Text size:

Policy 2018

Act Description
Purpose Significance
121 Creates a revolving line of credit sub-fund within the Hawaii Green Infrastructure Special Fund for a state agency to finance cost-effective energy-efficiency measures. This act allows all state agencies and departments the opportunity to obtain low-cost financing from the Green Energy Market Securitization program, at an interest rate of 3.5 percent a year, to reduce energy costs and consumption by installing energy-efficiency measures. Gives state agencies the opportunity to deploy cost-effective energy efficiency measures to reduce consumption in support of our energy efficiency portfolio standards, reduce utility bill expenses, and reinvest net savings in other programs and priorities.
143 Expands the renewable fuel tax credit cap by lowering the production threshold and expanding the types of renewable fuel eligible for the credit. Applies to taxable years after 12/31/2017. To expand the availability of the renewable fuels production tax credit by lowering the production threshold and expanding the types of renewable fuel eligible for the credit. Locally produced biofuels have the potential to advance Hawaii’s clean energy goals and create job growth in Hawaii’s energy, farming, and manufacturing industries. While use of other renewable energy has grown, production costs have limited the advancement of biofuel production. Investing in biofuel technology can lead to increases in its efficiency, profitability, and sustainability as a renewable energy source.
200 Directs the Public Utilities Commission to establish a microgrid services tariff to encourage and facilitate the development and use of energy resilient microgrids. To encourage and facilitate the development and use of microgrids through the establishment of a standard microgrid services tariff. This act begins the process to standardize and streamline the related interconnection processes for microgrid projects in a manner that benefits utility customers. It also aims to prevent defection from the grid that would leave those connected vulnerable to rising costs of an energy system to be paid for by fewer customers.