Photo:Flickr/ Vatsek
Aloha, solar powered Hawaii people! We’ve just updated our Hawaii solar incentives and rebates page. It’s wonderful to live in paradise, especially if you have robust solar rebates and incentives to take advantage of all of that sun.
Hawaii is in a unique situation in that it’s really on the ground floor of solar, yet the Islands are desperately in need of renewable and cheaper energy sources, such as solar hot water and electric, to reduce its dependence on oil and gas. Right now, over 80% of the energy needs of Hawaii is powered from imported oil and gas. That makes utility bills extremely high in paradise–which also makes solar very attractive over the long haul.
Recognizing the need for domestic and renewable energy sources, Solar Hot Water systems are now mandatory with any new home built. On the down side, the personal tax credit for Solar Hot Water systems has been phased out. So unless you put in your reservation for a system sometime before 1/1/10, you’ll be paying full price. The good news is that it solar hot water still qualifies for the Federal 30% Solar Tax Credit. There are also variances to get you off the hook for solar hot water, but why would you do that?
Hawaii is also about to roll out a Feed-in Tarriff that will pay you for the energy that your solar electric (PV) system produces. That Feed-in Tariff rate hasn’t been announced yet, but when it is announced, you’ll get an even faster payback for your solar PV system.
We’ve got a lot of info in this Hawaii solar update. If you’re still confused, ask one of our local installers about what it all means for you and your home. They can give you a free quote, so really, nothing to lose but a little bit of time.
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