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 $20,000 and $40,000, 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 4-7 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. Locally, you can also find other solar loans available from Bank of HawaiiFirst Hawaiian BankUniversity of Hawaii Federal Credit Union, and various local credit unions. There are also many solar leasing options available.


Photovoltaic Solar PanelsWe can finance most Solar PV systems at 5.99% APR, where the monthly payment for the cost of the solar system will be less than what you would have paid for your monthly electric bill. Most people are able to may back their loan in half that time, by using the tax credits received, as well as the money saved from their lower monthly electrical bill. You can choose between a 12 year or 15 year term. A credit score of 680 or higher is needed to qualify for this program. Call us today to learn more about it.