About Benefits News Names for Wind Contact First Wind
Economic Benefits

Kaheawa Wind is proof that the economy doesn't have to be sacrificed as we work to protect our environment. In fact, the production of clean, renewable energy offers a wealth of benefits to help move Maui forward economically while maintaining the island's commitment to nature's preservation.

  • Local contracts: $17 million in site constructing contracts and services
  • New state revenue: $7 million of lease revenue to the state for land use
  • More jobs for residents: $3.8 million in job-related income (plus income tax revenues)
  • Additional tax revenue: $1.9 million of property taxes (0.2 % per year over 25 years) and $1.1 million in state excise tax revenues
  • Reduced reliance on oil: A good rule of thumb is that wind power becomes economically viable at $30 per barrel. Kaheawa Wind is saving roughly $76.6 million in imported fuel costs savings based on oil at just $30 per barrel while current imported oil costs are over $70 per barrel
  • Fewer imports: Improved balance of trade, reducing imports of oil by approximately $10 million annually
  • Lower costs: Current cost of energy offered to utility is approximately 60% below current avoided costs
  • Fixed prices: Stable prices through energy that can be delivered at fixed prices unaffected by fluctuating fuel costs or international affairs