Hawaii SB743 authorizes the public utilities commission to establish preferential rates for renewable energy from facilities meeting prevailing wage.
Hawaii SB743 aims to help the state achieve its clean energy goals by authorizing the public utilities commission to establish preferential rates for the purchase of renewable energy from facilities that meet certain prevailing wage requirements. The bill notes that Hawaii lacks tax incentives for large-scale renewable energy facilities, unlike other states. It appropriates funds for fiscal years 2025-2026 and 2026-2027 to cover costs incurred by the commission in authorizing these preferential rates.
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