Home solar loan
Borrow for a solar installation at a home you own in Vermont or New Hampshire, without using your home as collateral.
Αυτή η ευκαιρία είναι προς το παρόν διαθέσιμη στα Αγγλικά.
You can borrow up to USD 60,000 for home solar. The amount available depends on your credit score and credit approval. Energy efficiency improvements can be included if they are completed during the solar installation and listed in the sales contract.
You repay the borrowed money with interest. The bank publishes 10-, 15- and 20-year terms, with respective interest rates of 7.290%, 7.790% and 8.290%. Its published annual percentage rates (APRs), which include the USD 99 one-time processing fee on a USD 5,000 example loan, are 7.737%, 8.117% and 8.563%. These rates are effective from 14 August 2025 and may change. The table’s monthly payment examples assume automatic deductions from a Mascoma Bank account.
Your home is not used as collateral. Payments may change after the first 12 months according to tax credits or other money you pay towards the loan principal, meaning the amount you borrowed. You do not have to put tax credits towards the loan.
The bank states that loan decisions are made within 24 hours and funds are often paid out within 48 hours.
Eligibility
- You must own the residence, and it must be in Vermont or New Hampshire.
- The property must be your primary residence, a second home, or an investment property with one to four family units.
- You need a signed solar purchase and sales contract.
- You must meet the bank’s standard underwriting guidelines: Mascoma Bank assesses your application for credit approval. Your credit score can affect the maximum loan amount.
How to apply
- Κατάσταση
- Ανοιχτό συνεχώς
- Όροι του κύκλου αιτήσεων
- Subject to credit approval; the maximum amount can vary with credit score.[^c7]
Contact your local Mascoma Bank branch or email ConsumerLoans@mascomabank.com to apply. The bank also offers online applications through its website. A signed solar purchase and sales contract is required.