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GEM$ On-Bill Program (Green Energy Money $aver On-Bill Program)
Hawaii — state programbelow-market, fixed rate of 5.5% per annum; long-term financing of up to 25 yearsDeadline: rolling
An innovative on-bill financing program offered by the Hawaii Green Infrastructure Authority for low- to moderate-income homeowners and renters. It finances energy improvements (such as solar and storage) tied to the electric utility meter rather than a person, with repayment appearing as a charge on the borrower's monthly electric utility bill. The obligation transfers from ratepayer to ratepayer when a customer moves.
Program details
- Type
- loan
- Amount
- below-market, fixed rate of 5.5% per annum; long-term financing of up to 25 years
- Deadline
- rolling
- Eligibility
- Low- to moderate-income households (less than 140% of HHFDC's Area Median Income); Hawaiian Electric, Maui Electric, or Hawaiian Electric Light Company customer; minimum of 6 months of history with the Utility; Energy Improvement must be on the Approved EI List; Contractor must be a GEM$ Enrolled Contractor; post-installation, the Energy Improvement must meet estimated minimum savings standards (≥5% savings with 0 disconnection notices, ≥10% with 1–4, ≥15% with 5+); Energy Efficiency Contractor must also be a Hawaii Energy Clean Energy Ally
- Status
- open
- Administrator
- Hawaii Green Infrastructure Authority (HGIA)
Source: Hawaii — state program. Confirm current terms with the administering agency before applying.