Solar hot water and photovoltaic installations on your home or business can result in large reductions to your electric bill. There are also federal & state tax credits that offer immense returns. In addition to having free hot water and electricity after the system has paid for itself in reduced utility bills, you & your family or business will be cushioned from future fuel shortages & price increases. You will also be doing your part to reduce our country's dependence on foreign oil.

Traditional water heaters can account for up to 40% of the electric bill. You can eliminate up to 85% of the energy used to heat water with the installation of a solar hot water system. In addition to the significant energy savings, Maui Electric also offers a one-time $1000 rebate to qualifying customers who install solar water heaters using approved contractors as part of the Energy $olutions program. And beginning in 2010 solar water heating will be a requirement on all new construction. Read more...

Solar hot water systems tax incentives:
   - The current federal tax bill allows a 30% Federal Energy       Tax Credit with no cap. Read more...
   - Hawaii allows a 35% state tax credit with a cap of $2250. Read more...

An 80 gallon Solar Water Heater system starts at around $3800.

A 120 gallon Solar Water Heater system starts at around $4300.

See our Tax Benefits page for links to tax forms.

To download a copy of a price sheet for solar water heating, click here.

Frequently Asked Questions

Solar Water Heating
80-gal Solar Hot Water Heating System

   
   System Cost
4,791.68   
   Utility Rebate *
750.00   
   Federal Tax Credit
1,212.50   
   Hawaii State Tax Credit
1,414.59   
   Net Cost
$1,414.59   
* Beginning 02/01/10 this amount was reduced to $750 & applies to retrofit only. As of 01/01/10 there is no utility rebate for New Construction.  
   Avg Elec. Bill Savings
$75.00/Month   
   Yearly Savings
$900.00   
   Est. Pay Back Period
< 2 Yrs.  

Solar Water Heating
120-gal Solar Hot Water Heating System

   
   System Cost
5,312.52   
   Utility Rebate *
750.00   
   Federal Tax Credit
1,368.76   
   Hawaii State Tax Credit
1,596.79   
   Net Cost
$1,596.79   
* Beginning 02/01/10 this amount was reduced to $750 & applies to retrofit only. As of 01/01/10 there is no utility rebate for New Construction.  
   Avg Elec. Bill Savings
$75.00/Month   
   Yearly Savings
$900.00   
   Est. Pay Back Period
< 2 Yrs.  






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