The GEMS Status Conference with the Hawaii Green Infrastructure Authority (HGIA) convened on July 19, 2025, to discuss significant developments in renewable energy financing and initiatives aimed at supporting low and moderate-income households in Hawaii. The meeting highlighted various programs and funding opportunities designed to enhance access to clean energy solutions.

The conference began with a discussion on a new bill that allows condominium unit owners, who do not own their rooftops, to co-invest in a fund for the installation of photovoltaic (PV) systems and storage solutions for ALICE (Asset Limited, Income Constrained, Employed) households. This initiative aims to reduce energy costs for these households while providing tax benefits to condominium owners.

Next, the Hawaii CPACER financing program was launched on July 1, 2024, featuring 14 capital providers. This program does not depend on state funding and supports a range of qualifying improvements, including clean water, energy efficiency, and renewable energy projects.

The HGIA also reported on its partnership with the Hawaii Technology Development Corporation, which administers three credit-related programs under the state small business credit initiative. This federally funded program has successfully unlocked over $30 million in capital for various industries, including hospitality, healthcare, and energy.

A key focus of the meeting was the urgency of implementing the governor's vision to facilitate the addition of at least 50,000 new distributed renewable energy installations for low and moderate-income households. The recent signing of the 1 Big Beautiful Act has intensified the need for action, as the 30% federal solar tax credit is set to expire soon.

The Solar for All program was highlighted as a comprehensive initiative that not only provides financing but also includes technical assistance and workforce development. However, strict eligibility requirements pose challenges for potential applicants, particularly for multifamily projects that must meet specific income limitations.

The HGIA announced that it has approximately $22 million in solar plus storage loans available. Despite changes in federal tax credits, the authority emphasized that its financing model relies on energy savings rather than tax incentives, making it a viable option for underserved communities.

In closing, the HGIA requested the commission to consider reversing order 34940 to release $18 million in GEMS loan capital for immediate use by nonprofits and small businesses. This move is seen as crucial for supporting the installation of renewable energy systems and ensuring that underserved ratepayers can benefit from these initiatives.

The meeting underscored the collaborative efforts and strategic planning necessary to advance Hawaii's clean energy goals while addressing the needs of its most vulnerable populations.