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Your
Federal
Stimulus-
Funded
Program
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100% Financing 0% Interest
"Hot Water, Cool Rates" Loan Program
Financing Your Solar Water Heating System
Hawaii residents who finance a new solar water heating system to replace their old electric water heater through a
participating lender will now receive a bonus instant rebate of $750 for completing a simple questionnaire aimed at
improving Hawaii Energy’s programs. The program currently offers select financial institutions a $1,000 incentive to buy-
down the interest rate to 0% or a low rate for borrowers. This brings the total amount of assistance to $1,750.
The bonus rebates apply to all retrofit installations that are not already pre-approved by Hawaii Energy and are
purchased on March 21, 2011 or after. The decision to purchase a solar water heating system made prior to March 21,
2011, was not influenced by the bonus rebates therefore, no retroactivity will be made.
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Click here to request addition information.
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REHABILITATION LOAN BRANCH PROGRAMS
Low and moderate income homeowners who would like to repair their properties, but are
reluctant to do so because of the high costs may qualify for the City & County of Honolulu's
Rehabilitation Loan Program. This program provides zero or low interest loans to income-
qualified homeowners enabling them to repair their homes to meet basic housing quality
standards. A landlord loan program is also available to landlords who rent to low-income
tenants.
Solar Roof Water Heating Loans – This program provides financing for the installation of
solar water heating system to homes of income-qualified homeowners. Click here for loan
application
Home Page
Frequently Asked Questions
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Energy Efficient Mortgage
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Energy efficient mortgages came to be because of a nudge from the government to lenders in an effort to promote the use of solar energy as a
power source. Put another way, the government told lenders to do it and do it now. So, what exactly is an energy efficient mortgage? Glad you
asked.
An energy efficient mortgage is a loan that allows you to incorporate the cost of your solar improvements into your mortgage loan. The
improvements can cost up to 15 percent of the total value of your home. The lender will calculate the energy savings for you home because of
the new solar system and will add that to the total loan value, letting you borrow more than normal. Put another way, it doesn’t matter how much
equity you currently have in your home, the solar financing is added on top of the loan. This, of course, lets you get a solar system without much
out of pocket expense and you get to recover a good chunk of the cost through an increased mortgage interest deduction. Throw in tax credits,
rebates and net metering incentives, and solar is getting mighty cheap if you know how to work the system.
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Dan Hara
Investment Advisor Representative
810 Gulick Avenue, Suite 102
Honolulu HI, 96819
Phone: (808) 528-1884
danhara@clearwire.net
www.tamarinfinancial.com
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Our company is built on a solid foundation of excellent client service and in-depth market
knowledge. The mission of Tamarin Financial Group is to increase awareness in the
importance of investing for the future and to find the very best financial products for our
customers.
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