A 35% State tax credit! Cap of $5,000 per system. (No expiration date, subject to change).
A 30% Federal tax credit! No cap!
Both the residential and commercial ITC are equal to 30 percent of the basis that is invested in eligible Solar property. The ITC then steps down according to the schedule below.
The tax credit helped with my decision to go solar! – Chuang
Homeowners claim tax credits at the end of the financial year, when you file your normal taxes. Your tax advisor or CPA can give you the appropriate forms and answer any questions, and you’ll find detailed state tax credit info here: State of Hawaii solar tax credit information.