Hawaii Solar Panels Cost

Tens of thousands of solar water heaters.

Hawaii solar panels cost.

Find out how you can control your energy costs with a custom solar setup of your own. Hawaii solar panel cost breakdown 5kw install. The high cost of electricity lots of sunshine a state tax credit and the federal tax credit means that homeowners can get an excellent return on investment by installing residential solar panels in the aloha state. State solar tax credit 5000.

Hawaii is an ideal place for home solar in the united states. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. The energy sector in hawaii has rapidly adopted solar power due to the high costs of electricity and good solar resources and has one of the highest per capita rates of solar power in the united states. Use solar energy to power your home and reduce your dependence on the grid.

Solar panel cost data hawaii 2020 updated. Hawaii solar power overview. Energy from the sun solar energy is used in two different types of solar energy systems. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000.

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. Hawaii s imported energy costs mostly for imported petroleum and coal are three to four times higher than the mainland so hawaii has motivation to become one of the highest users of solar. Industrial use including air conditioning 170 350 f. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill.

30 federal solar tax credit 6000. Adding another 4 5 kw of solar panels should eliminate most of the rest of your 190 monthly bills and cost somewhere around 12 000 15 000 before the 26 federal tax credit and hawaii s own 35 tax credit. As of sep 2020 the average cost of solar panels in hawaii is 2 67 per watt making a typical 6000 watt 6 kw solar system 11 837 after claiming the 26 federal solar tax credit now available. Or electricity generation 350 2000 f.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Fortunately for us that gets knocked down quite a bit by the following. With energy prices on the rise this may be the perfect time. The time to go solar in hawaii is now.

If solar power here is almost 240 more cost effective than the rest of the nation 5 it wouldn t be wise to let another sunny hawaiian day go to waste. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.