Hudson-based Avidia Bank announced Monday that it has dropped its solar loan rate down to 1.89 percent for Massachusetts residents seeking to finance their residential solar systems.
Hudson-based Calare Properties added the headquarters of Boston Interiors in Stoughton to its roster of properties last month when it purchased the building for $8 million.
The evolution of financing for renewable energy installations is shifting, as bank loans are becoming a more mainstream way to maximize savings on a solar array, offering more benefits than third-party leases.
Hudson-based Calare Properties has completed the sale of an industrial property in Leominster for $31.5 million, growing the property's value from $11.6M three years ago.
A new ranking of the top 500 most influential solar companies in the country has ranked 11 Massachusetts companies, with MetroWest area companies among those leading the way for the state.