Fortunately for us that gets knocked down quite a bit by the following.
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.
Solar panel cost data hawaii 2020 updated.
For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000.
7 000 is the average system cost for existing home retrofits.
State solar tax credit 5000.
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.
Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.
With the average system size tallying in at 6 kilowatts this means.
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.
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.
Sample cost example for islands of hawai i maui molokai and lanai.
Hawaii solar financing options.
This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.
Find out how you can control your energy costs with a custom solar setup of your own.
Your cost may vary as different household needs require different sizes of solar water heating systems.
Sample cost example for island of oahu.
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.
Purchasing a solar system can cost anywhere between 15 000 and 29 000.
Hawaii solar power overview.
Contractor prices may also vary.
Although going solar makes a lot of sense it can be expensive to buy and install home solar panels.
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 is an ideal place for home solar in the united states.
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.
Average lease costs are between 50 250 per month based on the size and overall production of your system.
In many instances solar providers offer free system monitoring maintenance repairs and insurance for the duration of your solar lease.
30 federal solar tax credit 6000.
High installation costs keep many homeowners from buying and installing solar panels that they own.
