Published June 28, 2013
The work of Governor Abercrombie to facilitate green projects through legislation will be secured through finding schemes that elicit green opportunities. The advancement of a “New law will provide financing for renewable energy projects” supporting solar and energy efficiency.
“Gov. Neil Abercrombie’s signing of a law establishing a financing structure for the program. The initiative, known as “on-bill financing” will require additional work by the state Public Utilities Commission, which hopes to have the program up and running by early next year,” reports Star Advertiser.
Note: “Signing SB1087 allows the state to issue bonds that will provide funding for the on-bill financing scheme. The Green Energy Market Securitization program authorized by the legislation creates a fund from which utility customers can borrow to pay for solar photovoltaic systems, energy-efficient lighting systems and other “green” projects aimed at reducing the state’s reliance on oil for electricity generation.”
The details of the amount of spend and allocation period is not provided.
- Yap adopts renewable energy to break reliance on diesel (radioaustralia.net.au)
- New law will provide financing for renewable energy projects (staradvertiser.com)
- Edenbridge primed for solar panels (evoenergy.co.uk)
- Governor signs legislation to promote energy efficiency and clean energy for homes, farms and businesses (vtdigger.org)