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Hawaii Smart Grid to Get $5.3M

Smart Grid investment from Fed expected to save money in long term.
November 06, 2009

Hawaii Smart Grid to Get $5.3M

Maui Real Estate For Sale in Hawaii

By Mark Harbison

A couple of weeks ago, we blogged about the development of Smart Grid technology which keeps track of and reduces energy consumption in homes. Smart Grid monitors peak energy consumption times and powers off appliances and other items powered by electricity during those times. Using electricity at peak hours is more expensive, so those who have Smart Grid technology installed in their homes should save money with it. Reducing energy consumption during peak hours also takes pressure off the grid, allowing more power from renewable sources to be used.

President Obama announced on Tuesday that the federal government has set aside $3.4 billion in Smart Grid Investment Grants through the American Reinvestment and Recovery Act of 2009. This money will facilitate the implementation of Smart Grid technology in parts of the U.S. where it is being tested, such as Wailea here on Maui.

Because Smart Grid technology is being implemented in Wailea, the largest resort community where it is currently being tested, Hawaii is expected to receive $5.3 million in funding for it. On a national level, the $3.4 billion will be matched by industry funding which should bring the number up to $8billion, according to the White House.

Smart Grid technologies are expected to reduce electricity use by over 4% nationwide, saving consumers $20.4 billion by 2030, according to an analysis conducted by the Electric Power Research Institute.


To find the perfect Maui property for you, feel free to use our online real estate search tool. Also, we recommend you take a look at our featured Maui properties. If you need any help with our website or your pursuit of great Maui real estate, please send an email to Mark mark@realestatemauihawaii.com or Lisa lisa@realestatemauihawaii.com. You can also call (866) 874-1942 toll free or Lisa's cell at (808) 283-7426. Thanks for reading and have a wonderful weekend!

Blogs for November 2009

Lower Hotel Room Rates on Maui Benefit Visitors

Posted on November 27, 2009
Lower Hotel Room Rates on Maui Benefit Visitors

By Mark Harbison

Hotel room rates on Maui dropped 16 percent as of November 14th to an average of $188 per night. Of course, mid-November is one of the slowest times of the year for the Hawaii visitor industry, which tourists should keep in… Continue Reading

Good National Outlook for Housing Market

Posted on November 20, 2009
Good National Outlook for Housing Market

By Mark Harbison

While some degree of optimism is necessary for the Realtor who is determined to be successful, it sure is reassuring when the National Association of Realtors (NAR) shares the same outlook.

The recent news reports say the the home buyer tax credit has improved… Continue Reading

Maui Real Estate Sales Statistics

Posted on November 13, 2009
Maui Real Estate Sales Statistics

By Mark Harbison

The numbers are in for Maui real estate sales, and we'll get to them in a minute, but first, the good news from congress. The first-time home-buyer tax credit has been extended to April 30th, 2010.

For those of you who aren't familiar, the Federal… Continue Reading

Hawaii Smart Grid to Get $5.3M

Posted on November 06, 2009
Hawaii Smart Grid to Get $5.3M

By Mark Harbison

A couple of weeks ago, we blogged about the development of Smart Grid technology which keeps track of and reduces energy consumption in homes. Smart Grid monitors peak energy consumption times and powers off appliances and other items powered by electricity during those… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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