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The Complete Guide to Hawaii Solar Incentives

Complete Guide to Hawaii Solar Incentives

Considering solar panels in Hawaii? With more than 300+ sunny days per year and some of the top solar incentives in the US. Its no wonder why so many are switching to solar in The Aloha State!

In this article we'll explain the top solar incentives & local programs available to Hawaii home & business owners.

Read on to learn more or enter your zip code below to see exactly which solar incentives & programs your home qualifies for!

Enter your zip code to see which Hawaii Solar Incentives you qualify for!

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What Are Hawaii Solar Incentives?

Solar incentives are financial programs and policies put in place to encourage the adoption of solar energy systems. In Hawaii, these incentives are designed to make solar installations more accessible and affordable for homeowners and businesses. They aim to offset the upfront costs of solar panel installations, reduce the payback period, and promote the use of clean, renewable energy sources. Some solar programs in Hawaii even you get your solar panels installed for free! Learn more. 

By leveraging these incentives, residents and businesses in Hawaii can take advantage of various financial benefits, such as tax credits, rebates, grants, and net metering programs. These incentives not only contribute to a more sustainable future but also offer an opportunity to save money and increase energy independence.

The Hawaii Solar Tax Credit

The Hawaii Solar State Tax Credit is a state-level incentive aimed at promoting the adoption of solar energy systems in Hawaii. Under this program, residents and businesses can claim a tax credit equal to 35% of the total cost of their solar installation! This credit helps to significantly reduce the upfront expenses associated with going solar. By leveraging the Hawaii Solar State Tax Credit, individuals and businesses can enjoy substantial financial savings while contributing to a greener and more sustainable future in the state.

Federal Solar Investment Tax Credit (ITC)

The Federal Investment Tax Credit (ITC), widely recognized as the Green Energy Tax Credit, extends its generous benefits to residents of Hawaii. This remarkable incentive, provided by the U.S. federal government, allows Hawaiians to enjoy a substantial reduction in the cost of their solar energy system installation. By utilizing the ITC, homeowners and businesses in Hawaii can claim a tax credit of 30% of the total solar cost, significantly lowering their financial burden and accelerating their transition to clean, renewable energy. This exclusive incentive serves as a testament to Hawaii's dedication to promoting sustainable practices and empowering its residents to embrace solar power.

Solar Net Energy Metering (NEM)

Solar net energy metering in Hawaii is a program that allows solar system owners to receive credit for excess electricity they generate and send back to the grid. When a solar energy system produces more energy than is being consumed on-site, the surplus electricity is fed back into the utility grid, spinning the meter backward. This results in a credit on the customer's electricity bill, which can be used to offset future energy consumption.

The net metering program in Hawaii enables customers to maximize the financial benefits of their solar investment by ensuring they only pay for the net energy consumed from the grid. It promotes the efficient use of renewable energy and encourages homeowners and businesses to become active participants in the state's clean energy goals.

Enter your zip code to see which Solar Incentives you qualify for!

Do I Qualify?

Please enter a zip code

Local Hawaii Solar Programs

Hawaii takes pride in its communities' unwavering commitment to sustainable practices. In this section, we applaud the local solar programs and initiatives that exemplify the remarkable efforts of Hawaiians in embracing solar energy. From grassroots organizations to non-profit endeavors, these programs shine a spotlight on the proactive measures taken by communities across the islands to make solar power accessible and affordable.

Solar Property Tax Exemption

The Honolulu Solar Property Tax Exemption is a local incentive program aimed at promoting solar energy adoption in Honolulu, Hawaii. Under this program, eligible residential and commercial properties with solar energy systems installed can receive an exemption from property taxes. This exemption is based on the added property value generated by the solar system.

By incentivizing solar installations through property tax exemptions, Honolulu encourages homeowners and businesses to embrace renewable energy while reducing the financial burden associated with property taxes. It is a valuable initiative that supports the growth of solar energy and the transition to a more sustainable future in the city.

The Renewable Energy Technologies Income Tax Credit (RETITC)

The Renewable Energy Technologies Income Tax Credit (RETITC) is a tax incentive available in Hawaii that encourages the adoption of renewable energy systems. Under this program, individuals and businesses can claim a tax credit of up to $5,000 for the installation of qualifying renewable energy technologies, such as solar panels or wind turbines. The RETITC provides a financial boost, helping to offset the upfront costs of implementing clean energy solutions and making renewable energy more accessible to Hawaii residents. By taking advantage of this credit, individuals and businesses can contribute to a greener future while enjoying potential savings on their state income taxes.

The Hawaii Electric Battery Bonus

The Hawaiian Electric Battery Bonus Program offers incentives for adding energy storage to new or existing solar systems. Hawaiian Electric (HECO) provides an upfront cash incentive of $850 per kilowatt and a monthly incentive of $5 per kilowatt for 10 years. Participants must commit to using battery capacity during a specific two-hour period in the evening. The program is available in Oahu and Maui, covering a significant portion of the Hawaiian population, and it ends once the cumulative storage capacity reaches 40 megawatts in Oahu and 15 megawatts in Maui.

Enter your zip code below to see which Hawaii Solar Programs you qualify for!

Do I Qualify?

Please enter a zip code

Going Solar in Hawaii

Hawaii is an exceptional destination for embracing solar energy, thanks to its abundant sunshine and favorable climate. The state presents a prime opportunity to tap into the sun's power and generate clean, renewable energy. By transitioning to solar, individuals and businesses in Hawaii can substantially diminish their reliance on conventional energy sources, experience considerable savings on electricity bills, and actively contribute to a greener environment. With a range of solar incentives, programs, and financing alternatives at their disposal, going solar in Hawaii becomes an even more financially appealing and sustainable decision, paving the way for a brighter and more eco-friendly future.

Start the switch to solar today and explore all of your solar options with a Solar Savings Quote from EcoGen America, Hawaii's top rated solar energy company.

Make the switch to solar and start saving!

Contact our team of local solar advisors and see how much you can save on your electricity bill.

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