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Estimated/Sample Cost (Single Family, one story, asphalt single roof) Systems Purchased after February 1, 2010
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*Average Cost of solar water heating system $6,500+ Less Hawaii Energy Efficiency Program** Rebate -$750 Customer Payment to the Contractor $5,750
Federal Tax Credit (30%)* ($5,750 X 30%) - $1,725
State Tax Credit (35%)* ($5,750 X 35%) - $2,012
NET SYSTEM COST TO CUSTOMER $2,012
*$6,500 is the average system cost for the average size system for existing home retrofits for Single Family Dwelling, one story, asphalt single roof. Your price may vary as different household needs requires different sizes of solar hot water systems.
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.
** HEEP Rebate applies to replacement of electric heaters only - IMPORTANT NOTICE, effective with Solar Water Heating systems sold after 2/1/2010, the $1,000 rebate will be reduced to $750.00.
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HTPC does not require any downpayments or up front fees. Payment is collected "after" your system has been installed.
Contact Us For FREE Estimate sales@hitechplumbingcorp.com 808-753-9664
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