Building Management Hawaii June/July 2013 - (Page 31)
Solar Stays Hot
Hawaii property managers can still find
great opportunities to save with solar.
By Briand Achong
are branching into new technologies centered around
solar. New solar powered products are coming out on the
market, including solar powered water heaters and solarpowered air conditioners.
Looming on the horizon, the federal tax credit of
30 percent for solar energy is slated to sunset at the end
of 2016. A 10 percent federal tax credit for commercial
Material costs are stable-and
as consolidation, mergers,
acquisitions and operational
efficiencies begin to take hold, soft
costs are beginning to decline.
In Hawaii, solar's first blip is mainly because of grid
saturation, and the results have been both positive and
negative for the industry. Companies have been closing,
"right sizing" (as opposed to downsizing), fine-tuning
processes and procedures, and outright selling to larger
solar companies, such as the recent sale of Sunetric to
publicly traded RGS Energy. Then there are those who
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June-July 2014
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solAr /pV
This is a challenging yet still exciting time for the
photovoltaic (PV) industry in Hawaii. After years of
exponential growth, the industry is experiencing its first
contraction. Obstacles include politics, perception, "grid
saturation," consolidation, bankruptcy and more. While
these are daunting, there still is opportunity-and the
industry is responding with innovative solutions.
Around the world, demand for solar has been
increasing daily. China, Japan, the U.S. and Germany were
the top four countries in solar growth in 2013. Massive
solar systems of up to 250 megawatts are unheard of in
Hawaii, but these are being built regularly elsewhere,
including in the U.S. Financial institutions such as
Goldman Sachs, U.S. Bank, J.P. Morgan, Bank of America
and Morgan Stanley are now investing heavily in the
solar market. Consolidation is also taking place; not just in
terms of manufacturer, installer or financial provider, but
also those that provide turnkey service. Best Buy is now
offering solar systems in select stores.
PV carport system on open parking deck, Honolulu
Table of Contents for the Digital Edition of Building Management Hawaii June/July 2013
ASPHALT AND CONCRETE PAVING
RAILINGS
SOLAR AND PHOTOVOLTAIC
PAINTING
The Age Of IREM
On Site: Life Of A Property Manager
Building Management Hawaii June/July 2013
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