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Renewable Energy Technology Assessments - Kauai Island Utility ...

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Kaua’i <strong>Island</strong> <strong>Utility</strong> Cooperative<br />

<strong>Renewable</strong> <strong>Energy</strong> <strong>Technology</strong> <strong>Assessments</strong> 6.0 <strong>Renewable</strong> <strong>Energy</strong> Financial Incentives<br />

Table 6-4. <strong>Renewable</strong> <strong>Energy</strong> Incentives Summary.<br />

Incentive Description Recommendation<br />

Misc. Loan &<br />

Grant<br />

Programs<br />

Green Power<br />

Purchasing<br />

Goal<br />

Miscellaneous grants for development of renewable energy projects. Monitor for potential grant opportunities.<br />

Goal for federal government facilities to purchase 2.5 percent of electricity<br />

from renewable sources by 2005, and 20,000 solar roofs by 2010.<br />

Non-Government Incentives<br />

Green Pricing Voluntary program where utility customers pay premium for renewable<br />

electricity. Regulated markets.<br />

Green<br />

Marketing<br />

<strong>Renewable</strong><br />

<strong>Energy</strong><br />

Credits<br />

Voluntary program where electricity customers pay premium for renewable<br />

electricity. Deregulated markets.<br />

Tradable credits representing the renewable attributes of electricity –<br />

separate from the actual energy. May be used to satisfy voluntary programs<br />

or renewable portfolio standard requirements.<br />

Contact military base and government facilities<br />

managers regarding joint development or purchase<br />

of renewable energy.<br />

Consider developing program to test customer<br />

demand.<br />

Not applicable to Hawaii.<br />

Evaluate as a flexible mechanism to meet RPS<br />

requirements, or sell excess credits to other Hawaii<br />

utilities.<br />

21 March 2005 6-2 Black & Veatch

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