Solar & Battery Regulation & Incentive Programs

GreenSun Hawaii

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
Hawaii
Eligible Storage Technologies:
Solar Water Heat, Solar Photovoltaics, Refrigerators/Freezers, Lighting, Heat pumps, Air conditioners, Windows
Website:
http://energy.hawaii.gov/
Loan Term:
Varies by lender
Administrator:
Hawaii Community Reinvestment Corporation
Applicable Sectors:
Commercial, Industrial, Nonprofit, Residential, Multifamily Residential
Budget :
$4.38 million in federal funding
Last Updated:
07/15/2020
Funding Source
The American Recovery and Reinvestment Act of 2009 (ARRA)

Summary

The GreenSun Hawaii program works with various lenders throughout Hawaii to offer financing 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 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 are able to 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.