Hawaii Incentives/Policies for Renewables & Efficiency |
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Last DSIRE Review: 09/26/2012
Program Overview:
| State: |
Hawaii |
| Incentive Type: |
Utility Loan Program |
| Eligible Renewable/Other Technologies: |
Solar Water Heat |
| Applicable Sectors: |
Residential, Multi-Family Residential, Low-Income Residential |
| Amount: | not specified |
| Maximum Incentive: | not specified |
| Terms: | Rate: zero interest
Repayment: 5 years of monthly payments |
| Web Site: |
http://www.kiuc.coop/indexenergy.htm
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Summary:
Through a partnership with Kauai Community Federal Credit Union (KCFCU) and Kauai County Housing Agency (KCHA), the Kauai Island Utility Cooperative (KIUC) provides qualifying members with zero-interest loans for solar water heating systems. The loan is available for installations of new systems, or to replace solar water heating systems that are over 15 years old and no longer work. KCHA, with funding from the Community Development Block Grant Program, and KCFCU provide funding for the loans. KIUC pays the interest, markets the program and verifies that systems will meet Energy Wise program standards for sizing and installation.
Participants must repay the loan within 60 months (no down payment is required). KIUC pays the interest on the loan directly to the lender for the customer. Participating members also make their monthly payments directly to the lender. There is no maximum loan amount, however commercial systems are not eligible.
The State of Hawaii also offers tax credits for solar water heating systems.
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Contact:
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Claurino Bueno
Kauai Island Utility Coop
Energy Wise Programs
4463 Pahee Street
Lihue, HI 96766
Phone: (808) 246-8280
Phone 2: (808) 246-8287
Fax: (808) 246-8268
E-Mail: cbueno@kiuc.coop
Web Site: http://www.kiuc.coop/
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
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