POSTED: 11:31 a.m. HST, Sep 06, 2012
LAST UPDATED: 01:20 p.m. HST, Sep 06, 2012
The Kukui Plaza condominium association is taking aim at rising maintenance fees with the installation of a photovoltaic system atop the 32-story mixed use complex in downtown Honolulu that will significantly reduce its electricity bill.
The Association of Owners’ board of directors estimates it will cut electricity costs by about $23,000 a year by using the 200-kilowatt PV array to provide power for common areas, including elevators and lighting.
A large part of increasing maintenance fees has been rising electricity costs, according to the association.
The installation, done by Kailua-based Sunetric, required 47 helicopter lifts to hoist the panels and other components from the ground to the rooftop.
The system is expected to produce 397,545 kilowatt hours of electricity a year, offsetting about 32 percent of the association’s power needs.
It was not the same company and the deal did not include cheap or free electricity to the condo itself. It was merely a lease of the rooftop for staging a profit-making PV electrical generation installation. But the terms of the contract were absurdly one-sided and would have cost the condo owners considerable money over the lifetime of the contract. A clear net loss to their pocket books.
PV can clearly cut electric bills, as well as reduce consumption of oil and the resulting pollution. Tax credits make PV installations financially attractive. But there are unscrupulous PV contractors out there. And the company involved in the deal with my friend's condo board was one of the bigger ones. So buyer beware.