For the week of March 25, 2013 to March 31, 2013, Honolulu’s total number of residential photovoltaic (PV) permits issued was 270, up 46.7% from the previous week and up 69.8% from the same period last year. Year-to-date (YTD), Honolulu’s total number of residential PV permits reached 2,922, a 49.0% increase from the same period last year.
In this week, Honolulu’s total value of residential PV permits was $8.6 million, up 61.1% from the previous week and up 68.0% from the same period last year. YTD, Honolulu’s total value of residential PV permits reached $88.7 million, a 39.6% increase from the same period last year.
In the current week, the average value of residential PV permits was about $31,800. This value is higher than the average value in the previous week ($29,000), but lower than the average value in the same period last year ($32,200).
Commercial PV Permits:
For the week of March 25, 2013 to March 31, 2013, Honolulu issued 6 commercial PV permits lower than the 7 permits issued in the previous week but higher than the 3 permits issued during the same period last year. YTD, Honolulu’s total numbers of commercial PV permits reached 83, a 118.4% increase from the same period last year.
In this week, Honolulu’s total value of commercial PV permits was $0.9 million, down 77.5% from the previous week and down a 51.6% from the same period last year. YTD Honolulu’s total value of commercial PV permits reached $28.1 million, a 41.1% increase from the same period last year.
In the current week, the average value of commercial PV permits was about $143,600, which is lower than the average value in the previous week ($547,100) and also lower than the average value in the same period last year ($592,700).
Report from DBEDT
With various companies around, the consumer must look for a company that is viable, nationwide, and committed to service. Going solar is no brainer unless you want to see higher electric bills for life. I hope that the number of systems installed are back by a great warranty. Trust your gut instinct when buying PV, I went with Solar City and No complaints, great service, great people
Why choose a national company when we have local businesses who already lead the industry? It's important to realize that several national companies have recently swooped into Hawaii's solar market offering to lease solar equipment to local residents, convincing folks to sign a contract consisting of 20 years of monthly payments, all the while the mainland company takes the tax credits (including credits born from Hawaii tax payers) and the cost over 20 years is often more than double the cost of purchasing. If one does the math, it's clearly more advantageous to finance a purchase. You can even find financing out there that would have you making similar monthly payments as a 20 year lease, but with those same monthly payments you would have paid off the entire cost in approximately half the amount of time as a 20 year lease. Lastly, solar pv is virtually maintenance free…. So don't be fooled by the hyped up need to have a maintenance plan. If you have an issue, most standard warranties would cover equipment. Labor is relatively inexpensive (by the hour).
Slowly, all the houses from Hawaii will have some renewable energy sources and this is a very good thing.
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