Solar Loan Program

We'll help you build a brighter future.

Cape Cod 5 is offering solar financing with flexible terms and competitive rates to qualifying home-owners. 

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Switching to solar with the help of Cape Cod 5 is a great way to offset energy costs, reduce the environmental impact of your home and provide a host of other benefits, such as supporting local businesses and contributing to energy independence.

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The Details:
  • Maximum loan amount of $50,000
  • Loan will be secured by a mortgage on the Borrower’s primary or second home within the Bank’s lending market area
  • System must be installed on the property securing the loan 
  • Subject property must be a 1-4 family residential property
  • Condos, cooperatives, titles held in LLCs or Irrevocable Trusts, and rental properties do not qualify
  • Repayment term of 15 years*
  • Borrower must provide a copy of their accepted contract/agreement for the installation of a roof mounted or ground solar energy system with a licensed installer at the time of application

 

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Fixed interest rate currently 3.25% as of March 17, 2020.

 

* A $50,000 solar loan with a loan term of 15 years at an APR of 3.25% will result in 180 monthly payments of $351.33. 
Payment example does not include taxes or insurance premiums. Actual payment obligation may be greater.

 

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Cape Cod 5 recommends having a Mass Save Home Energy Assessment performed to maximize the energy efficiency of your home

 

Energy Saver logoTo learn more about the benefits of solar electricity visit the U.S. Department of Energy Energy Saver website

 

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