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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...    
8.38% 60 Months $75,000
8.88% 120 Months $75,000
9.13% 180 Months $75,000

Payment example: 7.88% for 60 months equals $20.23 per $1,000 borrowed.


MySolarFeatures at a glance...
Maximum Loan$75,0001
Maximum Term15 Years
Origination FeesNone
Interest Only Period12 Months
Lending TerritoryMA+ Contiguous States
Low Income SubsidiesNo
Mortgage Required?No2
Allowable CostsInstallation+Tree Removal & Roof Repair3
"Off Grid" Financing?Yes
Minimum Efficiency (TSRF)60%5
Maximum Production150% of Consumption6
Project OversightNo
Application/ Loan Closing Process100% Online7, by Phone, or in Person
Pre-payment PenaltyNo
Re-amortization Max/ FeeNo Limit/ No Fee8

Payment Example: 8.38% for 60 months equals $20.46 per $1,000 borrowed.

1. Maximum loan amount is based on your credit score.
2. Only a lien will be placed on the solar equipment, not on your home, unless unusual circumstances exist.
3. Site preparation, roof repair, and other related costs are limited to 15% of the installation expense.
4. 60% of loan proceeds are disbursed upon contract signing with installer; 40% disbursed upon utility interconnectivity.
5. A copy of the shading analysis is required to ensure the system will meet the 60% optimal output.
6. Expected annual system production may not exceed 150% of the System Owner’s annual electricity consumption.
7. Online application excludes Commercial Solar Loans. Please contact our Commercial Services Division at 413.588.5856 to apply.
8. 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.