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MySolar Loans


For a brighter future.

Bring clean, renewable energy to your home without using any of your home's equity.

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High Max and Long Terms

With a high maximum amount to borrow and long terms, you can finance any project to suit your needs with a MySolar loan.

Allowable Costs

Not only does the MySolar Loan cover the cost of installation, but also tree removal and roof repair.

Non-Owner Occupied? No Problem!

Looking to upgrade a business or rental property with clean energy? You can keep costs down for you and your tenants.

If you're looking to get some panels installed on your business or rental property, we've got you covered with our Commercial Sustainability options


Lower Your Rate Even More With Co-op Points

That's right. With 2,500 Co-op Points, you can reduce your MySolar Loan rate by 0.25%. Do you have 5,000 Points? You can reduce that rate by up to 0.50%!

Learn more about Co-op Points


MySolar Loan Rates

Annual Percentage Rate (APR) Max Term Limit
Rates Starting At...    
7.38% 60 Months $75,000
7.88% 120 Months $75,000
8.13% 180 Months $75,000


MySolar Features at a glance...
Maximum Loan $75,000
Maximum Term 15 Years
Origination Fees None
Interest Only Period 12 Months
Lending Territory MA+ Contiguous States
Low Income Subsidies No
Mortgage Required? No1
Allowable Costs Installation+Tree Removal & Roof Repair2
Disbursements Two3
"Off Grid" Financing? Yes
Minimum Efficiency (TSRF)4 60%
Maximum Production5 150% of Consumption
Project Oversight No
Application/ Loan Closing Process 100% Online
Pre-payment Penalty No
Re-amortization Max/ Fee6 No Limit/ No Fee


1. Only a lien will be placed on the solar equipment, not on your home, unless unusual circumstances exist.
2. Site preparation, roof repair, and other related costs are limited to 15% of the installation expense.
3. 60% of loan proceeds are disbursed upon contract signing with installer; 40% disbursed upon utility interconnectivity.
4. A copy of the shading analysis is required to ensure the system will meet the 60% optimal output.
5. Expected annual system production may not exceed 125% of the System Owner’s annual electricity consumption for the Mass Solar Loan or 150% for the UMassFive Solar Loan.
6. UMassFive permits an unlimited number of re-amortizations (recasting/lowering the payment) after a 20% principal reduction is made.

Ready to apply for your MySolar Loan?


For disclosures and additional details, visit here.