New Fed Mortgage Corp., a multi-state residential mortgage lender has partnered with NRGTree to provide a link to “Own My Solar” via their website. This innovative online tool allows homeowners to quickly determine in a few minutes the economic viability of potential savings of owning a solar energy unit that is custom designed to their home.
“I recently learned about this innovative green energy program and I’m excited to share the environmental and financial benefits of going solar,” stated New Fed Mortgage President, Brian D’Amico.
The average Massachusetts household paying $100.00 a month for electricity can save an estimated $35,900 over the next 20 years-almost $1,800 per year. What’s more consumers are willing to pay about $15,000 more for a home with rooftop solar panels.
NRGTree is a Mass.-based technology company that connects property owners with lending institutions and solar installers. Their Own My Solar platform provides homeowners a convenient online and anonymous experience to understand if buying solar makes sense for them. Unlike leasing solar, purchasing solar enables the homeowner to keep all the federal and state incentives, substantially reduce their residential energy costs and significantly increase their home value.
New Fed Mortgage, locally based in Massachusetts has specialized in residential retail mortgage lending since 2001. Licensed in seven states on the East Coast, the company offers a wide array of financing options including Conventional, Jumbo, FHA, VA, USDA, Portfolio products along with state housing programs. Available products range from 1st time home buyer programs with little or zero money down, to “pick your term” traditional fixed rate products, adjustment rate programs, rehab loans and 203K renovation loans.
— Solar Builder magazine