Does Hawaii have a solar rebate program in 2024?

Hawaii no longer has any cash rebate programs for solar, but there are other kinds of incentives available to help you save money when you go solar. The most important incentive is the Hawaii tax credit, which combines with the federal solar tax credit to significantly reduce the cost of buying solar panels.

Does Hawaii have a solar tax credit?

Hawaii residents can take advantage of both the US federal solar tax credit, which is equal to 26% of the costs to go solar, and Hawaii's own state solar tax credit. It's important to note that Hawaii offers this incentive to its residents considering solar energy.

Can you save money on solar energy in Hawaii?

Hawaiians who choose to go solar have lots of incentives: the state government has its own solar tax credit on top of being eligible for the U.S. federal solar tax credit. However, your potential savings with solar depends greatly on your island of residence and how much electricity you use.

Does Hawaii offer solar incentives?

Solar incentives: Hawaii offers plenty of financial incentives to help make solar more feasible. These incentives include tax credits, grants and loans can make the upfront cost of installing solar systems feasible.

Does Hawaiian Electric offer solar water heater financing?

Hawaiian Electric, in partnership with the County of Maui, offers an interest-free financing program for solar water heaters. This program may be combined with Hawaiʻi Energy’s $1,000 solar water rebate, in addition to some qualifying state and federal tax credits, making solar water heaters even more affordable to interested residents.

What is a Solarize rebate?

These rebates are available for washers, refrigerators, ceiling fans, solar water heaters, heat pump water heaters, and window air conditioning units. Solarize campaigns facilitate community bulk-purchasing of rooftop solar PV systems, leveraging economies of scale to bring down the price of rooftop solar.