If you are a residential or commercial resident in Maui with rooftop solar, you can sign up for the Hawaiian Electric program to get incentivized for adding energy storage capacity.
The Battery Bonus program offers Maui customers a one-time cash incentive and monthly bill credits when they add batteries. These batteries can be existing or new solar energy systems, as per the news release on June 2, 2022.
They commit to paying $850 for every kilowatt of battery for the next 10 years. Based on these estimates, a 5-kilowatt system can earn you a $4,250 cash bonus. With this program, customers will receive a monthly bill credit for a decade.
The program was introduced because Maui was facing issues in finding energy sources and was unable to find the parts needed to fix the generators of the Maalaea power plant of Maui. If they are unable to secure the spare parts, they might have to close down the power plant.
If any Maui resident wants to learn about the solar battery storage program, visit hawaiianelectric.com/battery bonus. Applications will be accepted through June 30, 2022, or until they reach capacity.
Why Sign Up for The Hawaiian Electric’s Battery Bonus Program?
Maui residents can sign up for the program to get a cash incentive for added energy storage to provide support to the grids as fossil fuel power plants. The Public Utilities Commission has approved paying one-time cash incentives and monthly bill credits for residential and commercial customers. They have capped the Maui program at 15 megawatts (MW) and have left the cap in case additional capacity is required.
After the approval of the Battery Bonus, it is expected that Hawaiian Electric’s position will improve in the reserve margins and will provide continuous electricity supply reliability.
If you’re looking for the best solar panel company Maui has to offer to install a solar panel system at your place of business or residence, in order to then to register Hawaiian Electrics Battery Bonus offering, contact WikiWiki Solar & Electric. Our team of certified professionals will take care of you from end-to-end providing best in class customer service and warranties on the island.