Combined Heat and Power Partnership
|Date Last Updated||4/21/2014|
|Policy Type||Public Benefits Fund|
|Policy Administrator/Contact Office||Hawaii Energy|
|Policy Initiation Date||6/2/2006|
|Policy Summary||In June 2006, the Hawaii State Legislature enacted legislation to create a public benefits fund (PBF) for energy efficiency and demand side management. In July 2013, the law was amended to allow for the financing of renewable energy technologies that are eligible under the Renewable Portfolio Standard.|
From 2013 onwards, the PBF will have a projected target budget of 2% of total projected revenue. The PUC engages in rulemaking to set the target percentage for the total projected revenue each year. All utilities in Hawaii, with the exception of KIUC, collect this surcharge on utility bills. Customers of HECO, HELCO, and MECO are eligible to receive incentives from the public benefits fund. Programs supported by Hawaii Energy include rebates for home appliances, industrial energy efficiency, and solar water heaters, among others.
In addition, as amended by the 2013 legislation, the Department of Business, Economic Development, and Tourism can issue Green Infrastructure Bonds in order to raise funds for renewable energy and energy efficiency projects. Revenue from the bonds will be used for on-bill financing and loan programs offered by the state and bondholders will be repaid with PBF funds.
Funding for CHP projects provided by these resources would be found under related dCHPP incentive types (e.g., loan, grant, or rebate).
|CHP Eligibility Requirements||Does Not Specify|
|Eligible Project Size (MW)||Does Not Specify|
|Minimum Efficiency Required/|
Other Performance Requirements
|Does Not Specify|