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.

Traditional Cash Purchase

Solar 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.

Roof Solar Panels

Solar PV System Loan Options

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.

Maui Solar Financing

Pacific 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.

Photovoltaic Solar Panels

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 www.HawaiiStateFCU.com. 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
email: JasonF@HSFCU.com

Five-Star Reviews

Customer Reviews

Pacific Energy has become Hawaii's leading roofing and solar company by providing value-driven solutions and unmatched customer care. See what our customers have to say about us.

"Choosing Pacific Energy for my solar turned out to be a great decision! Everyone on the team is very professional, knowledgeable and courteous without trying to sell you anything. Communication is excellent and they were able to complete the work in 2 days and earlier than the estimated date based on availability. I would highly recommend them to anyone considering solar panels!"

Ioannis K.

Tampa, FL

"Great solar system dealer/installer! Had them install a solar panel system with a Tesla Powerwall 2 battery system. Once we signed the contract they were started on the install within a week, finished the panel and battery install, including wiring, in one day. 2 days later their electrician finished the hook up and we were generating power. Received an email from Tesla the same day with information on how to download and use the system app. All the technicians were courteous, neat, and efficient!"

Lou Z.

Tampa, FL

"Pacific Energy is so far ahead in the PV energy space. They have a business practice to get your system designed, approved, permitted, installed and close-out in record time. My experience with service and execution was better than my expectation. I had a very large system (91 panels) installed and they completed the entire system within 4 days! It passed inspection with no corrections. Their process to navigate this process is the best experience for a consumer. Let them do it and just write the check. Oh, and the products (SunPower panels and Solar Edge inverters) are the best in the market place with the best warranty and technology...hands down. Highly recommend Pacific Energy for Maui solar PV!!"

Kyron B.

Tampa, FL