Hawaii has more than 300+ sunny days per year and some of the top solar incentives in the US. Here are some of the incentives available to Hawaii home and business owners:
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Federal Solar Investment Tax Credit (ITC):
Homeowners that qualify for the Solar ITC can take advantage of a tax credit for 30% of the cost of installed solar panels. Battery storage can also qualify for the Residential Clean Energy Credit.
Hawaii Solar State Tax Credit:
This state-level incentive allows residents and businesses to claim a tax credit equal to 35% of the total cost of their solar installation.
Net Metering:
Net metering in Hawaii is a billing arrangement for solar panel owners that credits them for excess electricity they generate. When your solar panels produce more energy than your home consumes, the surplus is fed back into the grid and credited to your account, effectively spinning your meter backward. These credits can then be used to offset future electricity consumption, resulting in lower energy bills. Net metering promotes the efficient use of solar power, reduces reliance on fossil fuels, and supports the transition to clean energy. By participating in net metering, you not only save money but also contribute to a more sustainable energy future while helping maintain grid stability in Hawaii.
Utility Rebates:
Hawaiian Electric offers a battery bonus program for customers who install a new solar-plus-storage system. The program provides a one-time incentive payment of $250 per kilowatt-hour (kWh) of storage capacity, up to $5,000 for residential customers and $25,000 for commercial customers.
Further information and programs can be found at the Programs.Dsireusa.org
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