Electricity In Hawaii

There are 2 companies in Hawaii providing electricity. Of those 2, 100.00% of them offer some type of net metering option for their customers, making solar panels and alternative electric sources more economically viable. The state has highly restricted net metering and feed in tariffs that make solar and other types of electricity generation more attractive.

Hawaii electricity suppliers who report energy loss average roughly 4.54% of their energy lost per year. For comparison, the US average electricity loss is 2.76%. Hawaii has a rank of 10th best in the United States for energy loss.

When it comes to stimulating personal solar, tax and rebate incentives from the government are some of the easiest methods. Hawaii offers up to ,an impressive, $5000 state tax credit for solar panel purchase for private residences. The state offers no rebates to consumers who are installing private solar. Consumers in Hawaii have access to a 100% property tax exemption from the state that lasts less than 10 years. The state currently does not offer a sales tax exemption for the install of private solar, leaving homeowners on their own for this category.

Policies enacted at the state level affect whether customers in a state can afford to purchase personal solar systems or find electric plans that are based on renewable fuel sources. States that have Renewable Portfolio Standards (RPS) have requirements in place for all electricity providers who do business in the state. These standards require that a certain amount of electricity must be produced from renewable energy. The state of Hawaii makes it necessary for electric suppliers to produce at least 25% of their electricity from renewable fuel types. In addition, low income solar programs are another way states encourage renewable fuel sources and Hawaii is home to a program that does exactly that.