Friday, July 20, 2018
Hawai'i Free Press

Current Articles | Archives

Wednesday, May 02, 2018
GEM$ Launches On-Bill Financing for Solar
By News Release @ 6:39 PM :: 866 Views :: Energy

NEW INNOVATIVE PROGRAM CREATES MORE OPPORTUNITIES FOR HAWAII’S CLEAN ENERGY FUTURE

News Release from HGIA, May 1, 2018

HONOLULU – The Hawaii Green Infrastructure Authority (HGIA) is calling attention to a new program that will allow Hawaii to join other progressive states to offer innovative financing for clean energy adoption. 

In response to a joint filing by HGIA and the Hawaiian Electric Companies, the Hawaii Public Utilities Commission (PUC) approved the establishment and implementation of the Green Energy Money $aver (GEM$) On-Bill Program.

“This new GEM$ Program will expand access and affordability of renewable energy and energy efficiency to a wide range of Hawaii’s ratepayers,” said DBEDT Director Luis P. Salaveria. “We are excited that this financing opportunity will help Hawaii ratepayers lower their electricity costs.”

The program allows renters, low-income households, nonprofits and other Hawaiian Electric Companies’ ratepayers on most Rate Schedules, to install solar hot water heaters, solar PV systems, and/or commercial energy efficiency measures, effectively removing significant barriers, while saving the ratepayer(s) at least 10 percent on their utility bill.

Providing an innovative financing option via an on-bill mechanism has been a vision of the Hawaii State Legislature for almost seven years when Act 204 (SLH) 2011 was enacted to investigate an on-bill financing program.

“GEM$ will eliminate two major barriers – conventional credit underwriting and upfront installation costs, while reducing net energy costs,” explained Gwen Yamamoto Lau, executive director of the Hawaii Green Infrastructure Authority.  “Additionally, GEM$ is designed to also unlock access to solar for renters.  We are gearing up to begin accepting applications next month, and we are thrilled to see this program become a reality.”

“The Hawaiian Electric Companies are happy to partner in a program that offers our customers more choices – especially one that opens doors to installing renewable energy systems,” said Jim Alberts, the companies’ senior vice president of customer service. “The on-bill program will provide cost-saving opportunities to those who have not been able to participate in solar programs.”

“The approval of the GEM$ On-Bill Program will bring more energy efficiency technologies, including solar water heaters, to those who benefit from it most,” said Will Giese, executive director of Hawaii Solar Energy Association, “We continue to support the GEMS program as a series of initiatives to help lower high electric bills, expand access to renewable to a diverse array of customers, and build a cleaner, more sustainable Hawaii.”

For more information on GEM$, call (808) 587-3868.

About HGIA (Hawaii Green Infrastructure Authority)

HGIA is a state agency, attached to the state Department of Business, Economic Development and Tourism (DBEDT), which runs the Green Energy Market Securitization (GEMS) Program. HGIA was constituted in 2014 to administer Hawaii’s Green Energy Market Securitization (GEMS) Loan Fund.  The GEMS Program is intended to create market driven public-private partnerships that will open access to financing for more Hawaii customers and democratize access to clean energy.

ABOUT DBEDT (Department of Business Economic Development and Tourism)

DBEDT is Hawaii’s resource center for economic and statistical data, business development opportunities, energy and conservation information, and foreign trade advantages.  DBEDT’s mission is to achieve a Hawaii economy that embraces innovation and is globally competitive, dynamic and productive, providing opportunities for all Hawaii’s citizens. Through its attached agencies, the department fosters planned community development, creates affordable workforce housing units in high-quality living environments, and promotes innovation sector job growth.

PBN: Hawaii regulators approve on-bill financing program to boost clean energy adoption  

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

ALEC

Alliance Defending Freedom

Aloha Conservative Alliance

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

Conservative Forum for Hawaii

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Senate Informer

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Hawaii Votes

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

Hunting, Farming and Fishing Assoc.

I Vote Hawaii

If Hawaii News

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

Judgepedia Hawaii

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

OHA Lies

Ohana Policy Group

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Salvage The Rail

Save the Plastic Bag

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Copenull

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

TEA Party Maui

TFB Micronesia

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

United Veterans Hawaii

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT