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Hickam Federal Credit Union — an Oahu-based credit union with more than $670 million in assets — recently announced it has completed a 32,000-square-foot rooftop solar system project at its Pearl City Branch headquarters.
The 287-panel solar system will generate approximately 185 Mwh of energy each year. The project began in August 2022, and the system went live in late October 2023. Hickam FCU used an investor to purchase and install the system — who has asked to remain private — which resulted in no upfront cost to the credit union, according to a spokesperson for Hickam FCU.
"We do anticipate to save a couple thousand dollars per month in what we were paying in our electric costs for our building," the spokesperson told PBN in an email.
The cost savings from reduced energy usage will allow the credit union to allocate more resources toward "enhancing member experiences and offering competitive products and services," according to the announcement.
"We are thankful to the community partners who worked with us to make this initiative a reality and are proud to help the state of Hawaii inch closer to their renewal energy goals," Scott Kaulukukui, president and CEO of Hickam FCU, said in a statement.