About What are the GEM photovoltaic funds
Our mission: make clean energy investment accessible and affordable to Hawaii’s underserved ratepayers; stimulate private investments; and leverage innovative financing tools to mitigate risks and reach new markets in support of Hawaii’s goal of 100% clean energy in the electricity sector by 2045. Our programs: Homeowners and Renters.
Our mission: make clean energy investment accessible and affordable to Hawaii’s underserved ratepayers; stimulate private investments; and leverage innovative financing tools to mitigate risks and reach new markets in support of Hawaii’s goal of 100% clean energy in the electricity sector by 2045. Our programs: Homeowners and Renters.
What is GEM$? The Green Energy Money $aver (GEM$) On-Bill Program is an innovative financing program for homeowners and renters offered exclusively by the Hawaii Green Infrastructure Authority that features: Immediate estimated bill savings; Elimination of credit barriers; Obligation tied to the utility meter (not a person).
$aver (GEM$) On-Bill Program? A: It is a program that helps eligible customers on all Rate Schedules (except Schedule “F”) reduce electricity costs by installing approved Energy Improvements such as solar photovoltaic (PV) systems, solar hot water systems and/or commercial energy efficiency.
The GEM$ Program is exclusively offered by HGIA, and uses a combination of public and private dollars to provide customers energy improvement upgrades. As the program administrator, HGIA is focused on providing access to low-income communities and households that have historically been locked out of clean energy due to financial barriers.
The GEMS (Green Energy Market Securitization) Program is the State of Hawaii’s innovative green infrastructure financing program designed to make clean energy improvements affordable and accessible for a broader cross-section of Hawaii’s consumers. Gov. Neil Abercrombie signed Act 211 on June 27, 2013 authorizing the creation of GEMS.
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3 FAQs about [What are the GEM photovoltaic funds ]
How does GEM$ work?
By tying the GEM$ on-bill obligation to the electric utility meter, HGIA is able to offer its inclusive financing program to all low- and moderate-income homeowners and renters, as the obligation transfers from ratepayer to ratepayer.
Who owns gem$?
What is GEM$? Homeowner or landlord will own the system. System owners may be eligible for tax benefits. Please contact your tax advisor for more information. How does GEM$ work?
What is the gem$ on-Bill program?
The GEM$ On-Bill Program was designed to provide split incentives and innovative repayment mechanisms to increase landlord/property owner participation. HGIA will work directly with property owners on program requirements. Please contact [email protected] for more information. The landlord application packet is available here .