summary
Introduced
01/23/2025
01/23/2025
In Committee
03/18/2025
03/18/2025
Crossed Over
02/27/2025
02/27/2025
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
Authorizes the Clean Energy and Energy Efficiency Revolving Loan Fund to be used to provide financial assistance to underserved ratepayers, in addition to other eligible borrowers. Appropriates funds into and out of the Clean Energy and Energy Efficiency Revolving Loan Fund. Effective 7/1/3000. (SD1)
AI Summary
This bill expands the Clean Energy and Energy Efficiency Revolving Loan Fund's capabilities to provide financial assistance to a broader range of "underserved ratepayers," which includes state and local governments, low and moderate-income homeowners, renters, nonprofits, small businesses, and multi-family rental projects. The bill aims to address financing gaps for clean energy investments, particularly rooftop solar plus storage systems, by allowing the Hawaii Green Infrastructure Authority to offer low-cost loans at below-market rates to these previously underserved groups. Recognizing that existing federal solar funding is limited to only low-income households and specific census tracts, the legislation seeks to provide additional capital to help Hawaii meet its 100% renewable energy portfolio standard goal by 2045, reduce carbon emissions, decrease reliance on imported fossil fuels, and stabilize the electrical grid. The bill includes an appropriation of funds (with the specific amount to be determined) to be deposited into and used from the revolving loan fund during the 2025-2026 fiscal year, with the money to be administered by the Hawaii Green Infrastructure Authority for providing loans and financial assistance to eligible clean energy project borrowers.
Committee Categories
Agriculture and Natural Resources, Budget and Finance, Government Affairs
Sponsors (17)
Luke Evslin (D)*,
Tina Grandinetti (D)*,
Ikaika Hussey (D)*,
Kirstin Kahaloa (D)*,
Susan Keohokapu-Lee Loy (D)*,
Darius Kila (D)*,
Lisa Kitagawa (D)*,
Trish La Chica (D)*,
Nicole Lowen (D)*,
Lisa Marten (D)*,
Tyson Miyake (D)*,
Amy Perruso (D)*,
Mahina Poepoe (D)*,
Sean Quinlan (D)*,
Adrian Tam (D)*,
David Tarnas (D)*,
Chris Todd (D)*,
Last Action
Carried over to 2026 Regular Session. (on 12/08/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
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