Solar energy incentives come in several forms. There are solar rebates, where one is given an up-front lump sum payment and then there are programs like a feed-in tariff, where the energy producer is paid an amount for each kilowatt-hour (kWh) of electricity produced and fed onto the power grid. Last Wednesday, the state regulators in the Hawaii Public Utilities Commission voted to allow Hawaiian Electric Company, Hawaii Electric Light Company, and Maui Electric Company to offer a feed-in tariff program. Under this program, customers of these utilities who install a home solar power system will be paid 21.8 cents/kWh for any excess power they produce and feed onto the grid.
The decision to implement this program is part of the state’s larger goal of generating 70 percent of its electricity from renewable sources by 2030 (30 percent from energy efficiency and 40 percent from renewables). This aggressive strategy is driven by the fact that Hawaii is one of the most fossil-fuel dependent states and attractive incentives like the feed-in tariff program are hoped to reduce this dependence.
Those wishing to sign-up for the program can do so starting on October 27th on Oahu and on November 24th on the Big Island and Maui. Currently the program doesn’t cover Kauai as the grid is managed by Kauai Island Utility Cooperative. For more information visit www.dsireusa.org.
If you would like to find out more about installing solar, fill out our Free Evaluation form and qualified solar installers will contact you to provide free solar quotes for your home.