0% Loan for Solar Hot Water

[Waxman]

I am pursuing a 0% 7 year loan for solar hot water for my carwash. I have just begun the process so I will try and update this thread when I progress or learn something new or decide to deep 6 the idea.

 

[Bubbles Galore]

sounds great! I look forward to the updates!

 

[Eric H]

where can I get more info? Is there a website?

 

[Waxman]

I found out about it through my local Chamber of Commerce. Program is called Mass Save. I am working with Judy @Workers Credit Union.

 

[PaulLovesJamie]

How many btu/day does the system you're looking at produce, and what is the approximate installed cost?

 

[Waxman]

No clue. Starting with the loan to see if it's even possible. I've got a 2/1 in the Northeast.

 

[Waxman]

Mass Save has no provisions currently for business solar hot water. Something is in the works, says my banker. She will keep me updated as the program is revealed.

 

[Waxman]

Seems like a lack of forward financial thinking to not include small businesses in programs like Mass Save.

It's great that homeowners can get a free loan. But many businesses, like mine, could do alot with that money because I feel like I'm really in-tune with the best way to spend the loan money on creating long-term efficiencies for things I use the most (electricity, water and heat).

Heck, I'd just put the savings back into the economy by making even more improvements in my business.