Average Cost Of Solar Panels In Hawaii

Sample cost example for islands of hawai i maui molokai and lanai. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Hawaii solar panel cost breakdown 5kw install.

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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.

Average cost of solar panels in hawaii.

In many instances solar providers offer free system monitoring maintenance repairs and insurance for the duration of your solar lease. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. Your cost may vary as different household needs require different sizes of solar water heating systems. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Hawaii solar power overview. 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. 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. The time to go solar in hawaii is now.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. State solar tax credit 5000. 30 federal solar tax credit 6000. Find out how you can control your energy costs with a custom solar setup of your own.

7 000 is the average system cost for existing home retrofits. Sample cost example for island of oahu. 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. Contractor prices may also vary.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. Fortunately for us that gets knocked down quite a bit by the following. With the average system size tallying in at 6 kilowatts this means. Hawaii is an ideal place for home solar in the united states.

Purchasing a solar system can cost anywhere between 15 000 and 29 000. Hawaii solar financing options. High installation costs keep many homeowners from buying and installing solar panels that they own. 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.

But now there s a whole new way to get home solar in hawaii. Average lease costs are between 50 250 per month based on the size and overall production of your system. Solar panel cost data hawaii 2020 updated. Although going solar makes a lot of sense it can be expensive to buy and install home solar panels.