Oahu Energy Cooperative secures $20.5M for solar project with federal and state funding

The Maui County government meeting on March 20, 2025, focused on a significant solar energy project aimed at enhancing renewable energy access for residents of Moloka'i. The project is partially funded by federal and state resources, including a grant from the Department of Energy and a loan from the Hawaii Green Authority. Additionally, private sector lenders are expected to contribute to the funding.

During the meeting, it was revealed that the average savings for Moloka'i households participating in the project could reach approximately 20%, translating to about $36 per month based on the average household energy bill of $180. The total cost of the solar energy system is estimated at $20.5 million, with the specific project discussed costing around $3.5 million.

The project is anticipated to begin generating revenue from subscribers once it becomes operational, which is projected to occur in about 18 months to two years. After construction, the system will be owned and operated by a cooperative based in Oahu, which has been actively training Moloka'i residents in solar installation and maintenance. This workforce development initiative aims to empower local residents to eventually take over operational responsibilities within the first few years of the project.

The meeting also touched on potential opportunities for small businesses in Moloka'i to engage with the solar project, although specific plans have yet to be finalized. The discussions highlighted the county's commitment to sustainable energy solutions and community involvement in renewable energy initiatives.