Lay grated taro on a paper towel and refrigerate for 10 minutes. Do not wring out grated towel. Dab top layer of taro with additional paper towels if needed. Place dried taro into a mixing bowl.
Mix in minced onion, salt and pepper.
In a nonstick pan, heat 1 tbsp of vegetable oil. Spoon about 2 tbsp of latke mixture onto frying pan and spread out as thinly as possible. Fry for 5-7 minutes on each side until brown and crispy.
Drain fried latkes on a paper towel and allow to cool.
To prepare the sauce, mix together sour cream, Sriracha, lime juice and honey.