Plant personnel have visited us from hotels and hospitals seeking to adopt this technology. We continue to seek energy related savings through solar and heat recovery systems as the long-term outlook for petroleum is projected in the mid to high twenties per barrel. Besides Project 1, the Campus Plan entails building improvements in Lower School, a new Student Center and Theater, and a library addition. In conjunction with this, engineering reviews are being conducted to streamline the campus electrical grid for metering purposes. The impact of these economic incentives will weigh heavily in the building decision process which has a projected start date in June 2002 with an estimated completion date in late 2003.
Tax incentives work.
Planning an energy efficient plant takes capital funding and years to implement, and in Iolani s case, it needs to be phased in over 20 years. The seemingly short-term nature of expirations and extensions of these tax credits adds uncertainties to companies which want to invest in their future as well as to those whose livelihood depends on supplying the necessary energy saving devices. We encourage the Legislature to take the long-term view so that infrastructure plans can be made without guessing what may happen to tax credits. Iolani School is appreciative of the efforts of the Legislature and Hawaiian Electric Company in providing such incentives which have helped Iolani School derive cost effectiveness in its educational mission. PDF documents require the Adobe Acrobat Reader in order to be viewed properly.