Hawaii SB202 amends state law to require utilities to compensate homeowners for unused solar energy credits.

Hawaii SB202 amends the Hawaii Revised Statutes to require electric utilities to compensate homeowners for excess kilowatt-hours generated by solar panels that are not used within a twelve-month period. The compensation is calculated at the retail rate of the customer's rate class. This change aims to incentivize homeowners to install additional rooftop solar panels and conserve energy, promoting renewable energy use. The compensation rate increases over time, starting at 33.3% in the first year, 66.6% in the second year, and 100% from the third year onward.

Hawaii SB202 amends state law to require utilities to compensate homeowners for unused solar energy credits.

Hawaii SB202 amends the Hawaii Revised Statutes to require electric utilities to compensate homeowners for excess kilowatt-hours generated by solar panels that are not used within a twelve-month period. The compensation is calculated at the retail rate of the customer's rate class. This change aims to incentivize homeowners to install additional rooftop solar panels and conserve energy, promoting renewable energy use. The compensation rate increases over time, starting at 33.3% in the first year, 66.6% in the second year, and 100% from the third year onward.