A solar energy system for your Hawaii home is a smart choice. It can help reduce your energy costs, increase home value, and protect you against rising electric utilities rates. You can also get incentives to help lower the cost for your solar energy system. A number of solar companies offer financing in Hawaii to help you get going.
Prices for solar panels vary in Hawaii depending on a variety of factors. The cost of your system will be affected by the size and quality of the panels as well as the number of them. A solar calculator can be used to calculate the cost of your system.
Hawaii residents may also be eligible for state or local incentives. These incentives will help you save money on solar panel installations. These incentives include the Renewable Energy Technologies Income Tax Credit. This credit can be a big help in reducing your personal income taxes. The Property Assessed Clean Energy program in Hawaii (PACE), which can lower your long-term financing charges, can also be used.
Depending on the panel type and equipment, your Hawaii solar panel cost will be between $20,000-$13,000 depending on what you choose. It is slightly more expensive than the national median, but still very affordable. HELOCs are a way to finance your solar system if you don't have sufficient funds. They cost about $20,000. You will pay interest, which will increase the cost of your solar panels. However, this is an option for homeowners who don't have the funds to pay it all out.
Hawaii has a lot of sunshine. Hawaii can boast 240 days of sunshine each calendar year. Solar energy is viable because the sun's hours do not change too much throughout each year. However, there are issues with the energy infrastructure in Hawaii. Many homeowners are experiencing power cuts, so solar is an excellent option.
A 25-year exemption from property taxes on solar systems is available to Honolulu residents. For alternative energy improvements, the City and County of Honolulu provides a real tax exemption.
A solar panel system for Hawaii homeowners will cost significantly less than in other states. Hawaii's electricity prices are among the highest in America. It is also a good thing that Hawaii is famous for its sun. The best equipment is what you need to have solar panels installed. Ask your neighbors to recommend the best solar companies in Hawaii.
The biggest concern homeowners have when installing solar panels on their houses is the price. Prices are usually determined on a perwatt basis. This can vary widely depending on where you live.