Sunday, February 25, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, January 13, 2016
HB1524: Obama Opens Door to Home Energy Project Loans
By Rep Cynthia Thielen @ 8:45 PM :: 4227 Views :: Energy

Clean-energy bill gives property owners easier loan option for upgrades

News release from Office of Rep Cynthia Thielen, January 13, 2016

With property owners facing financial obstacles in their quest to install energy-maximizing and –saving upgrades, Rep. Cynthia Thielen (Kailua, Kaneohe Bay) has drafted HB1524, which introduces a loan program based on a property's tax-assessment value.

Residential and commercial properties valued at more than the total amount owed to the mortgage lender may qualify for the Hawaii property-assessed clean-energy program (PACE). If passed, the new Act would take effect July 2016 with loans up to $250,000 distributed through December 2040.

The new option would add Hawaii to the majority of states that have enacted similar legislation; increase activity in energy projects; stimulate the State's clean energy sector; and create more jobs. It would also help Hawaii to reach its clean-energy target – generating all of Hawaii's electricity through renewable-energy sources – by 2045.

"This legislation gives Hawaii property owners easier access to loans so that they can reduce their energy expenses and also help the environment," Representative Thielen said.

Examples of loan-qualifying energy projects include air sealing and ventilation; insulation; reflective roofs; skylights; solar photovoltaic systems; and wind systems.

A bill proposing similar measures failed passage in 2010, due to the Federal Housing Finance Agency's concerns about which lien – mortgage or loan -- had repayment priority. However, following President Obama's clean-energy announcements in 2015, federal guidelines were established. Under the direction of the Department of Business, Economic Development and Tourism, the lender would pay the loan amount to the energy business hired to complete the service and the loan would be repaid through revenues generated by a special assessment on the borrowers' real-property tax bills.


HNN: Bill would give homeowners loans to make energy-saving upgrades


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii