[FONT=Times New Roman, Times, serif][SIZE=-1] "Customers who install a solar water heater can now receive $1,000 in rebates from Hawaiian Electric Co.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] [/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1]HECO said it raised the popular rebate by $250 after receiving approval from the state Public Utilities Commission.[/SIZE][/FONT]
[FONT=Times New Roman, Times, serif][SIZE=-1] [/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] The higher rebate applies to installation contracts signed on Feb. 13 or later, the company said. The rebate is available to residential customers who have qualifying systems installed by a HECO-approved contractor.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] The rebate, combined with a 30 percent federal tax credit and a 35 percent Hawai'i state tax credit, can bring the cost of a typical solar water heating system down to about $1,500, said Paul Brencick, HECO's residential program manager. The regular cost of a solar water heating system can run $5,000 or more, he said.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] "But even more important, the long-term savings on your electricity bill amounts to annual savings of nearly $500 for a typical family of four, which means the system essentially pays for itself in about three years," Brencick said.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] Since the 1996 launch of the solar water heating program, HECO said it has installed more than 30,000 systems on O'ahu, making the program one of the largest and most successful in the country."



[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1]Yeah baby! We're about to bust out with the real money now!
[/SIZE][/FONT]
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] [/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1]HECO said it raised the popular rebate by $250 after receiving approval from the state Public Utilities Commission.[/SIZE][/FONT]
[FONT=Times New Roman, Times, serif][SIZE=-1] [/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] The higher rebate applies to installation contracts signed on Feb. 13 or later, the company said. The rebate is available to residential customers who have qualifying systems installed by a HECO-approved contractor.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] The rebate, combined with a 30 percent federal tax credit and a 35 percent Hawai'i state tax credit, can bring the cost of a typical solar water heating system down to about $1,500, said Paul Brencick, HECO's residential program manager. The regular cost of a solar water heating system can run $5,000 or more, he said.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] "But even more important, the long-term savings on your electricity bill amounts to annual savings of nearly $500 for a typical family of four, which means the system essentially pays for itself in about three years," Brencick said.
[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1] Since the 1996 launch of the solar water heating program, HECO said it has installed more than 30,000 systems on O'ahu, making the program one of the largest and most successful in the country."



[/SIZE][/FONT][FONT=Times New Roman, Times, serif][SIZE=-1]Yeah baby! We're about to bust out with the real money now!
[/SIZE][/FONT]