SAVIO SOLAR MĀʻILI
Savio Solar Māʻili is the first large-scale solar project on the island of Oahu designed for long-term community ownership. The project was designed with the input of community members,and will provide locally-owned green power for thousands of residents.
Savio Solar Māʻili facilitates local ownership of the projects through the condominium ownership structure. The idea was conceived of by Peter Savio, an affordable condominium housing developer who has developed thousands of housing units in Hawaiʻi built and sold to local families. Savio observed that renters, condo-owners and low-income families were not able to access the financial savings from rooftop solar that high-income single-family homeowners have access to. He realized that inequity could be solved by building a large-scale solar farm and distributing the ownership of the farm by selling partial ownership of the facility, called “condominium units.” This method would provide true equity ownership in solar to households who previously couldn’t access rooftop solar and offer each individual owner the economies of scale of a larger project.
Savio Solar Māʻili has brought together a competent team of solar professionals, and a community-driven process, to bring this project to life.
Savio Solar Māʻili is a new way to own and manage a solar farm. Savio Solar uses a condominium style of ownership, protects you under Hawaiʻi law and allows for owner control.
Solar Power helps reduce your electrical cost. You’ll be able to finance your unit and be able to sell to another Hawaii resident if you move away from Hawaiʻi.
Condominium solar gives you the opportunity to own solar and save money, with confidence.
Do you live or work in a townhouse, condominium, apartment building, business office and want to have Solar Power? Now with Savio Solar Māʻili solar power will be available to YOU! With solar power you will benefit from your own clean energy, reduce your monthly electricity bills, protect yourself from rate hikes and use those savings to live life to the fullest!
WHAT WE OFFER
Why choose Condominiumized Solar for your Home?
- Shrink your electric bill.
- Condominium, Townhouse and Apartment dwellers, Owners, Renters,
- Businesses of all kinds
- Low upfront cost to enjoy the savings of locally-financed solar.
- Designed, Built, Operated locally on Oahu.
- No long-term obligation.
- Condo/Co-0p ownership style, no big mainland company in control.
- Planning to work alongside multiple local solar companies.
- Provides local employment opportunities-strengthening our local economy.
- Work alongside AOAO’s.
- The ability to purchase the amount of energy capacity you need for your home.
- You will be a part owner in this innovative endeavor.