\">Solar Energy Local<\/a><\/span><div class=\"pd-photo-att\">Photo Credit: <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Solar_panels_on_house_roof.jpg\" target=\"_blank\" rel=\"nofollow\">Photo<\/a> by Gray Watson \/ <a href=\"http:\/\/creativecommons.org\/licenses\/by\/2.5\/\" target=\"_blank\" rel=\"nofollow\">CC BY<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>Massachusetts Governor Charlie Baker announced a $30 million residential solar loan program that will serve to help homeowners better gain access to solar panels as an energy source.<\/p>\n","protected":false},"author":1,"featured_media":132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/posts\/131"}],"collection":[{"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/comments?post=131"}],"version-history":[{"count":1,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/posts\/131\/revisions"}],"predecessor-version":[{"id":133,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/posts\/131\/revisions\/133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/media\/132"}],"wp:attachment":[{"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/media?parent=131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/categories?post=131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/utilitieslocal.com\/news\/wp-json\/wp\/v2\/tags?post=131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}