Solar Panels Hawaii Cost

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

Solar panels hawaii cost.

Hawaii is an ideal place for home solar in the united states. This is higher than the average price of residential solar power systems across the united states which is currently 2 53 per watt. Fortunately for us that gets knocked down quite a bit by the following. Hawaii solar panel cost breakdown 5kw install.

Learn more about your potential savings in our design studio. 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. With energy prices on the rise this may be the perfect time. 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.

Below you can compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing hawaii today and learn how to select the best one. 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. National data september 2020. 30 federal solar tax credit 6000.

State solar tax credit 5000. 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. Compare the best solar energy companies in hawaii in 2020 updated. Hawaii solar power overview.

However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 53 per watt. 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. Use solar energy to power your home and reduce your dependence on the grid. Find out how you can control your energy costs with a custom solar setup of your own.

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. There are currently 55 solar energy companies operating in hawaii. 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. 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.

Average solar panel cost.