Solar Panel Hawaii Cost

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.

Solar panel hawaii cost.

With energy prices on the rise this may be the perfect time. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. 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. 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. 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. Fortunately for us that gets knocked down quite a bit by the following. Hawaii solar panel cost breakdown 5kw install.

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Solar panel cost data hawaii 2020 updated. Solar power systems are very custom based on the home roof type shading and utility. 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 upfront cost for a solar photovoltaic system in hawaii is similar to the upfront cost anywhere else but a solar panel in hawaii captures a lot more sunlight over its lifetime than is typical. Learn more about your potential savings in our design studio. Solar panel cost in hawaii. 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. Installation of panels for the average 5kw system ranges from 11 100 22 400. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill.

State solar tax credit 5000. Use solar energy to power your home and reduce your dependence on the grid.