Note: According to the program website, this incentive ends on 6/30/2015.
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.
|Incentive Type:||Loan Program|
|Administrator:||Maui Electric Company, LTD|
|Eligible Renewable/Other Technologies:||Solar Water Heat|
|Loan Term:||Repayment based on expected savings|
|Technologies:||Solar Water Heat|
|Parameters:||The incentive is 1000.00 $/Unit|
P.O. Box 398
Kahului HI 96733-6898
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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