Maui Solar Financing and PV Loans

With Hawaii electricity rates being some of the highest in the nation and the payback period being so short, it makes sense to get solar PV. Once you have it, you will be so glad you did it. Find out more about Maui solar financing options below.


Roof Solar PanelsSolar PV can be a considerable upfront investment, but allows you to avoid paying interest and financing fees. The majority of our customer’s PV systems upfront cost will range between $30,000 and $60,000, before tax incentives. After maximum federal solar tax credits and state tax credits, the adjusted cost can be as little as 35% of the upfront cost. On average, most of our customers will recover the cost of their solar system in 5-7 years. This is one of the best ways to save money on your solar PV system.


We have found that a Home Equity Line of Credit (HELOC) will usually get you the best interest rate. Besides the short term solar loan from, Hawaii State Federal Credit Union, detailed on the right, you can also find a medium term solar loans available from Maui County Federal Credit Union.  We do not recommend leases for the majority of customers.

Try our Hawaii Solar Loan Payment Estimator.


Photovoltaic Solar PanelsPacific Energy is a participating Contractor of Hawaii State Federal Credit Union’s Solar PV Loan program. Their PV Loan features 18 months of no payments and no interest. This is ideal, because it is possible to send a one time payment, using your electric bill savings combined with the tax credits, before the payments begin.  This will re-amortize your loan and drop your monthly payments to be only a fraction of your electric bill.

You do not need to be a member to apply, however if you continue with the financing you will need to qualify for membership and be required to open a $100 savings account. You can apply online at Pre-Approvals are good for 60 days. If you have any questions you can contact Jason Fujioka or walk into the Kahului Branch:

Hawaii State Federal Credit Union
425 Koloa Street, #101B
Monday through Friday: 8:30am to 4:30pm
Saturday: 9:00am to 1:00pm

Jason T. Fujioka
1099 Alakea Street, Suite 100A
Honolulu, HI 96813
Cell: (808) 777-0127