Central Pacific Bank can provide smart homeowners like you with the financing needed to purchase and install a Photovoltaic (PV) system in your home. The PV Power Loan is a fixed rate, unsecured loan with no interest and no monthly payments in the first 18 months. After the first 18 months, we offer repayment terms of 60 or 72 months which gives you the flexibility to choose a monthly payment plan that fits your budget.

  • No Down Payment
  • No Application Fee or Document Preparation Fee
  • No Pre-Payment Penalties
  • Flexible Repayment terms (60 months or 72 months)
  • Quick loan approval process
  • For single-family homes and condominiums (1-4 units) in Hawaii
  • Loan amounts from $10,000 to $50,000
  • No added mark ups by our approved contractors

Based on a loan amount of $20,000
  First 18 Months After the first 18 months,
repayment terms of:
PLAN A No Monthly Payment, 0% APR 60 Months with
Monthly Payments of $413.
PLAN B No Monthly Payment, 0% APR 72 Months with
Monthly Payments of $358.
See below example for details.


Once you meet with your PV contractor to work out the details of your PV installation, bring your final purchase estimate in to any Central Pacific Bank branch to apply for a PV Power Loan. Upon credit approval, we’ll take it from there and work with your contractor to get you started on the path to energy efficiency!

Approved contractors:

Example 4/1/2014  
  Initial Terms Repayment Terms Life of Loan
Term(months)
Annual
Percentage
Rate*
Loan amount of $20,000 Initial Term (months) Interest Rate Monthly Payment Repayment Term
(months)
Interest Rate Monthly
Payment
PLAN A 18 0.00% $0 60 8.79% $413 78 5.40%
PLAN B 18 0.00% $0 72 8.79% $358 90 5.73%

*APR is accurate as of 04/1/2014. APR is based on a 0.25% discounted interest rate when payments are automatically made from a CPB checking account. If automatic loan payment is selected and later canceled, the interest rate will be increased by 0.25% and the monthly payment would increase. The loan amount cannot exceed the contract amount for the photovoltaic system (materials and labor, sales tax, extended manufacturer’s warranty) with a Central Pacific Bank participating photovoltaic contractor or company. Maximum loan amount: $50,000. Offer limited to Hawaii residents and Hawaii residential property (1-4 units). This loan program is subject to change or cancellation at any time without notice. Credit application required and subject to credit approval. Certain restrictions apply.