Maui County - Solar Roofs Initiative Loan Program (Hawaii)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Maui County - Solar Roofs Initiative Loan Program|
|Incentive Type||Local Loan Program|
|Eligible Technologies||Solar Water Heat|
|Energy Category||Renewable Energy Incentive Programs|
|Terms||Repayment based on expected savings|
|Program Administrator||Maui Electric Company, LTD|
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.
|Contact Name||Cheryl Correa|
|Department||Maui Electric Company, LTD|
|Division||Maui Solar Roofs Initiative|
|Address||P.O. Box 398|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.