H.R. 175 Summary

• Requests the Department of Business, Economic Development, and Tourism (DBEDT) to propose legislation establishing tax credits for firm renewable electricity generation to support Hawaii's 100% Renewable Portfolio Standard by 2045

• Directs DBEDT to develop tax credit proposals that incentivize commercial renewable energy developers to bid on and build firm renewable energy projects in Hawaii

• Mandates DBEDT to submit proposed legislation to the Legislature at least 60 days before the convening of the 2025 Regular Legislative Session

• References Act 207, Session Laws of Hawaii 2003, which established renewable energy tax credits for residential and commercial solar installations nearly 20 years prior, noting the need to expand incentives to new firm renewable energy sources beyond solar

• Emphasizes that firm renewable energy generation is essential for grid stability and long-term financial viability of Hawaii's renewable energy transition