Solar hot water and photovoltaic installations on your home or business can result in large reductions to your electric bill. There are also federal & state tax credits that offer immense returns. In addition to having free hot water and electricity after the system has paid for itself in reduced utility bills, you & your family or business will be cushioned from future fuel shortages & price increases. You will also be doing your part to reduce our country's dependence on foreign oil.

Traditional water heaters can account for up to 40% of the electric bill. You can eliminate up to 85% of the energy used to heat water with the installation of a solar hot water system. In addition to the significant energy savings, Hawaii Energy also offers a one-time $750 rebate to qualifying customers who install solar water heaters using participating contractors as part of the Energy $olutions program. And of January 1st, 2010 solar water heating is a requirement on all new single family construction.

Solar hot water systems tax incentives:
   - The current federal tax bill allows a 30% Federal Energy       Tax Credit with no cap. Read more...
   - Hawaii allows a 35% state tax credit with a cap of $2250. Read more...

An 80 gallon Solar Water Heater system starts at around $4125 + tax (after rebate).

A 120 gallon Solar Water Heater system starts at around $4625 + tax (after rebate).

See our Tax Benefits page for links to tax forms.

To download a copy of a price sheet for solar water heating, click here.

Frequently Asked Questions

Solar Water Heating
80-gal Solar Hot Water Heating System

   
   System Cost
$ 5,078.14   
   Hawaii Energy Rebate *
- 750.00   
   Federal Tax Credit
- 1,298.44   
   Hawaii State Tax Credit
- 1,514.85   
   Net Cost
$ 1,514.85   
*Currently there is a $750 rebate & a bonus rebate of $250 for a limited time until funding runs out.  
   Avg Elec. Bill Savings
$60.00/Month   
   Yearly Savings
$720.00   
   Est. Pay Back Period
> 2 Yrs.  

Solar Water Heating
120-gal Solar Hot Water Heating System

   
   System Cost
5,598.98   
  Hawaii Energy Rebate *
- 750.00   
   Federal Tax Credit
- 1,454.70   
   Hawaii State Tax Credit
- 1,697.14   
   Net Cost
$1,697.14   
* Currently there is a $750 rebate & a bonus rebate of $250 for a limited time until funding runs out.  
   Avg Elec. Bill Savings
$75.00/Month   
   Yearly Savings
$900.00   
   Est. Pay Back Period
< 2 Yrs.  






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