Loans

Solar Loans & Photovoltaic (PV) Loans

Installing solar panels on your home can be an effective way to save money on your energy bills and lower your carbon footprint. Let Hawaii’s year-round sunshine do the work for you and apply for a photovoltaic loan to fund your solar panel installation.

0% interest and no monthly payments in the first 18 months. After the first 18 months, enjoy an interest rate as low as 7.70% APR* for the next 78 months. The APR for the entire 8-year term may be as low as 5.165%.

0% Interest and No Payments for 18 Months**

Pay no interest or make any payments for the first 18 months.

Affordable Rates

Our low loan rates make installing solar on your home possible.

Reduce Your Energy Bills

Solar panels are a smart way to save money.

Easy Application

Bring your solar contractor’s final purchase estimate to any branch.

AS LOW AS

7.70%

APR

7 year term

View disclosures

Solar Loans & Photovoltaic (PV) Loans

Rates & Disclosures

Photovoltaic (PV) Loan - PV Loan Program*

Interest Rate** Months 0 to 18	Interest Rate** Months 19 to 96	APR
0.00%	7.70%	5.165%
0.00%	8.10%	5.427%
0.00%	8.70%	5.817%

*The PV Loan program is available only for PV systems installed by participating contractors. The maximum loan amount is $75,000 and is subject to approval. A contractor’s participation in the Hawaii State FCU PV loan program does not imply endorsement of the contractor by Hawaii State FCU. The PV Loan program is not applicable for refinancing of existing loans for PV systems, is subject to change, and may end at any time. Membership in Hawaii State Federal Credit Union is required. No prepayment penalty. Rates are subject to change at any time without prior notice. Must be a Hawaii resident.

**The Photo Voltaic (PV) Loan program features 0% interest rate and no payments for the first 18 months with a subsequent interest rate of 7.70%, 8.10%, or 8.70% for the remaining 78 months based on your creditworthiness. The APR over the entire 96-month term of the loan is 5.165%, 5.427%, or 5.817% respectively. The interest rates include a 0.25% discount for establishing autopay from an HSFCU checking account at the time of loan origination. The interest rate will be 0.25% higher and the APR’s will be 0.163% higher without the discount. Rates are effective 11/01/2024 and are subject to change without notice.

A loan of $30,000 with a 7.70% interest rate will have: 78 payments of $490.07 . A loan of $30,000 with an 8.10% interest rate will have: 78payments of $495.98 . A loan of $30,000 with an 8.70% interest rate will have: 78 payments of $504.92. Payments begin on the 19th month and continue until the 96th month.

These are estimates only. Speak to a Hawaii State FCU loan representative at any branch for more information, or call (808) 587-2700.