Solar Incentives for Hawaii
State tax credits are available in Hawaii. The Hawaii Solar and Wind Energy Credit  allow individuals or corporations to claim an income tax credit of 35% of the cost of equipment and installation of a solar electric system. See below for more details or call REC Solar for a free site evaluation.
Federal tax credits make solar even more appealing. The US government currently offers residential solar system owners a one time federal tax credit, capped at $2,000. Commercial solar system owners are offered a 30% tax credit, making solar an even smarter financial investment. |
| State: |
HAWAII |
| Program Name: |
Solar Wind and Energy Credit (Corporate) |
| Incentive Type: |
Corporate Tax Credit |
| Applicable Sectors: |
Commercial, Residential, Multi-Family Residential |
| Incentive Amount: |
Commercial: eligible for 35% state tax credit or $500,000, which ever is less;
Single Family Residential: eligible for 35% state tax credit or $5,000, which ever is less;
Multi-Family Residential: eligible for 35% state tax credits or $350 per unit, which ever is less; |
| Eligible System Size: |
No maximum size specified |
| Equipment/Installation Requirements: |
Solar system must be new and in complete compliance with all applicable performance and safety standards. |
| Website: |
http://www.state.hi.us/tax |
| Authority 1: |
Electric Discount and Energy Competition Act |
| Date Enacted: |
1990, amended 2003, 2004, 2006 |
| Effective Date: |
7/1/2003 |
| Expiration Date: |
none |
(Source: http://www.dsireusa.org/)
Local Program Administrator:
Information Specialist - Dept. of Taxation
Hawaii Department of Taxation
Taxpayer Services Branch
P.O. Box 259
Honolulu, HI 96809
Phone: (808) 587-4242
Web site: http://www.state.hi.us/tax | | |
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