About > Tax Credit & Financing
Solar Investment Tax Credit
With current Federal and State tax credits, your new PV system is more affordable – and a smarter investment – than ever before.
Hawaii residents are qualified for:
35%
A 35% State tax credit! Cap of $5,000 per system. (No expiration date, subject to change).
30%
A 30% Federal tax credit! No cap!
Solar ITC Step Down
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
30%
2023
26%
2033
22%
2034
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.
Financing
Find the right financing option for your Home Solar Project. Contact our Partners to learn more.
Hawaii State Federal Credit Union
Hawaii State Federal Credit Union offers a PV loan with 0% interest and no monthly payments for the first two years to help you enjoy the savings from day one. After the 24 month opening period, interest rates as low as 6.75% APR are available to qualified borrowers.
Aloha Pacific Federal Credit Union
Aloha Pacific Federal Credit Union has designed a straightforward solar loan with a ten-year fixed rate of 5.99%. The loan features zero interest for the first 24 months, no prepayment penalty and fixed monthly payments.