Hawaii Solar Tax Incentives

Hawaii Solar PV Tax Incentives

Solar Panels Maui

Both the state of Hawaii and the US federal government offer tax credits for new solar photovoltaic systems. Combined, these incentives can lower the cost of your solar PV system by up to 65%. That, coupled with Hawaii’s high energy costs and high solar irradiance, makes getting solar a financial no brainer.

This is how you can meet your break-even point in as little as 4 to 7 years! Most of our clients will be saving between $200,000 and $500,000 over 30 years.

State of Hawaii Solar Tax Credit

Hawaii Solar Energy

This income tax credit allows a credit of up to 35 percent of the cost of equipment and installation for solar PV systems.

The credit is to be applied in the year in which the system is placed into service and is limited to $5,000 per 5kw of DC solar.

So, if you had 12kw of PV placed into service in one year, then you would have THREE systems. Two 5kw systems and one 2kw system. This limit is for non-commercial use only. If it is for commercial use, there is no limit.

Tax credits that exceed the taxpayer’s income tax liability may be used as a credit against the taxpayer’s income tax liability in subsequent years until exhausted. (Hawaii Department of Taxation Form N-334).

You also have the option take the credit as a refund, for a 30% lesser amount (24.5%). Consult a Hawaii CPA to see which option is best for you.

For more information, consult http://tax.hawaii.gov/geninfo/renewable/

Try our Hawaii Solar Tax Credit Estimator.

Five-Star Reviews

Customer Reviews

Pacific Energy has become Hawaii's leading roofing and solar company by providing value-driven solutions and unmatched customer care. See what our customers have to say about us.

"Choosing Pacific Energy for my solar turned out to be a great decision! Everyone on the team is very professional, knowledgeable and courteous without trying to sell you anything. Communication is excellent and they were able to complete the work in 2 days and earlier than the estimated date based on availability. I would highly recommend them to anyone considering solar panels!"

Ioannis K.

Tampa, FL

"Great solar system dealer/installer! Had them install a solar panel system with a Tesla Powerwall 2 battery system. Once we signed the contract they were started on the install within a week, finished the panel and battery install, including wiring, in one day. 2 days later their electrician finished the hook up and we were generating power. Received an email from Tesla the same day with information on how to download and use the system app. All the technicians were courteous, neat, and efficient!"

Lou Z.

Tampa, FL

"Pacific Energy is so far ahead in the PV energy space. They have a business practice to get your system designed, approved, permitted, installed and close-out in record time. My experience with service and execution was better than my expectation. I had a very large system (91 panels) installed and they completed the entire system within 4 days! It passed inspection with no corrections. Their process to navigate this process is the best experience for a consumer. Let them do it and just write the check. Oh, and the products (SunPower panels and Solar Edge inverters) are the best in the market place with the best warranty and technology...hands down. Highly recommend Pacific Energy for Maui solar PV!!"

Kyron B.

Tampa, FL