Hawaii Energy offers limited time BONUS rebates for qualified residential solar hot water installations

Hawaii Energy offers limited time BONUS rebates for qualified residential solar hot water installations

3/17/2011 Filed under Press Releases

Hawaii Energy offers limited time BONUS rebates for qualified residential solar hot water installations.

HONOLULU (March 17, 2011) – For a limited time, starting March 21, 2011, Hawaii residents on Oahu, Maui County and Hawaii Island will be able to take advantage of rebates up to $1,750 when they replace their old electric water heaters with solar water heaters. The increased rebates are made possible through the American Recovery and Reinvestment Act (ARRA) and State Energy Program (SEP) fund, and will be available through May 31, 2011 or until the funds are exhausted.

The bonus rebates apply to all retrofit installations that are not already pre-approved by Hawaii Energy and are purchased between March 21 and May 31, 2011. Residents have two simple options for the offer:

FINANCED SYSTEMS
Under Hawaii Energy’s “Hot Water, Cool Rates”, Program, Hawaii residents who finance a new solar water heating system to replace their old electric water heater through a participating lender will now receive a bonus instant rebate of $750 for completing a simple questionnaire aimed at improving Hawaii Energy’s programs. The program currently offers select financial institutions a $1,000 incentive to buy-down the interest rate to 0% or a low rate for borrowers. This brings the total amount of assistance to $1,750.

CASH PURCHASED SYSTEMS
For Hawaii residents who replace their electric water heater with a solar water heating system, without financing through the “Hot Water, Cool Rates” Program, receive this limited time bonus rebate of $750. This will double the current $750 instant rebate to $1,500.

“We’re glad to be able to offer these bonus rebates to help residents take advantage of the benefits of solar water heating in these tough economic times,” said Ray Starling, Hawaii Energy’s Program Manager. “Solar water heating significantly reduces electricity usage and helps to lessen our state’s dependence on imported oil. It is a cornerstone of our clean energy efforts.”

Water heating costs can account for 30%-40% of the average Hawaii residential electric bill in a non-air conditioned home. A solar water heating system harnesses the sun’s heat to generate 90 percent of the energy needed to heat the water, resulting in savings of about $10 to $15 per person, per month, on average.

To take advantage of this offer, a list of Hawaii Energy’s participating Solar Contractors and Lenders can be found at http://hawaiienergy.com/94/hot-water-cool-rates. Installations are completed in one day and include a free 100-point quality inspection by Hawaii Energy.

For more information on Hawaii Energy programs, call (808) 537-5577, toll-free (877) 231-8222 or visit http://hawaiienergy.com.

*About Hawaii Energy: Hawaii Energy is a ratepayer-funded conservation and efficiency program administered by SAIC under contract with the Hawaii Public Utilities Commission serving the islands of Hawaii, Lanai, Maui, Molokai, and Oahu.

Media Contact:
Crystal Ingalls
Crystal.T.M.Ingalls@saic.com
808-521-2021
 

Please check below Hawaii Energy Link for the current Rebate situation:

http://www.hawaiienergy.com/news/view/57

Rebate amount may change soon depending on running out of Federal Funding.

Don't Wait.