2018 Hawaii Solar Tax Credit

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2018 hawaii solar tax credit.

State solar hot water incentives. The credit is applied the same year when the system is installed and it is limited to 5 000 per system per year. We ll let you know what are the. As we ve discussed on the hawaii solar incentives page here at hawaiisolarhq the tax credit in the aloha state is 35 of the cost of the solar installation or 5 000 whichever is less.

The hawaii solar tax credit allows homeowners to save up to 35 of the total cost of installing a solar pv system. The state of hawaii offers a personal tax credit of 35 of the cost of the system or 2 250 whichever is less as well as a one time 750 rebate for existing homes not available for homes built after 2009. The federal tax credits has introduced some of the effectual approach prudent changes to reduce cost through solar tax credit hawaii solar pv tax credit. 2018 01 that clarified the placed in service requirement in the application of the renewable energy technologies income tax credit retitc in hawaii.

Contact pacific energy today if you have any questions about what pv system you should install. Posted in itc solar state tax in september the state of hawaii department of taxation issued a letter ruling hawaii letter ruling no. The hawaii energy tax credit allows solar customers to claim an income tax credit of 35 of the cost of equipment and installation of a solar hot water system. The credit is capped at 2250 per system.

Since a pv system is defined as 5 kw installing a more powerful system would mean you d have 2 systems installed instead of one. Hawaii contractor license c 37173 llc since 2003. Renewable energy technologies income tax credit retitc hrs 235 12 5 on this page you will find information and documents pertaining to the renewable energy technologies income tax credit retitc provided under 235 12 5 hawaii revised statutes. Not bad just for putting up solar panels.

Local solar hot water incentives. The credit is capped annually at 3 million per taxpayer and 3 million in the aggregate. The credit is equal to 20 cents per 76 000 btu of renewable fuels.