HAWAII ENERGY DELIVERS RECORD ENERGY SAVINGS ON REDUCED BUDGET
By HJ Mai, Web Editor/Energy Reporter, Pacific Business News
Article Link: https://www.bizjournals.com/pacific/news/2017/12/01/hawaii-energy-delivers-record-energy-savings-on.html?surround=etf
Hawaii Energy, the state’s ratepayer-funded energy conservation and efficiency program, has achieved the highest level of energy savings in its eight year history during the most recent program year.
According to the organization’s annual report for program year 2016, which was released Thursday, Hawaii Energy helped to deliver 141 million kilowatt-hours in first-year savings from July 1, 2016 through June 30, 2017, and 1.76 billion kWh in lifetime energy savings.
The savings delivered this past cycle are the equivalent of building a 90 megawatt solar farm, the organization said. “The numerous island families and local businesses who participate in Hawaii Energy programs are contributing to approximately $440 million in savings over the life of their installed energy efficiency measures,” Hawaii Energy Executive Director Brian Kealoha said in a statement. “That money stays right here in our state’s economy and serves as a multiplier that stimulates growth and creates local jobs at a time when many are struggling to make ends meet.”
It is worth noting that the organization’s achievement came after its budget was reduced by 30 percent from previous years due fundings cuts. Given its reduced budget and record achievements, Hawaii Energy never before operated more efficient and cost-effective than it did during this most recent program year.
The program delivered 35 percent more energy savings with 20 percent less budget in program year 2016 than it did in PY 2015, resulting in a 41 percent reduction in cost per lifetime kWh.
“I’m proud that Hawaii is taking aggressive measures to meet our renewable energy goals and combat climate change,” Gov. David Ige said in a statement. “With Hawaii Energy’s help, consumers are reducing energy use and saving on utility bills. During my time as governor, the Hawaii Energy programs have saved residents and businesses over $95 million dollars in first year savings.”