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Commercial and Residential Alternative Energy Systems |
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Energy Specialists Hawai'i, Inc. encourages you to consider either passive or active solar hot water systems for your home or business. We also provide solar systems for pools and spas. Below is a breakdown of the costs and payback period for a typical residential Solar Hot Water System. Contact us today for a consultation. |
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Average Cost of solar water heating system $7000 Less Instant HELCO Rebate -$1,000 Customer Payment to the Contractor $6,000 Federal Tax Credit (30%) ($6,000 X 30%) -$1,800 State Tax Credit (35%) ($6,000 X 35%) -$2,100 Real Property Tx Credit - $300 NET SYSTEM COST TO CUSTOMER $1800.00 Payback = 3.0 years or less (for a family of four). Note: the Federal $2000.00 cap on Solar Hot Water systems not used for pool or spa heating has been removed per section 25 D of HR 1, The American Recovery and Reinvestment Act |
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Federal Tax Credit Use form 5695 - consult a tax professional State Tax Credit Use form N-334 - consult a tax professional Use claim for Solar Hot Water Tax Credit; consult the Real Property Tax Division's Hilo or Kona office or go to www.hawaiipropertytax.com. |
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