Clean energy financing approval sought
HONOLULU - The state is asking the Public Utilities Commission to approve Gov. Neil Abercrombie's plan for clean energy financing.
The state Energy Office said Monday that the administration wants to make low-cost financing for solar panels and other clean energy technologies available to utility customers.
The plan calls for the state to issue up to $150 million in Green Infrastructure Bonds.
Local financial institutions, solar finance companies and other lenders would use the bond proceeds to make loans. Consumers could repay the loans over time with electricity bill savings.