Energy Retrofit Reduces Oahu Veterans Center Electricity Consumption by 86 Percent

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Energy Retrofit Reduces Oahu Veterans Center Electricity Consumption by 86 Percent

(Honolulu, HI – January 25, 2012) — Oahu Veterans Center received an energy
upgrade from Energy Industries (EI) offsetting its electricity consumption for
considerable cost-savings. Consumption has been reduced by 86 percent through a
lighting retrofit and installation of a 39.1-kilowatt photovoltaic (solar panel) system.
“We are honored to have the opportunity to help the Oahu Veterans Center with both
energy reduction and production,” said Duane Ashimine, executive vice president of
Energy Industries. “Through our design and installation, we’ve increased the center’s
sustainability, and hope the facility will be around for future generations of veterans.”
Oahu Veterans Center is one of several non-profit organizations EI is assisting through a
custom power purchase agreement (PPA); other non-profits include Easter Seals and
Bishop Museum. A power purchase agreement is an arrangement between a party that
generates electricity and a party wishing to purchase the electricity—the power for sale
is often generated by alternative sources such as solar, wind or geothermal.
Because non-profits are exempt from taxes, energy-saving tax credits typically benefit a
private investor, who owns and installs the PV system at the non-profit location and sells
the power back to the non-profit at a discounted rate—usually much lower than the utility
company would charge. PPA rates are stable for 7 years, making it an appealing moneysaving opportunity for both parties.
The Easter Seals Hawaii system is expected to save the non-profit more than $410,000
over a 20-year period, and the Oahu Veterans Center hopes for similar savings.
Oahu Veterans Center opened its doors in 2005. The center provides a facility to foster
unity, camaraderie and understanding amongst veterans, civic organizations and the
community. The center serves as a venue to honor and preserve the memory and pride
of those who served in the U.S. Armed Forces.
Energy Industries LLC is a Hawai‘i-based energy-services company that specializes in
energy efficiency and renewable energy for commercial, industrial and institutional
sectors. Providing a full range of energy management solutions, it maintains operations
in California, Washington, Oregon, Idaho and Guam. For more information visit their
website at www.energy-industries.com
Media Note: Photo of Oahu Veterans Center featuring installed photovoltaic system
attached.