HI SB2684

Establishes a Hawaii Clean Energy Investment Bond Program beginning July 1, 2011 through December 31, 2030 to finance renewable energy systems and energy efficiency improvements on residential and commercial properties through property tax assessments.

Authorizes the State to issue general obligation bonds in the amount of $50,000,000 to lend proceeds to individual property owners for eligible projects, with repayment tied to property tax bills rather than the individual borrower.

Defines eligible renewable energy systems as solar hot water, solar photovoltaic, small wind, and biogas systems; defines energy efficiency improvements to include air sealing, insulation, heating/cooling, water heating, lighting, windows, roofs, and pool equipment.

Requires the Department of Business, Economic Development, and Tourism to contract with a third-party administrator to manage the program, establish qualification criteria, conduct energy audits, and handle loan distribution and collection through county property tax systems.

Requires counties to voluntarily participate through ordinance and agree to collect loan repayments via property tax assessments; allows counties to establish independent clean energy bond programs without State involvement.