Hawaii plans to sell $150 million in taxable bonds in November to fund a program to provide low-interest loans targeting residents with poor credit or low income who want to install energy savings devices like solar panels on their homes.

While somewhat similar in concept to PACE (Property Assessed Clean Energy), the bonds would be repaid from a surcharge on the bills of Hawaii Electric customers, not added to the property tax bill.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry