Building Management Hawaii - February/March 2012 - (Page 22)
By Andrew Yani
n 2011, rising petroleum prices and increasing global demand for oil led to record high electricity bills for Hawaii residents and businesses. Especially hard hit were ratepayers on Oahu, who endured three consecutive months (October – December) of record high electricity costs, with some customers seeing 20 percent increases. Most economists as well as the Hawaiian Electric Company itself predict that this upward trend will continue. Even before the most recent escalation in the cost of electricity, many Island homeowners have been taking steps to curb rising electric bills by installing solar hot water and photovoltaic systems on their rooftops. As a result, Hawaii ranks second in the nation in solar photovoltaic panel installations per capita. However, property managers for condominiums and apartment complexes have not been adopting solar solutions as quickly as individual homeowners.
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