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How Much Does Solar Cost in Hawaii?
Make the switch to solar today!
The cost of installing a solar roof in Hawaii can vary depending on several factors, including the size of the system, the type of panels used, and the complexity of the installation. The good news is, that the cost of solar has decreased by 4% in the last 4 years. With the decrease in price and state and federal incentives, there has never been a better time to go solar.
Cost of Solar Panels Per Watt
The cost of solar panels can vary a lot depending on the size, the actual panels, and the system, however, the cost per watt can be better estimated. According to estimates from last year (2022) the cost per watt on a 6kW system in Hawaii was $2.67. That is lower than the U.S national average of $3 per watt. If you’d like to know the exact cost for your home and the system you desire, give us a call, we offer free solar analysis and consultations to give you a direct price.
Federal Solar Investment Tax Credits
The Solar Investment Tax Credits can be claimed by residents that meet certain criteria:
- Resident must own their home
- The solar panels must be new or used for the first time
- Resident must own their solar panels
Residents that meet this criteria can take advantage of the credit, and claim 22% (In the year 2023) of your total cost as a credit on your federal tax return. This is a huge advantage for Hawaii residents, and a great opportunity to make the switch now! The tax credit in 2022 was 26% and has dropped to 22% in the year 2022. Don’t miss out on these credits, make the switch now!
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