Hawaii Solar Panels Cost

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Hawaii solar panels cost.

Tens of thousands of solar water heaters. 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. With energy prices on the rise this may be the perfect time. Or electricity generation 350 2000 f.

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. Fortunately for us that gets knocked down quite a bit by the following. 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 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. Solar panel cost data hawaii 2020 updated. 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.

Hawaii is an ideal place for home solar in the united states. 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. 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. Solar thermal solar thermal systems including solar water heaters use the sun s energy to heat water for residential use up to 160 f.

Use solar energy to power your home and reduce your dependence on the grid. Learn more about your potential savings in our design studio. Hawaii solar panel cost breakdown 5kw install. 30 federal solar tax credit 6000.

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. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt. Find out how you can control your energy costs with a custom solar setup of your own.

Industrial use including air conditioning 170 350 f. 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.