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Hawaii

Hawaii

Incentives/Policies for Renewables & Efficiency

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Maui County - Solar Roofs Initiative Loan Program   

Last DSIRE Review: 09/03/2014
Program Overview:
State: Hawaii
Incentive Type: Local Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat
Applicable Sectors: Residential
Amount:Zero-interest loans
Terms:Repayment based on expected savings
Web Site: http://www.mauielectric.com/portal/site/meco/menuitem.853d25dd64d...
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 Rebate Program, offers a $1,000 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:
  Cheryl Correa
Maui Electric Company, LTD
Maui Solar Roofs Initiative
P.O. Box 398
Kahului, HI 96733-6898
Phone: (808) 871-2330
Fax: (808) 872-3235
E-Mail: cheryl.correa@mauielectric.com
Web Site: http://www.mauielectric.com
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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.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.