Lege Trend. Aloha to Hawaii Energy Storage Bill.

Hawaii’s HB 1593 will:

• reduce oversight in order to speed the loan process for energy storage
• sets up a 2 year rebate program to incentivize energy storage that is installed concurrently with solar panels
• potentially increases internal rates of return between 110 basis points and 140 basis points
• could incentivize between 75 MWh and 300 MWh of storage in Hawaii

Utility Dive | Maryland, Hawaii turn to storage incentives as state markets gain momentum