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Participating contractors:
Eco Solar
PV Tech 
Solar Help Hawaii
Solar Consultants
MK Electric
Energy Pro Hawaii
Haleakala Solar

*The Photo Voltaic (PV) Loan program features two loans. The first PV Loan will be made at 0% APR and requires no payment for the first 24 months. At the end of 24 months, a lump sum balloon payment for the full remaining principal balance is required, and it may be refinanced with a second PV Loan for six years at 6.75%, 7.50%, or 7.75% APR, based on your creditworthiness at the time the first PV Loan is made. The APRs for the second PV Loan include a 0.25 percentage point discount for establishing auto-pay from an HSFCU checking account. The APR will be 0.25 percentage points higher without the discount.

In order to qualify for the second PV Loan, the Borrower and all Co-Borrowers must remain current on all HSFCU loans in which any of them is a borrower or co-borrower, at all times between the date the first PV Loan is made and the date the second PV Loan is made.

If the first PV Loan is refinanced under the PV Loan program, the second PV Loan will require seventy-two (72) monthly payments as follows per $30,000 refinanced:

 APR Number of Payments Monthly P&I Paid Total Interest
 6.75%  72  $507.88  $6,567.10
 7.50%  72  $518.70  $7,346.64
 7.75%  72  $522.34  $7,608.68

These are estimates only.  The monthly payments under the second PV Loan will depend on the amount being refinanced and the date of refinancing.  Disclosures for the second PV Loan will be given to you prior to any refinancing.  Speak to a HSFCU loan representative at any branch for more information, or call (808) 587-2700.

The PV Loan program is available only for PV systems installed by participating contractors. The maximum loan amount is $50,000 and is subject to approval. A contractor’s participation in the HSFCU PV loan program does not imply endorsement of the contractor by HSFCU. 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.