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Specialty Loans

SCU Credit Union offers unique lending opportunities through our parnerships with MassHousing and Mass Save® that are designed to save our members money. And when partnerships are not available, we've designed our own programs, like the SCU Solar Loan, to meet our members' needs at competive rates and flexible terms.


Mass Save® Residential HEAT Loan Program

SCU Credit Union is proud to have partnered with Mass Save®. The Mass Save® HEAT Loan program (also known as the Mass Save Home Energy Services Program) is available to Massachusetts homeowners of both owner occupied and non-owner occupied 1-4 family homes. This program assists with the cost of installing qualified energy-efficient improvements.

  • Zero % interest rate
  • Maximum loan amount of $25,000
  • Maximum term of 84 months

To find out if you qualify for the Mass Save® Residential HEAT Program, contact them directly via their website or call 1-866-527-7283.

Upon receipt of your authorization form from Mass Save® apply online to start the loan process.


MassHousing Septic Repair Loan

If your septic system failed and is non-compliant with the Commonwealth’s Title V requirements, the MassHousing’s low- and no-interest Septic System Repair Loan can help.

Program Features:

  • Owners of 1- to 4-family homes and condominiums are eligible
  • The minimum loan amount is $1,000; the maximum loan amount is $25,000
  • Loans may be paid in full at any time with no penalty
  • Apply >>

Borrowers must meet income eligibility requirements to qualify for a Septic Repair loan. If you do not meet the requirements, please speak with one of our member service representatives to see what other lending options are available to assist you.  Call 781-784-7725 or visit one of our convenient branch locations.

Mass Solar Loan

Looking for an Affordable Clean Energy Option?

Mass Solar Loan Features:

  • $3,000 minimum to $35,000 maximum unsecured loan amount
  • $35,001 to $60,000 maximum secured loan amount
  • $500 maximum closing costs
  • Low interest rate
  • Up to 12 months of interest-only payments during installation
  • Ability to re-amortize within first 18 months at no cost

Next Steps:

  1. Receive a solar price quote from a pre-qualified Mass Solar Loan installer by finding a list of eligible installers at
  2. Select an installer and sign a solar installation contract.
  3. Work with your installer to complete your Mass Solar Loan technical application online.
  4. Provide your tax information online, if you are applying for income-based loan support.
  5. Once you receive your technical confirmation document via email, complete your loan application with SCU Credit Union.
  6. When your loan closes, SCU Credit Union advances you 35% of the loan to cover initial installation costs.
  7. After your solar system is connected, your installer files your project completion documents.
  8. When your project receives completion approval, you receive the remainder of your loan from SCU Credit Union.


  • Only solar electric (photovoltaic) systems owned by the resident are eligible.
  • Third-party lease or power purchase agreements for solar are NOT eligible.
  • Financing available on primary residences or vacation homes in Massachusetts only.
  • Loan recipients must meet SCU Credit Union-defined loan qualification standards.
  • Solar electric systems must be connected to the electricity distribution grid.
  • Solar electric systems may not have previously received incentives from the Massachusetts Clean Energy Center.
  • Borrowers must be eligible for and establish membership at SCU Credit Union.

Apply (select Personal Loan)

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SCU Solar Loan

Looking for an Alternative Solar loan program to own your panels?

  • Loan amount $3,000 up to $35,000 maximum.
  • Only solar electric (photovoltaic) systems owned by the resident are eligible. No leased panels.
  • Third party lease or power purchase agreements for solar are NOT eligible.
  • Financing available on eligible primary residences or vacation homes in Massachusetts or Rhode Island.
  • Solar electric systems must be connected to the electricity distribution grid.
  • Signed Contract from Installer and Deed required.
  • Fees: UCC1 filing fee
  • Apply >>


Own My Solar

SCU Credit Union has partnered with NRGTree to offer the Own My Solar program. Own My Solar makes it easy for you to receive estimates on installing solar in your home. Just follow these 4 steps.

  1. Go to to create your FREE account in seconds.
  2. Own My Solar designs your solar system and installers bid on your business, ensuring the lowest price.
  3. Schedule your solar panel system installation.
  4. Start saving on your electric bill and enjoying the benefits of solar.

Get your FREE estimate today!

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