Massachusetts

BlueWave was born in Massachusetts, and we’re proud to be operating in a state with an ambitious solar agenda and numerous clean energy incentives.

Home Solar Loan Benefits

For income-qualifying customers, the state offers direct subsidies to buy down your loan interest rate through a public solar loan program from the Massachusetts Clean Energy Center (MassCEC). For a list of approved installers click here.

  • Seamless sign-up: Once you’ve been approved for the MassCEC program, we make it simple to sign up for your loan through our secure Solar Management Platform. With qualified credit and a Technical Confirmation from MassCEC, you’ll get quick—and often same day—approval.
  • Low, fixed payments—no closing fees: We offer 10-year home solar loans, up to $60,000, at a fixed payment rate of 3.99%. You can even lock in a 3.74% rate by opening a checking account with our local lending partner, Avidia Bank.
  • No early repayment penalty: While your system is being installed, you’ll only pay interest on 35% of your total loan. Once it’s operating, you’ll begin paying the principal plus interest—and with Federal (30%) and state tax credits ($1,000), you can pay down your loan, faster, with no penalties.

Click here to download our Massachusetts loan info sheet.

Click here to sign up for the BlueWave Home Solar Loan in Massachusetts.

 

Save more with SRECs.

As your rooftop solar system generates clean electricity, it’s also producing solar renewable energy certificates (SRECs). You can think of your SRECs as energy stocks. One SREC is minted per every 1,000 kWh produced by your home solar system.

In Massachusetts, utilities and large energy suppliers are required to have a certain percentage of their power generated from renewable sources. To meet these requirements, suppliers can purchase SRECs on the open market, like the ones your system will generate.

When you sign your home solar loan agreement with BlueWave, we’ll act as your SREC manager to ensure the sale of—and payment for—your SRECs.

Learn more about saving with SRECs.