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Maui Electric Bills at Lowest Cost in Five Years

Hawaii's electric bills are at their lowest cost since 2010.
November 20, 2015

Maui Electric Bills at Lowest Cost in Five Years

Buying Maui Real EstateSome recent good news that's come down the pipeline is that Hawaii electric bills are at their lowest in five years this month. That includes customers of Hawaiian Electric Co., Maui Electric Co. and Hawaii Electric Light Co. The primary reason is dropping fossil fuel prices, but regardless of the source, it's a happy circumstance for residents throughout the islands.

According to Darren Pai, a spokesman for Hawaiian Electric, the utility considers it critical to continue pursuing 100% renewable energy from diverse sources to keep energy bills low. That way, fossil fuel prices won't impact the cost of our energy in the first place. At this point, Hawaiian Electric Co. gets 22 percent of its energy from renewable sources, and progress is being made quickly, which is good news for those looking forward to buying Maui real estate.

According to the report, Hawaiian Electric and Maui Electric customers are getting the lowest monthly bills in over five years. Hawaii Electric Light customers are getting their lowest monthly bills in over six years. There was also an interesting breakdown to the typical cost of an electric bill by island.

The typical residential bill on Oahu was $132.32 per month, the lowest since June of 2010. Also at their lowest cost since that year were the islands of Maui County. The typical residential bill on Maui was $141.57 per month, while Molokai's was $132.73 per month, and Lanai's was $138.86 per month. Meanwhile, the Big Island's bills were highest at $163.20, which haven't been that low since July of 2009.

It was interesting to see that an electric bill on Maui was only about $9 higher than Oahu, but that the Big Island's bill was around $21 more than on Maui, and about $30 more than on Oahu. Considering the high quality of life that you can expect if you choose to live and possibly buy real estate on Maui, the marginal increase is probably worth it. That's true especially if you like a lower population density and more space overall. On that note, if you need assistance with your Maui real estate search, we would be happy to help you through every step of the process. You'll find our contact information at the bottom of the page if you need us. Mahalo!

Blogs for November 2015

Special Rates for Maui Residents at Four Seasons Resort Maui at Wailea

Posted on November 27, 2015
Special Rates for Maui Residents at Four Seasons Resort Maui at Wailea

The benefits of living in South Maui are too numerous to mention, but every once in a while we get an extra special perk come up, and we wanted to share one of those with you. The Four Seasons… Continue Reading

Maui Electric Bills at Lowest Cost in Five Years

Posted on November 20, 2015
Maui Electric Bills at Lowest Cost in Five Years

Some recent good news that's come down the pipeline is that Hawaii electric bills are at their lowest in five years this month. That includes customers of Hawaiian Electric Co., Maui Electric Co. and Hawaii Electric Light Co. The primary reason is… Continue Reading

Beautiful Wailea Homes in the Kanani Community

Posted on November 13, 2015
Beautiful Wailea Homes in the Kanani Community

If you're in search of beautiful Wailea real estate in a peaceful neighborhood, we may have just the community for you. Located only a couple minutes away from some of South Maui's most beloved beaches, the exclusive gated Kanani community is peaceful, scenic, and… Continue Reading

Rising Maui Visitor Arrivals and Spending

Posted on November 06, 2015
Rising Maui Visitor Arrivals and Spending

Maui is a force to be reckoned with when it comes to the visitor industry. Those in search of South Maui homes and condos enjoy the option of renting out their future property to visitors in order to make some extra cash. What makes these… 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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