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)


Download Application  |  Consumer Loan Fee Schedule

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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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HECO Battery Bonus Program

Get paid a cash incentive for customers on Maui to add energy storage (battery) to an existing or new rooftop solar system

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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

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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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* 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 and interest period for 102 months. Loan program is subject to change or cancellation without notice. Loan terms, interest rate and Annual Percentage Rate (APR) for qualified borrower(s) will be based on borrower credit worthiness. 50% of the loan amount is disbursed to the borrower’s American Savings Bank (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 and an initial term (12-months) at an interest rate of 0.00%, there are no monthly payments ($0.00) during the first 12 months of the initial period followed by monthly interest-only payments of $116.78 at 5.50% in months 13 to 18 (6 months after the initial period). Then, 102 months of fixed principal and interest payments of $364.78 (based on a fixed interest rate of 9.99%). The interest rate used in the example is as of 02/19/2024 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.

ASB does not perform due diligence or does not make representations or warranties on third-party, participating or non-participating contractors, and qualified residential clean energy systems. Borrower should take reasonable steps to review third parties and systems.