REQUESTING THE DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT, AND TOURISM TO PROPOSE LEGISLATION THAT ESTABLISHES INCENTIVES FOR FIRM RENEWABLE ELECTRICITY GENERATION.

This Senate resolution asks the Hawaii Department of Business, Economic Development, and Tourism to draft a new law offering tax credits for firm renewable electricity generation. The bill aims to encourage commercial developers to build stable energy projects that can provide grid reliability as the state moves toward its goal of 100% renewable power by 2045. It specifically seeks to expand existing incentives beyond solar energy to include other firm renewable sources like wind or geothermal. The department is instructed to submit these proposed tax credit rules to the legislature within sixty days before the start of the 2025 session.