Hawaiian Electric is offering a cash incentive and bill credits to customers in Oahu and Maui who add a battery to their existing or new rooftop solar system. This program is part of the company's effort to reach its goal of 100% clean energy by 2045 and to replace fossil fuel-powered generators. Incentive programs are designed to reward customers for using or producing electricity at certain times of the day. Grid services are tools that help Hawaiian Electric maintain a reliable and secure electrical grid.
By providing these services, customers who participate in incentive programs can help Hawaii reach its clean energy goals and ensure a safe and secure grid for everyone. Hawaiian Electric uses many network services to ensure a reliable and secure network, but the following are related to customer incentive programs:The Rapid Demand Response (DR) program provides commercial customers in Oahu or Maui County with cash rewards for temporarily reducing their electricity consumption during peak energy demand periods. Homeowners and businesses that already have a solar system enrolled in a customer energy program, such as Net Energy Metering, Customer Grid Supply, or others, will continue to receive all the benefits of these programs. Hawaiian Electric is also introducing a new model in its demand response program that uses aggregators to provide network services in Oahu and Maui County. Contractors can take advantage of Quick Connect, an existing pre-approval program that allows customers who meet certain requirements to install and energize their systems first and then send information about their systems to Hawaiian Electric later. Hawaiian Electric has worked with Hawaii's solar industry to add new incentives and make other improvements to the program.
The company expects the Battery Bonus program to accelerate renewable energy generation on Oahu and encourages customers to apply for it. Participants will receive tax forms from Hawaiian Electric and the company will submit information to the IRS and the Hawaii Department of Taxation. For the one-time payment for capacity, Hawaiian Electric initially planned to create a tiered system for Oahu participants, with the incentive gradually decreasing over time. Additionally, Hawaii Energy now offers discounts and inspections for solar water heating systems, while Hawaiian Electric, in partnership with Maui County, is offering this program to eligible Maui County residents. Incentive programs are an effective way for Hawaiian Electric customers to reduce their electricity bills while helping Hawaii reach its clean energy goals. By participating in these programs, customers can receive cash rewards or bill credits for reducing their electricity consumption during peak demand periods or installing solar systems with batteries.
Additionally, Hawaiian Electric has worked with Hawaii's solar industry to add new incentives and make other improvements to the program.