In June 2004, the Honolulu City Council approved Bill 14, including a $7.85 million bond for solar and energy-efficiency retrofits for Honolulu public buildings. The bond measure will fund lighting or air-conditioning improvements in municipal buildings across the island, as well as photovoltaic (PV) installations on city buildings in Kapolei. By bundling solar with energy efficiency, projects can be structured so that energy savings exceed debt service and will be immediately revenue-positive. The Honolulu bond will attempt to replicate the $100 million solar bond measure passed by San Francisco voters in November 2001. The bond is expected to save almost 6 million kilowatt-hours (kWh) of electricity a year and have a net present value of approximately $1.3 million over the life of the project.
|Incentive Type:||Bond Program|
|Administrator:||Councilmember Charles K. Djou|
|Eligible Renewable/Other Technologies:||Solar Photovoltaics,Lighting,Air conditioners|
|Name:||Honolulu City Council Bill 14 (2004)|
|Name:||Lori Gorospe Wingard|
|Organization:||Councilmember Charles K. Djou|
530 S. King Street
Honolulu HI 96813
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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