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Solar Plus Loan

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MCCI's Solar Plus loan program is an affordable solution for homeowners interested in owning their rooftop solar panels and making other necessary home improvements to reduce their energy costs and greenhouse gas emissions.

This is a flexible and affordable low interest loan for owner occupied homes with fixed monthly payments so that you save on your utilities while realizing all the other benefits of solar energy.

Benefits of Solar Energy

  • Reduce your electric bill cost. 

  • Avoid rising energy costs. U.S. electricity prices have increased 2.36% per year for the past 25 years.

  • Increase your property value. Adding solar panels to your home could add thousands to your home’s resale value.

  • Reduce your environmental impact. Solar power uses the sun as energy source. This reduces your carbon footprint and helps create healthier homes and communities.

  • Tax benefits and rebates. There are state and federal rebates and tax credits for homeowners who go solar for more potential savings. 

Features of the of Solar Plus Loan Program

To Qualify Homeowners

Must Demonstrate

  • Property must be in Lawrence, MA

  • Only available to owner-occupied 1-4 family properties

  • Property must be suitable for solar panels (home inspection will be done to confirm eligibility)

Eligible Cost

  • Solar panels

  • Battery storage

  • Roof replacements

  • Other energy efficiency related projects to the solar installation and decarbonization plan

Loan Details

  • Amounts: Up to $50,000

  • Terms:Up to 25-year terms with affordable rates

  • No payments for the first 18 months after closing

  • APR 2.162%*

  • Potential subsidies and credit rebates

* Your actual Annual Percentage Rate (APR) may differ based on your credit history, approved loan amount, and term. The APR of 2.162% is based on a $50,000 loan at a 15-year term and 2% fixed rate.

​Contact Jennifer Sanchez, Residential Loan Officer, at 978-252-3656 or Jennifer.Sanchez@mccinvest.org for more information.

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