Mass Solar Loan | East Cambridge Savings Bank | ECSB.com

Mass Solar Loan

Cut energy bills with a Mass Solar Loan

 

Photo of a man installing solar panels on a roof.Tired of those high energy bills each year? Want a long-term solution to reducing those costs?

 

Take out a low-interest Mass Solar Loan from East Cambridge Savings Bank, and install energy-efficient solar panels on your home. The panels will significantly reduce your electricity bills for years to come. Over time, you could see thousands in savings.

 

Don’t wait! Take advantage of this special Mass Solar Loan Program today and enjoy some very cool savings this summer.

 

For more information, visit MassSolarLoan.com or speak with one of our loan officers.

 


*The APR is effective as of and applies to 1-4 Family Owner Occupied Dwellings. Minimum loan amount $5,000.00 and maximum loan amount $35,000.00.

  • Up to 12 monthly interest-only payments during construction period. Your interest only monthly payments based on a loan amount of $35,000 at an interest rate of 5.25%, APR 5.25%, would be $153.13. Once installation is completed your monthly payment based on a loan amount of $35,000.00 at an interest rate of 5.25%, APR 5.25% and a repayment term of 120 months is $384.19.    
  • Fees range from $75.00-$105.00 for the recording fee of the UCC-1 and the credit report fee
  • Borrower must have received a "Mass Solar Loan Technical Confirmation prior to submitting an application.
  • Subject property must be located in Arlington, Belmont, Cambridge, Chelsea, Everett, Lexington, Malden, Medford, Newton, Revere, Saugus, Somerville, Waltham, Watertown and Winchester MA.
  • Closing must take place at an East Cambridge Savings Bank Banking Center.
  • Loan request must be in the name of a natural person and not a Trust or LLC.
  • Required documentation for SOLAR loans: MASS Solar Loan Technical Confirmation (issued through MassSOLAR); pay stubs representing one consecutive month for all applicants; current Federal Tax returns (all pages, W2s & schedules) if self-employed; copy of current mortgage statement or bill; copy of current real estate tax bill; copy of property deed.
  • All loans are subject to meeting Mass Solar Loan Program guidelines. 
  • Financing is subject to credit approval. 
  • Other restrictions may apply.

 

 

 

 

 

 

 

 

1.866.354.ECSB (3272)
The Banking Connectionsm 24-hour banking service: 1.800.869.3423
© 2005– East Cambridge Savings Bank. All Rights Reserved.