Rates Effective:  

Tier 1 Loans
Years Loan Amount
$5,000 to $20,000
Loan Amount
$20,001 to $35,000
Loan Amount
$35,001 to $60,000
Monthly Payment Notes
3 to 5 4.75% APR* (No Lien) 4.75% APR* (UCC-1 Lien) 4.75% APR* (Mortgage) $187.57 1
5+ to 10 5.50% APR* (No Lien) 5.50% APR* (UCC-1 Lien) 5.50% APR* (Mortgage) $108.53 2
10+ to 20 6.25% APR* (UCC-1 Lien) 6.25% APR* (Mortgage) 6.25% APR* (Mortgage) $73.09 3, 4
Tier 2 Loans
Years Loan Amount
$5,000 to $15,000
Loan Amount
$15,001 to $25,000
Loan Amount
$25,001 to $60,000
Monthly Payment Notes
3 to 10 6.00% APR* (UCC-1 Lien) 6.00% APR* (UCC-1 Lien) 6.00% APR* (Mortgage) $111.02 2
10+ to 20 6.50% APR* (Mortgage) 6.50% APR* (Mortgage) 6.50% APR* (Mortgage) $74.56 3, 4
Tier 3 Loans
Years Loan Amount
$5,000 to $20,000
Loan Amount
$20,001 to $35,000
Loan Amount
$35,001 to $60,000
Monthly Payment Notes
3 to 10 6.50% APR* (UCC-1 Lien) 6.50% APR* (UCC-1 Lien) 6.50% APR* (Mortgage) $113.55 2
10+ to 20 6.75% APR* (Mortgage) 6.75% APR* (Mortgage) 6.75% APR* (Mortgage) $76.04 3, 4

Credit Score:
Tier 1: 720+
Tier 2: 680 to 719
Tier 3: <680

Installations in the following Naveo CRA communities are eligible for a rate reduction of 0.25%:
Somerville, Cambridge, Medford, Malden & Everett.

MassCEC's Income-Based Loan Support eligible borrower rates will be at 1.5% below rates in matrix above.

*APR = Annual Percentage Rate (APR). Minimum loan amount $5,000.00. Maximum loan amount $60,000.00. Up to 12 months interest-only payments during construction period. All loans are subject to meeting Mass Solar Loan Program guidelines. Financing available on 1-4 family primary residences and vacation homes located in Massachusetts only. Financing is subject to credit approval. Additional terms and conditions may apply. Borrowers must be eligible for membership with Naveo. Loan secured by mortgages and UCCs are subject to closing costs. All individuals listed on deed must be present at closing for loans secured by mortgages and UCCs.

Non-owner-occupied property:
Rate at 6.75%
Max 180 Months
Max LTV 75%
other restrictions may apply.

Notes:
1 - Payment is based on 60 months for $10,000 loan
2 - Payment is based on 120 months for $10,000 loan
3 - Payment is based on 240 months for $10,000 loan
4 - Loans with terms >10 years must have a minimum monthly payment of $100

Apply Now!