Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

Maui Wind Energy Improvements Lower Electric Bills

MECO now able to make more efficient use of wind energy.
September 13, 2013

Maui Wind Energy Improvements Lower Electric Bills

For those of you who are in the market for a beautiful South Maui property but are concerned about energy costs, you'll be pleased to hear a recent bit of news from Maui Electric Co. (MECO). Thanks to improvements of their generator control systems and the full incorporation of the battery energy storage system at the Kaheawa Wind II farm, MECO is now using 91 percent of available wind energy compared to the 72 percent it was able to use before. This means better savings for customers.Maui Electric Company MECO

The primary concerns surrounding renewable energy sources involve their consistency. Wind can die down, and cloudy days can block solar energy, but the simple solution to these challenges is energy storage. If you've spent any length of time on Maui, particularly in our lovely South Maui area, you've probably noticed that the vast majority of days are sunny, even in the winter. Also, considering that the islands are smack dab in the middle of the Pacific Ocean, its a rare day that we don't have a good wind, whether it's a trade or a kona. In the event of storms, solar dies down, but the wind turbines are flying, and often enough, when the wind slows down, it happens to be sunny.

That being said, subtle fluctuations in wind and solar energy acquisition can make a big difference considering how many businesses and homes on Maui depend on stable energy, so it's great to hear that storage improvements are being made. So far, MECO has been able to reduce their use of the four generating units at the Kahului power plant while increasing their renewable energy use and saving Maui residents over $22 per year on average.

In the future, MECO plans to increase their wind energy usage to 95-98 percent of the energy generated by the wind farms, and that is expected to save another $10 per year for customers. It may not seem like a lot of money, but it's reassuring to know that they are working on bringing prices down instead of raising them.

MECO is planning to deactivate two of the four generating units at the Kahului power plant next year and the other two by 2019, the latter of which sounds like a conservative estimate. They also plan to modify their use of the generating units at the Maalaea power plant.

So far, renewable energy sources have made a big difference for Maui's needs. At the end of 2012, 21 percent of our electricity came from renewables. That's a big slice of the pie, and it's not surprising considering our isolation. Hopefully MECO will be able to continue incorporating renewable energy and finding better and better ways of keeping the energy consistent. We hope you've found this blog interesting and informative! Mahalo for reading this week!

RealEstateMauiHawaii.com - By Mark Harbison

Blogs for September 2013

8th Annual Maui Ukulele Festival

Posted on September 27, 2013
8th Annual Maui Ukulele Festival

Sometimes it's a good idea to take a break from our busy, productive lives for an enjoyable evening out. Even living in South Maui, things can get hectic, and work can be taxing, but there's a reason we choose to live our lives on this stunning… Continue Reading

Maui Real Estate Sales and Prices Rise in August

Posted on September 20, 2013
Maui Real Estate Sales and Prices Rise in August

The latest report from the Realtors Association of Maui has revealed that all categories in the Maui real estate market grew in August. A slow and steady increase is the best sign of reliability, so it's important not to take the odd… Continue Reading

Maui Wind Energy Improvements Lower Electric Bills

Posted on September 13, 2013
Maui Wind Energy Improvements Lower Electric Bills

For those of you who are in the market for a beautiful South Maui property but are concerned about energy costs, you'll be pleased to hear a recent bit of news from Maui Electric Co. (MECO). Thanks to improvements of their generator control systems… Continue Reading

New Qualified Residential Mortgage Standards

Posted on September 06, 2013
New Qualified Residential Mortgage Standards

Federal regulators recently dropped a proposal that would have encouraged mortgage lenders to require a 20 percent down payment from home buyers.

This was a significant decision for the real estate market, as it would have made it more difficult for first-time home buyers and those without… Continue Reading

Archives
Mark and Lisa

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design