Average Cost Of Solar Panels In Hawaii

Purchasing a solar system can cost anywhere between 15 000 and 29 000. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. 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.

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Hawaii is an ideal place for home solar in the united states.

Average cost of solar panels in hawaii.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. High installation costs keep many homeowners from buying and installing solar panels that they own. With the average system size tallying in at 6 kilowatts this means. Find out how you can control your energy costs with a custom solar setup of your own.

30 federal solar tax credit 6000. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 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.

Average lease costs are between 50 250 per month based on the size and overall production of your system. Solar panel cost data hawaii 2020 updated. Hawaii solar power overview. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Hawaii solar panel cost breakdown 5kw install. 7 000 is the average system cost for existing home retrofits. Your cost may vary as different household needs require different sizes of solar water heating systems. Fortunately for us that gets knocked down quite a bit by the following.

State solar tax credit 5000. 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. 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. Although going solar makes a lot of sense it can be expensive to buy and install home solar panels.

But now there s a whole new way to get home solar in hawaii. Hawaii solar financing options. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. The time to go solar in hawaii is now.

In many instances solar providers offer free system monitoring maintenance repairs and insurance for the duration of your solar lease. Contractor prices may also vary. Sample cost example for islands of hawai i maui molokai and lanai. Sample cost example for island of oahu.