Clean Energy Loan

Finance the purchase and installation of your residential
clean energy system with ASB's Clean Energy Loan
(full list of participating contractors)

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Download Application  |  Consumer Loan Fee Schedule

Solar panels on roof in Hawaii

Clean Energy Loan
Product Features & Benefits

  • As low as 7.62% APR*

  • Loans From $1,500 to $70,000*

  • 0.00% Initial Period for 12 months

  • 5.50% Interest-Only Period for 6 months (months 13 to 18)

  • A fixed rate, fully amortized Principal & Interest Period for 102 months (months 19 to 120)

  • No prepayment penalty

  • Free Online Banking with eStatements

  • Use the Hawaiian Electric Locational Value Map to see if a power grid is available near you

Interested in learning more?

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Current Rates

View our loan and line of credit interest rates

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Clean Energy Loan Checklist

Use this helpful checklist to prepare for your loan application

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Clean Energy Loan Product Guide

Additional product information and what you need to know

Common Questions:

Participating contractors are listed alphabetically and are exclusively compatible with the Clean Energy Loan. Participation is subject to change without notice, please check with contractor on eligible residential clean energy systems. At loan closing, 50% of the loan amount is disbursed to your contractor, and the remaining 50% is disbursed to your ASB personal checking account for you to pay your contractor according to the terms of your agreement with it. If you don’t already have an ASB personal checking account, you must establish one to receive the loan funds.

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Getting Started with Clean Energy Financing

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Understanding Interest Rates

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* The Clean Energy Loan (loan program) is subject to borrower(s’) qualification and meeting underwriting guidelines. The initial interest rate is 0.00% for the 12-month Initial Period followed by a 6-month 5.50% Interest-Only Period, then a Principal & Interest Period for 102 months. Loan program is subject to change or cancelation without notice. Loan terms, interest rate and Annual Percentage Rate (APR) for qualified borrower(s) will be based on borrower(s’) credit worthiness. 50% of the loan amount is disbursed to the borrower(s’) ASB personal checking account and 50% of the loan amount is disbursed to the contractor at loan closing. Based on a loan amount of $25,000, in the Initial Period at an interest rate of 0.00%, there are no monthly payments ($0.00) during the first 12 months followed by the Interest Only Period payments of $116.78 at 5.50% in months 13 to 18 (6 months after the Initial Period) and the Principal & Interest Period payments of $364.78 at 9.99% for 102 months (months 19 to 120). The interest rate used in the example is as of 2/21/2024 and results in a 7.62% APR. Please refer to the current Loan Rate sheet or call us for current rates. Available only for financing the purchase, installation, and other eligible costs associated with the purchase/installation of a qualified residential clean energy system from an ASB participating contractor. Qualified systems are residential photovoltaic (PV), solar water heater, solar PV water heating systems, solar air conditioning, and battery backup/storage systems. Rates are subject to change at any time without prior notice. 

Borrower(s) should take reasonable steps to review third parties and systems as ASB does not make representations or warranties on third parties, participating or non-participating contractors, or qualified residential clean energy systems.