Answer
Aug 11, 2020 - 01:16 PM
Yes. Mass Solar Loan offers a loan program through a number of regional banks that offer a discounted interest rate for solar loans. They also have a provision for a principal reduction for borrowers with incomes below stated thresholds. This means that if you qualify based on income, you can actually receive an additional 30% discount on the purchase price of the system through this program as well as a reduction on your interest rate of 1.5%. In 2019, a family of 4 was eligible for a 30% reduction of loan principal if the household income was below $95,795. For more information, see the Mass Solar Loan website.
