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Hawaii's First FIT is on Maui

Selling power back to the utility provider with a PV system largely paid for by tax credits.
January 14, 2011

Hawaii's First FIT is on Maui

Kihei Real Estate

By Mark Harbison

A feed-in tariff is a policy mechanism to encourage renewable energy use where it is as affordable as grid power (known as grid parity).  Doug McLeod is Maui's incoming energy administrator and he has installed a photovoltaic system on the roof of his commercial property in Kihei. This happens to be the state's first feed-in-tariff photovoltaic system.

McLeod's system was installed by ProVision Solar, a company based in Hilo, and cost $50,000. However, 65 percent of that cost can be offset by state and federal tax credits. When the system is up and running, it is estimated that it will produce 10,220 kilowatt hours of electricity every year, which will be provided to Maui Electric, earning him $2,200-$2,800.

Kihei real estate is the perfect choice for harnessing solar power, thanks to how frequently sunny it is, but McLeod is having another system installed on the roof of his commercial property in Wailuku as well. This one is expected to be operational within a couple of weeks, but it would be interesting to know how it will perform compared with the other. Kihei is typically much sunnier than Wailuku.

Participating in this feed-in-tariff program involves selling energy back to the utility provider for 20 years at a fixed rate. This program now applies to Oahu, Maui and the Big Island. Those of you with any interest in not only removing your own electric bill, but making money off a photovoltaic system should look into this. Not only are there tax credits, but some Maui solar companies offer financing so you can pay for your system over time, instead of fronting a large sum of money at the start. This way, payments could be made with money made by selling the energy back to the utility provider. It is something worth researching.

Hopefully you have found this blog interesting and it has given you some ideas on minimizing your cost of living on Maui. If you need any assistance, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for January 2011

Highlight on South Maui's Stella Blues Restaurant

Posted on January 28, 2011
Highlight on South Maui's Stella Blues Restaurant

By Mark Harbison

South Maui is a great place to live. That's partly thanks to its many great restaurants with great food and great deals. Stella Blues at Azeka II in Kihei is one of those.

This is a great restaurant for a laid-back, relaxing meal… Continue Reading

Ohana Kai Village EIS Roadblocks

Posted on January 21, 2011
Ohana Kai Village EIS Roadblocks

By Mark Harbison

The Ohana Kai Village affordable housing project in Maalaea is coming up against some environmental stumbling blocks. Apparently, the Maui Tomorrow Foundation and the Maalaea Community Association have declared via suit in the 2nd Circuit Court that the final environmental impact statement (EIS) is… Continue Reading

Hawaii's First FIT is on Maui

Posted on January 14, 2011
Hawaii's First FIT is on Maui

By Mark Harbison

A feed-in tariff is a policy mechanism to encourage renewable energy use where it is as affordable as grid power (known as grid parity).  Doug McLeod is Maui's incoming energy administrator and he has installed a photovoltaic system on the roof of his… Continue Reading

South Maui Sustainability Conference

Posted on January 07, 2011
South Maui Sustainability Conference

By Mark Harbison

On Wednesday, January 12th, South Maui Sustainability (SMS) will be presenting A Preview of the 10th Annual Maui Aloha Aina Body and Soil Conference. For those of you who are interested in getting off the grid in a tropical beach paradise location, a Wailea home may… Continue Reading

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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