Honolulu - Solar Bond (Hawaii)
Last modified on February 12, 2015.
Rules Regulations Policies Program
|Name||Honolulu - Solar Bond|
|Incentive Type||Green Power Purchasing|
|Applicable Sector||Local Government|
|Eligible Technologies||Photovoltaics, Unspecified technologies|
|Energy Category|| Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
|Percent Renewables|| 7.85 million bond
|Date added to DSIRE||2004-07-03|
|Last DSIRE Review|| 2005-06-15
On June 4, 2004, 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, originally proposed by Mayor Harris at a $10 million level but later reduced by the Budget Committee, will fund lighting or air-conditioning improvements in municipal buildings island wide as well as photovoltaic installations in 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 successful $100 million solar bond passed in San Francisco by voters in November 2001. The bond is expected to save almost 6 million kWh of electricity a year and have a net present value of approximately $1.3 million over the life of the project.
Authorities (Please contact the if there are any file problems.)
|Authority 1||Honolulu City Council Bill 14 (2004)|
|Date Enacted|| 2004-06-04
|Contact Name||Lori Gorospe Wingard|
|Department||Councilmember Charles K. Djou|
|Address||530 S. King Street|
|Address 2||Room 202|
|Phone|| (808) 527-5683
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.