About > Tax Credit & Financing
State Tax Credit
Hawaii residents can qualify for a 35% State tax credit! Cap of $5,000 per system. (No expiration date, subject to change).
35%
Find the most up-to-date details on residential energy tax incentives at Hawaii State Energy Office
How it works: Homeowners claim solar tax credits when filing their yearly taxes. A tax advisor or CPA can help with the right forms. Find more information at State of Hawaii Department of Taxation
Financing
Find the best financing option for your Home Solar Project. Contact our Partners to learn more.
Hawaii State Federal Credit Union
No interest for 18 months, then low fixed rates
Enjoy 0% interest and zero monthly payments for the first 18 months.
After that, get a rate as low as 7.70% APR² for the next 78 months.
Over the full 8-year term, your APR could be as low as 5.165%.
Rates and terms are subject to change. For the most up-to-date information, visit Hawaii State Federal Credit Union
Honolulu Federal Credit Union
0% interest and no payments for 24 months
Enjoy 0% interest and no monthly payments for the first 24 months.
After that, interest rates may be available as low as 6.99% APR for the next 96 months.
Rates and terms are subject to change. For the most up-to-date information, visit Honolulu Federal Credit Union
Prepaid Solar Lease
A prepaid lease offers a simple way to go solar with a single upfront payment and no ongoing monthly bills.
This option is a fit for homeowners who prefer clear upfront pricing and a streamlined process.
Key features:
- One payment, no monthly obligations
- No credit check and no property lien
- Opportunity to purchase the system after year 6
- Includes a complete solar plus battery system
Learn more about how the prepaid lease works and how it compares to cash and loan options in our blog.
BYOD Plus Battery Incentives (HECO Program)
Hawaiian Electric’s Bring Your Own Device Plus (BYOD Plus) program offers additional financial incentives for homeowners who install a battery and choose to share stored energy with the grid.
This program is a strong fit for homeowners who are planning to add battery storage and want to increase the overall return on their solar investment.
Key features:
- Upfront incentive of $400 per kW committed, with additional incentives available for qualifying households
- Ongoing monthly bill credits based on energy shared with the grid
- Flexible daily participation window
- 5-year program term
Available for new battery installations connected to eligible solar systems
Through this program, your battery supports both your home and the broader energy grid, especially during peak demand periods.
Eco Solar Hawaii supports the full process, including system design, application guidance, and program enrollment.
Learn more about how the BYOD Plus program works, eligibility requirements, and potential savings in our blog.
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