Incentives and Savings
Solar Tax Benefits and Pricing Details
Check available Hawaii state tax credits, rebates, system costs, savings, and estimated payback periods.
Solar Tax Benefits
Hawaii State Incentives
State tax incentives are available for qualifying Photovoltaic & Solar Water Heating systems. Available incentives vary by system type.
Solar Water Heating Tax Incentives
State Tax Benefits
Solar Water Heatingsystems may qualify for Hawaii state tax incentives.
- 35% Hawaii state tax credit with a $2,250 cap
- Hawaii Energy rebate for qualifying Solar Water Heating installations using participating contractors
Photovoltaic Tax Incentives
Residential Photovoltaic Systems
Residential photovoltaic systems may qualify for:
- 35% Hawaii state tax credit with a $5,000 cap per system (5 kW per system)
Commercial Photovoltaic Systems
Commercial photovoltaic systems may qualify for:
- 35% State of Hawaii Energy Conservation Tax Credit
- State Accelerated Depreciation
Tax Forms and Resources
Access Solar Tax Forms
Residential Tax Forms
Commercial Tax Forms
- State Tax Credit - Form N-342 Renewable Energy Technologies Income Tax Credit
Accelerated Depreciation
State Accelerated Depreciation
- Hawaii uses Form 4562
Photovoltaic System Pricing
Additional Solar Water Heating Pricing
80-Gallon Solar Water Heating System
- System Cost: $8,050
- Hawaii Energy Rebate: $2,000
- 30% Tax Credit: $2,415.00
- 35% Hawaii State Tax Credit (capped at $2,250): $2,250
- Net Cost: $3,385.00
- Average Electric Bill Savings: $60.00/Month
- Yearly Savings: $720.00
- Estimated Payback Period: More than 3-1/2 Years
Ready to Discuss Solar?
Consult Our Solar Professional
Have questions about system costs, tax benefits, rebates, or potential savings? Contact Maui Pacific Solar, Inc. to discuss your solar options.