Pathways to Sustainability
(page 3 of 8)
Briand Achong, President of GreenPath Technologies, atop
At the Forefront of Innovative Renewable Energy Applications
GreenPath Technologies (GPT) continues to advance green initiatives for the islands. As an innovative NHO renewable energy solutions provider, GPT takes pride in helping Hawaii reach its independence from fossil fuels through a variety of cost-saving, clean energy turnkey solutions that are specifically designed to meet the needs of the commercial, residential, government and non-profit sectors. They assist their customers through models that reduce carbon footprints, save energy costs, and channel their resources towards their core competencies. Recent projects include HawaiiUSA FCU, Carrier Hawaii, Japanese Cultural Center of Hawai’i, and the Waialae Country Club.
Turnkey Solutions in Renewable Energy
The company takes a holistic approach to building and roofing integrity while designing a PV system and educates their clients with the ‘best practices’ when considering photovoltaics. They are able to offer turnkey systems that match the roof life to the system life, provide financing and Power Purchase Agreements, and include warranties that cover both the roof and array to ensure the client’s investment is ideal, long term, and truly sustainable.
High power transportable folding module
Research & Development
GPT invests heavily into R&D, keeping them at the forefront of renewable energy applications. Broadening their capabilities into the vertical integration of niche technology sectors such as mobile folding modules, they have developed a module that produces the highest power density on the market. The modules will be manufactured locally and targeted for military war fighter deployment. They are participating in U.S. Marine expeditionary exercises in the Philippines, and the Crimson Viper exercises in Thailand to determine the capability of the modules.
2011 is the Best Year for Hawaii Business to go Green
The cost of PV systems is highly subsidized by Federal, State and County governments through tax incentives. In certain cases, a commercial PV system installed in 2011 can expect a payback period of less than one year.
- Taxpayers can claim 50 percent of an asset’s basis as “bonus depreciation”
- The maximum amount of a deductible expense on qualifying property was increased from $250,000 to $500,000 (with 2011 as the last taxable year allowed)
- Can take federal grant in lieu of tax credit (through Dec 31, 2011)
- PUC approved a Feed In Tariff, where one can install a revenue producing solar array and sell the electricity back to the utility at a predetermined rate.
*Neither GPT nor its employees are tax professionals. The tax information provided herein is provided as a guide only; please consult your tax advisor for professional guidance.
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