Energy Efficiency Financing

GreenSun Hawaii logoGreenSun Hawaii is an innovative financing program administered by the Hawaii Community Reinvestment Corporation (HCRC), utilizing grant funds from the U.S. Department of Energy.  GreenSun Hawaii makes energy improvements for homes, multi-family projects, nonprofit organizations and businesses affordable by partnering with local banks and credit unions.  The program provides participating lenders access to a loan loss reserve designed to absorb first losses on loans made to finance eligible energy efficiency and renewable energy system installations.  As a public-private partnership, GreenSun Hawaii has the ability to leverage $4.38 million in federal funds into $88 million in energy efficiency and renewable energy equipment loans.

 

As of March 2014:
  • The program has 12 participating lenders and 42 authorized contractors
  • Low-interest loans amounting to over $3 million
  • Estimated energy savings for installations is 13.3 million kWh of electricity over the life of the installations saving over $6.5 million
  • Annual CO2 reduction is 980,000 lbs. (19.9 million lbs. over the life of the installations)
  • Energy savings over the life of the equipment is equivalent to powering 1,796 households

 

For more information on other programs, visit Financial Resources

 

For information and data on renewable energy and energy efficiency in Hawaii, download Hawaii Energy Facts & Figures, May 2014 Edition