Solar and Energy Efficiency Loans

solar panels on a house roof

Power Your Home

Mascoma Bank wants to help you power your home with clean and affordable energy. We’re here to provide you the financing to make that switch.

Contact our Solar and Energy Efficiency Loan Specialist today!

Lindsay White
1-888-627-2662 Ext. 4957
(802)280-4957
Lindsay.White@mascomabank.com

Our Solar Loan features:

  • Loans up to $60,000.
  • A fixed rate up to 15 years with interest only payments for the first year.
  • Loan decisions made within 24 hours and distribution of funds often within 48 hours.
  • Your home is not used as collateral.
  • Payment amounts are subject to change after initial 12 months based on tax credits or other funds applied to principal. Example: A $20,000 loan at 5.701% APR would result in 12 initial interest-only payments of $95.02. With no funds applied to principal reduction during initial 12 months interest only period. Example: A $20,000 loan at 5.701% APR would result in the remaining 168 principal and interest payments of $170.86 per month.

Solar Loans

Rate APR Payment per $1000 Financed Max Term

Rates effective March 1, 2021
APR = Annual Percentage Rate
Rates are subject to change without notice

Solar Loan Requirements:

  • Solar purchase and sales contract.
  • Customer must meet standard underwriting guidelines.
  • One-time processing fee $69.00

Our Energy Efficiency Loan features:

  • Secure funding for new heating and cooling systems, updated windows, insulation, energy efficient appliances, and more.
  • Loans up to $20,000 (no down payment required).
  • Your home is not used as collateral.
  • Loan decisions made within 24 hours and distribution of funds often within 48 hours.
  • 10 year loan at an annual percentage rate of 7.99% (rate subject to change without notice).
    • Example: A $10,000 loan at 7.99% for 10 years would result in principal and interest payments of $121.27 per month.

Efficiency Loans

Rate APR Payment per $1000 Financed Max Term

Rates effective March 1, 2021
APR = Annual Percentage Rate
Rates are subject to change without notice

Energy Efficiency Loan Requirements:

  • Customers should have a quote, an estimate, or an energy audit.
  • Primary residence only.
  • One-time processing fee $69.00