| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Hawaii |
| Incentive Type: | Loan Program |
| Web Site: | http://energy.hawaii.gov/ |
| Administrator: | Hawaii Community Reinvestment Corporation |
| Funding Source: | The American Recovery and Reinvestment Act of 2009 (ARRA) |
| Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Photovoltaics |
| Eligible Efficiency Technologies: | Refrigerators/Freezers, Lighting, Heat pumps, Air conditioners, Windows |
| Loan Term: | Varies by lender |
The GreenSun Hawaii program works with various lenders throughout Hawaii to offer to finance for renewable energy and energy efficiency upgrades. Through the program, homeowners may be eligible to finance Energy Star refrigerators, Energy Star air conditioners, solar water heating systems or heat pumps, and solar photovoltaic systems. Non-residential property owners may be eligible to finance lighting retrofits or upgrades, air conditioning, solar water heating systems, solar photovoltaic systems, and windows. An energy audit is required for non-residential property owners.
GreenSun Hawaii is a loan loss reserve fund developed using funds from The American Recovery and Reinvestment Act of 2009 (ARRA). GreenSun Hawaii partners with banks and credit unions, making the loan loss reserve fund available to participating lenders. Consequently, participating lenders can offer more favorable terms and lower interest rates to homeowners, businesses, non-profits, and owners of multi-family dwellings for the installation of renewable energy and energy-efficient technologies. Specific terms vary by lender.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
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