Slow start for $150 million renewable energy program - Hawaii News Now - KGMB and KHNL

Slow start for $150 million renewable energy program

(Image: Hawaii News Now/File) (Image: Hawaii News Now/File)

HONOLULU (AP) - A $150 million ratepayer-supported renewable energy program remains almost entirely untapped.

The Honolulu Star-Advertiser reports (http://bit.ly/1PmRP8h) the Green Energy Market Securitization program was rolled out with the prediction that money raised through bonds would be spent by November.

Over 99 percent of the funds are untouched and 11 solar systems have been installed since the program started in summer 2015.

Consumers can apply for financing to install renewable energy systems under the program. Nonprofit organizations are no longer eligible.

A filing with the Public Utilities Commission shows ratepayers will have kicked in $27.9 million for the program by the end of the year.

Hawaii Green Infrastructure Authority executive director Tara Young says early obstacles are not unreasonable and that changes are being made, like making the application process easier.

Information from: Honolulu Star-Advertiser, http://www.staradvertiser.com

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