You have many options when it comes to choosing a solar power system for your Hawaii house. It will reduce your monthly energy costs, increase the property's value and protect you from rising electricity utility rates. A number of incentives are available that will make your solar energy system more affordable. Many solar companies in Hawaii offer financing that will help you get started.
Prices for solar panels vary in Hawaii depending on a variety of factors. The size of the system, the number of panels, and the quality of the equipment will all play a part in the overall cost of your system. A solar calculator is also available that can help you estimate the cost for your system.
Hawaii residents have the option to take advantage of local and state incentives in addition to the federal tax credit. These incentives can save you a lot on your solar panel installation. These incentives include the Renewable Energy Technologies Income Tax Credit (RETITC), which can provide a huge credit against your personal income tax. Hawaii's Property Assessed Clean Energy programs (PACE), can help you to get lower long term finance charges.
Depending on the panel type and equipment, your Hawaii solar panel cost will be between $20,000-$13,000 depending on what you choose. It is slightly more expensive than the national median, but still very affordable. HELOC financing is available for approximately $20,000. Although the interest rate will increase your total cost, it's a great option for homeowners who cannot afford to buy a solar panel outright.
Hawaii is blessed with a lot sunshine. The state has 240 days of sunshine per year, which is enough for most residents. Solar energy is viable because the sun's hours do not change too much throughout each year. However, there are issues with the energy infrastructure in Hawaii. Solar is a great option for homeowners who are experiencing power outages in many homes.
A 25-year exemption from property taxes on solar systems is available to Honolulu residents. In addition, the City and County of Honolulu offers a real property tax exemption for alternative energy improvements.
The cost of installing a solar panel system in Hawaii will be considerably lower than other states. This is due to the fact that Hawaii's electricity rates are among the highest in the nation. But, Hawaii is well-known for its sunny weather. The best equipment is what you need to have solar panels installed. Ask your neighbors for recommendations and find the top solar companies in Hawaii.
One of the biggest concerns that home owners have about installing solar panels on their homes is the cost. The cost of solar panels is typically calculated per watt and can vary depending on where you live in Hawaii.