Hawaiʻi Green Infrastructure Authority

APPLY NOW: Additional $18M in GEMS Loan Capital Now Available

The Hawaii Green Infrastructure Authority (HGIA) is thrilled to announce the release of an additional $18 million in Green Energy Market Securitization loan capital to finance nonprofits, small businesses, rural health centers, and Hawaii’s underserved ratepayers.

Remaining funds will be made available on a first-come, first-served basis. Applications will be reviewed in the order completed applications (including all required documents) are received, until all remaining funds have been committed.

For new construction projects, upon loan approval, HGIA will work with you to coordinate the timing of the loan funding.

In order to further leverage this last remaining GEMS loan capital, HGIA will work with your traditional lender (e.g. bank, credit union, etc.)  to have them monetize the Federal and State tax credits, with HGIA essentially financing no more than 50% of total project costs.  Please note that Bank financing is welcome, though not required for those projects bringing at least 50% equity into the capital stack.

For developers interested in financing residential solar leases/solar power purchase agreements, applications continue to be accepted on an ongoing basis.  These applications are excluded from the one application limit described above.