"Excellent service with very friendly and helpful staff!"
- Rosemary
For a limited time, every loan funded during the promotional period receives a $250 cash bonus. Eligible loan applications must be submitted between June 1st and June 30th, 2026.
Why get a Solar Water Heating loan from HFS?
Save money and the environment! When you install a solar water heater you not only save up to 40% on your monthly electric bill, but you’ll be an environmentally conscious homeowner by using the sun to warm your water. Explore all the features
0.00% APR1
Terms up to 60 months
Borrow from $5,000 - $10,000
No closing costs
No down payment
No prepayment penalty
The process was easy and I would recommend HFS to my family and friends.
Additional info
Hawai’i Energy is a ratepayer-funded conservation and efficiency program administered by SAIC under contract with the Hawai’i Public Utilities Commission, serving the islands of Hawai’i, Lanai, Maui, Molokai, and Oahu.
Helpful links
Questions?
Drop us a message anytime with your questions or schedule an appointment with a loan officer.
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1APR = Annual Percentage Rate. 0.00% APR is effective June 1, 2026, and applies to personal loans used for the purchase and installation of a solar water heating system from an approved contractor participating in Hawai‘i Energy’s Solar Water Heating Loan Interest Buy-Down Program. Loan amounts range from $5,000 to $10,000, with terms up to five (5) years. Estimated monthly payment on a $7,000 loan at 0.00% APR for 60 months is $116.67.
All loans are subject to HFS Federal Credit Union loan policies and subject to credit approval. Refinances of existing HFS Federal Credit Union loans are not eligible for this offer. This program is offered in conjunction with Hawai‘i Energy and is not affiliated with HFS Federal Credit Union. Loan programs are subject to change or termination at any time. Consult your tax advisor regarding applicable federal and state tax credits.
2Eligible loan applications must be submitted between June 1, 2026, and June 30, 2026. Membership with the credit union is required. Membership is open to individuals who live, work, worship, attend school, volunteer, or participate in associations headquartered on the island of Hawai‘i. A minimum deposit of $50.00 is required to open a savings account.
Qualified members will receive a $250 bonus, which will be deposited into their savings account upon loan funding. This bonus is considered taxable income by the Internal Revenue Service and will be reported on Form 1099-INT. Limit one bonus per member.
Offer ends June 30, 2026. Federally insured by NCUA.
All features
0.00% APR1
Terms up to 60 months
Borrow from $5,000 - $10,000
No closing costs
No down payment
No prepayment penalty
Get started by contacting an approved contractor today
May qualify for State and Federal tax credits2
Apply for a Solar Water Heating Loan
New Members
Complete your application online or visit your nearest HFS branch to meet with a Loan Officer.
Current Members
Log in to Online Banking for a quicker application process.
If you prefer to complete your application in-branch with a Loan Officer, please visit us at your nearest HFS branch location.
Open Account
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