28 Aug '14, 10am

Great article about @MassGovernor @MassDOER residential #solar loan program expected soon. Learn more:

Homeowners who wish to install solar on their rooftops need money, so they should be able to borrow those funds from their local banks. That's the general idea behind a proposed solar loan program that the Massachusetts Department of Energy Resources (DOER) announced earlier this year. The program's goal, the department said, is to reduce barriers for Massachusetts residents to directly own solar projects. The residential solar loan program would be funded by $30 million of alternative compliance payments. These are funds paid by electric retail suppliers if they have insufficient renewable or alternative energy certificates to meet their compliance obligations under the state's renewable and alternative portfolio standard programs. According to the DOER's preliminary design proposal, project financing is mature for large-scale solar projects but remains adolescent for res...

Full article: http://solarindustrymag.com/e107_plugins/content/content....

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