Bring the water and salt to a boil in a saucepan on the stove and whisk in the grits. Lower the heat to medium and cook the grits for about 15 minutes, stirring often.
Remove the grits from the heat.
Whisk into the hot grits the butter, shredded cheese, beaten eggs and honey. Spread the grits into a greased casserole dish. Bake, uncovered, for 25 minutes.