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. 

                                                            Home repair Icons           Green Initiative icon                             

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.

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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Mass Save Home Energy Assessment must have been completed within the past three (3) years and presented to the Bank, prior to closing
 
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Fixed interest rate currently 4.00% as of October 31, 2019 (additional 0.25% discount for Autopay and eStatement enrollment available at time of application)
 

* A $50,000 solar loan with a loan term of 15 years at an APR of 3.75% (including a 0.25% discount for Autopay and eStatement enrollment) will result in 180 monthly payments of $363.61.


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

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