HECO hopes to entice more customers to export their stored electricity
The Hawaiian Electric Company is adding more perks to entice customers to export stored electricity from their photovoltaic systems.
The utility’s Battery Bonus program launched last year, giving rebates to participating customers to use or export stored electricity during a two-hour period.
But starting in June, the utility is expanding the program’s incentives to attract more participants.
"Now customers who enroll are going to get not only the upfront incentive but also a bill credit that’s going to be in the amount of $5 per kW. We call it a monthly peak capacity payment, and that’s for the entire 10 years of the program," said Lani Shinsato with HECO.
"We also wanted to expand access for this program to customers who are not net-energy metering customers. So for those customers, we are also offering monthly export credit for the next three years," Shinsato said.
Shinsato says there is a cap for the program, with early participants receiving a bigger upfront rebate.
More information can be found here.