Maui County - Solar Roofs Initiative Loan Program (Hawaii)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Hawaii

Name Maui County - Solar Roofs Initiative Loan Program
Incentive Type Local Loan Program
Applicable Sector Residential
Eligible Technologies Solar Water Heat
Active Incentive Yes

Implementing Sector Local
Energy Category Renewable Energy Incentive Programs
Amount Zero-interest loans

























Terms Repayment based on expected savings
Program Administrator Maui Electric Company, LTD
Website http://www.mauielectric.com/portal/site/meco/menuitem.853d25dd64dca44973b5c410c510b1ca/?vgnextoid=5dcde43de0c82110VgnVCM1000005c011bacRCRD&vgnextfmt=default
Date added to DSIRE 2002-11-01
Last DSIRE Review 2012-09-26



References DSIRE[1]


Summary

In September 2002, Maui Electric Company (MECO) and the County of Maui teamed up to launch the Maui Solar Roofs Initiative to increase the use of renewable energy in Maui County. MECO administers the loan program and, through the Hawaii Energy Program, offers a $750 rebate for installations through its approved independent solar contractors.

Residential homeowners with existing electric water heaters are eligible and must provide a down payment equal to 35% of the system cost after Hawaii Energy’s rebate. This program also accepts applications from renters who have the property owner's permission. Funds are provided by the County of Maui and MECO administers the loans. To date, the County of Maui has contributed a total of $700,000 in funding. This funding goes into a revolving loan fund that offers interest free loans for the installation of solar water heating systems. Loan payments are based on expected monthly savings. As payments replenish the fund, more applicants can be served. Some of the funds have been designated for households at or below the median income.

Call MECO at 1-808-871-2330 for more information or visit the website shown above.


Incentive Contact

Contact Name Cheryl Correa
Department Maui Electric Company, LTD
Division Maui Solar Roofs Initiative
Address P.O. Box 398

Place Kahului, Hawaii
Zip/Postal Code 96733-6898
Phone (808) 871-2330


Email cheryl.correa@mauielectric.com
Website http://www.mauielectric.com
     
     


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"