Power Your Home
Mascoma Bank wants to help you power your home with clean and affordable energy. We’re here to provide you the financing to make that switch.
Our Solar Loan features:
- Loans up to $60,000.
- Interest rate varies with term and multiple loan terms available.
- Loan decisions made within 24 hours and distribution of funds often within 48 hours.
- Your home is not used as collateral.
- Payment amounts are subject to change after initial 12 months based on tax credits or other funds applied to principal.
Solar Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| 10 Year Term | ||||
| 10 Year Term | 7.290% | 7.737% | $11.76 | 120 |
| 15 Year Term | ||||
| 15 Year Term | 7.790% | 8.117% | $9.44 | 180 |
| 20 Year Term | ||||
| 20 Year Term | 8.290% | 8.563% | $8.55 | 240 |
Payment per $1000 Financed is for loans with Payment by Auto Deduction from a Mascoma Bank Account. For more information contact a local branch.
Rates effective September 24, 2024
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice
Solar Loan Requirements:
- Solar purchase and sales contract.
- Customer must meet standard underwriting guidelines.
- Primary residence, second homes, and 1-4 family investment properties.
- Click for Printable Features and Requirements.
Our Energy Efficiency Loan features:
- Secure funding for new heating and cooling systems, updated windows, insulation, energy efficient appliances, and more.
- Loans up to $25,000 (no down payment required).
- Your home is not used as collateral.
- Loan decisions made within 24 hours and distribution of funds often within 48 hours.
- 10 year loan with an interest rate of 9.19%*.
- Example: A $10,000 loan at 9.19% for 10 years would result in principal and interest payments of $127.70 per month.
Efficiency Loans
| Rate | APR | Payment per $1000 Financed | Max Term | |
|---|---|---|---|---|
| Unsecured* | ||||
| Unsecured* | 9.190% | 9.654% | 12.77 | 120 |
Rates effective September 24, 2024
APR = Annual Percentage Rate
APR is based on a $5000 loan
APR includes one-time processing fee of $99.00
Rates are subject to change without notice
Energy Efficiency Loan Requirements:
- Customers should have a quote, an estimate, or an energy audit.
- Primary residence, second homes, and 1-4 family investment properties.
- Customer must meet standard underwriting guidelines.
- Click for Printable Features and Requirements.