Solar Panels Cost Hawaii

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.

Solar panels cost hawaii.

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. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. 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.

Compare the best solar energy companies in hawaii in 2020 updated. There are currently 56 solar energy companies operating in hawaii. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. With energy prices on the rise this may be the perfect time.

Solar panel cost data hawaii 2020 updated. 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. Use solar energy to power your home and reduce your dependence on the grid. Learn more about your potential savings in our design studio.

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 solar power overview. The time to go solar in hawaii is now. National data september 2020.

Average solar panel cost. Purchase solar at the lowest price of any national provider with tesla s price match guarantee and take control of your monthly electricity bill. Fortunately for us that gets knocked down quite a bit by the following. 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.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. 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. State solar tax credit 5000. Hawaii solar panel cost breakdown 5kw install.

30 federal solar tax credit 6000.