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In Hawaii, PV was subsidized for a long time. Unfortunately they've cut those back earlier this year. (Around January 2013) Since electricity is so expensive[1
by matthewbadeau 13y ago
In Hawaii, PV was subsidized for a long time. Unfortunately they've cut those back earlier this year. (Around January 2013)
Since electricity is so expensive[1] here many people could reclaim their investments in as little as 5 years. With the subsidies reduced, it may be 7 years. That's incredibly short if you compared Hawaii to the mainland.
[1]http://www.heco.com/heco/Residential/Electric-Rates/Average-Electricity-Prices-for-Hawaiian-Electric,-Maui-Electric,-and-Hawaii-Electric-Light-Company http://www.heco.com/heco/Residential/Electric-Rates/Average-...
- blazespin 13y agoYou recoup your investment immediately when you sell, frequently with a healthy multiplier.