Cash for Water Heaters
Hawaii Energy News Release
Do you have an old electric hot water heater? Now is the time to replace it with an energy efficient solar version. Rebates up to $1,750 are now available to Hawaii residents when they update their old water heaters. The increased rebates are made possible through the American Recovery and Reinvestment Act (ARRA) and State Energy Program (SEP) fund, and will be available through May 31, 2011 or until the funds are exhausted.
The bonus rebates apply to all retrofit installations that are not already pre-approved by Hawaii Energy and are purchased between March 21 and May 31, 2011.
Residents are eligible for this offer for both financed systems under Hawaii Energy’s “Hot Water, Cool Rates” Program and cash purchased systems without financing through the program.
Water heating costs can account for 30 to 40 percent of the average Hawaii residential electric bill in a non-air conditioned home. A solar water heating system harnesses the sun’s heat to generate 90 percent of the energy needed to heat the water, resulting in savings of about $10 to $15 per person, per month, on average.
To take advantage of this offer, a list of Hawaii Energy’s participating Solar Contractors and Lenders can be found at hawaiienergy.com/94/hot-water-cool-rates. Installations are completed in one day and include a free 100-point quality inspection by Hawaii Energy.
For more information on Hawaii Energy programs, call (808) 537-5577, toll-free (877) 231-8222 or visit hawaiienergy.com.