Loss of tax credits might dim solar industry

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Feb 05, 2013

~~<p>The stampede by local homeowners and businesses to install solar photovoltaic systems maintained its blistering pace in 2012 with Hawaiian Electric Co. reporting more PV installations than in the six previous years combined.</p>
<p>HECO customers in Oahu, Maui and Hawaii counties installed 92.8 megawatts of PV-generating capacity last year as they looked for ways to blunt the impact of the state's high electric rates, which are triple the national average. The increase was more than double the 38.3 megawatts installed in 2011, and brought the utility's cumulative PV capacity to 171.3 megawatts, or enough electricity to provide the needs of about 35,000 homes using 600 kilowatt-hours a month.</p>
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The stampede by local homeowners and businesses to install solar photovoltaic systems maintained its blistering pace in 2012 with Hawaiian Electric Co. reporting more PV installations than in the six previous years combined.

HECO customers in Oahu, Maui and Hawaii counties installed 92.8 megawatts of PV-generating capacity last year as they looked for ways to blunt the impact of the state's high electric rates, which are triple the national average. The increase was more than double the 38.3 megawatts installed in 2011, and brought the utility's cumulative PV capacity to 171.3 megawatts, or enough electricity to provide the needs of about 35,000 homes using 600 kilowatt-hours a month. Login for more...