Average Cost Solar Panels Hawaii

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.

Average cost solar panels hawaii.

Are solar panels worth it in hawaii. The hawaii energy tax credits allow individuals or corporations to claim an income tax credit of 20 of the cost of equipment and installation of a wind system and 35 of the cost of equipment and installation of a solar thermal or photovoltaic pv system. This is 2 67 per watt. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. Solar panel cost in hawaii. A new provision. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000.

The average cost for an installed residential solar system in hawaii is currently 11 837 after claiming the 26 federal solar tax credit. State solar tax credit 5000. Learn more about your potential savings in our design studio. Solar panel cost data hawaii 2020 updated.

With energy prices on the rise this may be the perfect time. Sunrun s solar advisors are ready to work on your free. Sunrun now offers hawaii homeowners solar panels and solar battery storage. We have various solar plans to fit your needs beat rising energy rates today.

The state provides tax credits for solar and wind power systems. Find out how you can control your energy costs with a custom solar setup of your own. In all seriousness we just showed yesterday when looking at how much solar power costs that solar power is basically worth it for people all across the country in some places the average 20 year savings from going solar are 10 000 while in other places the average savings are over 40 000. 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.

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. 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 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. 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.

30 federal solar tax credit 6000. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill.