2018 Hawaii Solar Tax Credit

As we ve discussed on the hawaii solar incentives page here at hawaiisolarhq the tax credit in the aloha state is 35 of the cost of the solar installation or 5 000 whichever is less.

2018 hawaii solar tax credit.

What is the solar tax credit in hawaii. For all other technologies the credit is not available for systems whose construction commenced after december 31 2016. The nice part about credit is that it combines with the federal solar tax. Effective january 2 2014.

Local solar attic fan incentives. Hrs 235 12 5 link to the renewable energy technologies income tax credit statute. Har 235 12 5 pdf administrative rules relating to the renewable energy technologies income tax credit. 2 renewable energy production tax credit ptc summary.

Solar financing solar financing through local credit unions and local hawaii banks zero down no payments for 6 months is available. If you re able to claim both tax credits you could be looking at a net year 1 cost of 5 265 to wipe out your 2 300 annual bills. Not bad just for putting up solar panels. The same personal tax credit of 35 of the actual cost of the system or 2 250 whichever is less applies to solar attic fans in hawaii as well as solar hot water.

Adding another 4 5 kw of solar panels should eliminate most of the rest of your 190 monthly bills and cost somewhere around 12 000 15 000 before the 26 federal tax credit and hawaii s own 35 tax credit. Ask us for details at pro solar hawaii we offer solar financing for just about any situation call us today at 808 339 1106 for details.