| Incentive Type: | Utility Rebate Program | ||
| Eligible Renewable/Other Technologies: | Solar Water Heat | ||
| Applicable Sectors: | Commercial, Residential | ||
| Incentive Amount: | Residential: $1,000; commercial: $125 per deferred kW, plus $0.05/kWh for retrofits and $0.06/kWh for new construction | ||
| Web Site: | http://www.heco.com/ portal/site/heco/menuitem.508576f78baa1434 0b4c0610c510b1ca/?vgnextoid=e3d95e658e0fc010VgnVCM100000 8119fea9RCRD&vgnextfmt=default |
||
|
|
| Summary: Note: Hawaiian Electric Company (HECO) and its subsidiaries are in the process of transferring their energy conservation and renewable energy programs over to a third party administrator. These programs will be funding by HECO through the end of this fiscal year. At the end of the fiscal year, program administration will transfer over to the third party administrator. As part of the Energy $olutions programs, Hawaiian Electric Company (HECO) and its subsidiaries, Maui Electric Company (MECO) and Hawaii Electric Light Company (HELCO), provide a one-time rebate to qualifying customers who install solar water heaters. The program, which began in June 1996, has supported the installation of more than 30,000 home solar water heaters in Hawaii. The Residential Energy $olutions program for solar water heater rebates offers $1,000 for retrofits or systems installed on new construction in the service territory of HECO, MECO or HELCO. The Commercial Energy $olutions rebate for solar water heaters is offered as a custom incentive on a case-by-case basis to HECO, MECO and HELCO customers. Commercial customers receive $125 per deferred kilowatt (kW) that is coincident with peak electric demands, plus $0.05 per kilowatt-hour (kWh) for retrofits and $0.06 per kWh for new construction, based on estimated annual energy savings calculated at time of installation. The utilities each provide a list of participating contractors that have agreed to comply with the programs’ rigorous standards regarding equipment use and installation. A participating contractor will visit the home or business, analyze the building’s hot water usage, and provide a bid for a complete installation, including the anticipated energy savings. When a system is installed, the contractor will instantly deduct the rebate from the installed cost of the system. The utility will perform a comprehensive post-installation inspection to ensure the system was installed to meet the proper standards. Customers may also qualify for the 35% Hawaii State Energy Tax Credit and the 30% federal tax credit for solar water heaters. |
|
|
|||
Contact:
|
|||
