The system will also allow Diagnostic Laboratory Services to take advantage of State and Federal government incentives related to solar power.  The Hawaii state government currently offers a tax credit for the installation of PV systems, allowing businesses to claim 35% of project costs or $5000, whichever amount is lower.  This can be utilized in conjunction with a grant from the Treasury Department, made possible by last year’s stimulus package, permitting businesses to receive a cash grant equivalent to 30% of production costs. 

"Solar power makes good business sense for our company," said Richard Okazaki, President and CEO of Diagnostic Laboratory Services. "The planned PV system will help stabilize operating costs at our new facility, and we are pleased to have the benefit of Hoku's expertise as we work to further integrate clean, renewable power into our operations."

Hoku Solar also revealed that Allied Builders System, a locally based contractor, and Architects Hawaii Ltd., one of Hawaii’s oldest and largest architectural firms, would be involved with the project, which will form a portion of the renovations to the former Panasonic warehouse in Halawa valley.

"Hoku is proud to partner with Allied Builders System, Architects Hawaii Ltd., and Diagnostic Laboratory Services on this exciting project," said Dustin Shindo, Chairman and CEO of Hoku Scientific.

"We look forward to working with Hoku Solar on the Diagnostic Laboratory Services project, and hope to collaborate with them on future projects as well," said Gary Oda, President of Allied Builders System.