“We partnered with Island Pacific Energy to help us with our energy costs. A year later our energy costs have been greatly reduced just as they had calculated in our initial meeting. We couldn’t be happier. Our decision to go with Island Pacific Energy has proven to be very successful. They did everything they promised and we are benefiting with our energy costs cut nearly in half. ”
Director, Oahu Federal Credit Union
In the Fall of 2012, Oahu Federal Credit Union was looking for ways to save money on their electric bill. They wanted to install photovoltaic solar power but as a non-profit did not have the ability to use the tax credits. Island Pacific Energy had the solution. A Power Purchase Agreement.
Under a Power Purchase Agreement, Island Pacific Energy installed a photovoltaic solar power system at no cost to Oahu Federal Credit Union. Island Pacific Energy owns, operates and maintains the system and sells the energy generated to Oahu Federal Credit Union at a cost lower than utility power. Island Pacific Energy also coordinated the PV installation with a recoating of the roof, saving Oahu Federal Credit Union additional money in reduced cooling costs.
The 30kW photovoltaic solar energy system is installed on the roof of the Oahu Federal Credit Union. The system consists of 99 solar modules and nine inverters. The photovoltaic system provides energy to the entire organization. The system generates over 45,000kWh of clean, renewable energy annually.
Island Pacific Energy owns, operates and maintains the photovoltaic solar energy facility under a Power Purchase Agreement with Oahu Federal Credit Union. The system was installed at no cost to the Oahu Federal Credit Union and the energy generated is sold to the organization at a cost lower than utility power.