The Big Island has the highest electric rates in the nation.
A solar hot water system is a great way to cut your electric bill up to 40%!
What are the incentives for installing a solar hot water system?
- Helping Hawaii reach energy independence of 100% by 2045
- 35% State of Hawaii Tax Credit*
- 30% Federal Tax Credit*
- $300 Property Tax Credit*
- $750 Rebate from Hawaii energy*
The biggest incentive is how much you will save over the lifetime of your system: $12,000 to $30,000! This is money in your pocket. If electric rates go higher—as we all imagine they will—you will save even more.
*For eligible homeowners, check with your tax advisor to determine if you qualify.
Can I Afford Solar?
A new solar water heating system can cost less than $2,000 and pay for itself in around 2 years if you qualify for all the rebates and tax incentives! Additionally, we do offer financing options with 0% down and 0% interest.
If you qualify, you can use your savings to pay for the system! Costs and incentives are subject to change, contact Kona Solar today for a free estimate and start saving with solar. With these generous incentives and fast payback, you really can’t afford not to Go Solar!
The Bottom Line: Big Savings!
The payback time for a family of four with a $250 monthly electric bill and average usage (40%; $100/month for hot water) is about two years! Over the next 18 years (expected life of system), savings will be over $20,000!
Installing a solar water heater is a big benefit for the environment too and can reduce your family’s carbon footprint by 3.5 metric tones per year. That’s the equivalent of not driving your 4 cylinder family car for an entire year! This drastically reduces your family’s impact on the environment and helps to make a cleaner, greener environment for the next generation.