Solar and Energy Efficiency Loans - Mascoma Bank

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.

 

Our Solar Loan features:

  • Loans up to $60,000.
  • Interest rate varies with term and multiple loan terms available.
  • 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.

Solar Loans

Rate APR Payment per $1000 Financed Max Term

Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective July 1, 2022

APR = Annual Percentage Rate
APR based on $5000 loan
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 $25,000 (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 with an interest rate of 7.99 %*.
    • 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

Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective  March 1,2022

APR = Annual Percentage Rate
APR based on $5000 loan
Rates are subject to change without notice

Energy Efficiency Loan Requirements:

  • Customers should have a quote, an estimate, or an energy audit.
  • Primary residence, second homes, and 1-4 family investment properties.
  • One-time processing fee $69.00