(Single Family, one story, asphalt single roof)
||*Average Cost of solar water heating system $6,600
Less Hawaii Energy ** Instant Rebate -$500
Customer Payment to the Contractor $6,100
Federal Tax Credit (30%)* ($6,100 X 30%) - $1,833.00
State Tax Credit (35%)* ($6,100 X 35%) - $2,135.00
NET SYSTEM COST TO CUSTOMER $2,135.00
*$6,600+ is the average system cost for the average size system for existing home
retrofits. Your price will vary as different household needs require different sizes of
solar hot water systems. Contractor charges also vary.
Solar water heating system rebates are available only for existing homes. A new
Hawaii law mandates solar water heating for all new homes to be built.
This example is for illustrative purposes only and should NOT be considered tax
advice. Consult with your tax advisor, IRS, or state tax office to determine how these
credits should be calculated for your own individual situation.
All pricing is subject to change without notice.
** HE Rebate Program applies to replacement of electric