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Hawaii Solar Power Can Save You Money
Hawaii has quickly become one of the best states in the U.S. for solar power with generous Hawaii solar tax incentives and solar rebates available to help substantially lower the cost of solar. But why Hawaii solar? First, Hawaii has always been blessed with abundant natural resources, particularly the sun. In fact, detailed studies on Hawaii solar radiation as far back as 1978 have long shown that Hawaii has ideal conditions to harness solar energy. Above and beyond Hawaii’s ample supply of sun, Hawaii imports approximately 90% of its energy in the form of fossil fuels which means that Hawaii residents pay some of the highest electricity rates in the country. In addition, Hawaii residents suffer from and are continually susceptible to substantial spikes in their electricity prices as a result of the global demand for fossil fuels.
So in an effort to diversify their sources of energy, in 2007, Hawaii enacted a series of laws and financial incentives to aggressively promote the adoption of renewable energy in the state as well as take advantage of Hawaii’s abundant resources to produce clean energy. As a result, Hawaii has some of the best solar incentives available for its residents to help lower the cost of solar. So whether you live on the Big Island, Oahu, or Maui and want to go solar, there will be a rebate and/or incentive that will help make Hawaii solar power a reality for you. By investing in solar energy, Hawaii residents can insulate themselves in spikes in their electric bill but they can also substantially lower their electric bill. For example, if your average electric bill is $150/month, solar power in Hawaii may be able to save you over $1,250 each year!!
Home Solar Financing
While many Hawaii residents may be excited at the prospect of investing in solar, since the average residential solar system can cost between $15,000-$25,000 after rebates and incentives, this may represent too large of an upfront investment for most people. Not too worry…our Hawaii solar installation partners recognize this have developed a number of solar financing options to help residents invest in solar power without having to come up with such a large up-front payment. Whether it is a great interest rate on a home equity loan, a solar lease, or a power purchase agreement, there are plenty of options for consumers to consider making Hawaii solar a reality. So even if you do not think you can afford the cost of solar up front, make sure you still talk to Hawaii solar partners who educate you on all available solar financing options.
Hawaii Solar Rebates and Tax Incentives
One of the great facts about solar in Hawaii is that there are large number of Hawaii solar rebate programs and Hawaii financial options that exist to make it easier to afford solar power for your home. Whether you live on the Big Island, Maui, or Oahu, solar is economically viable and there are solar rebates and/or incentives that will help make solar installation a reality for you. There are great rebate and incentive programs available from major Hawaii Utilities such as Hawaii Electric Light Company (HELCO), Kauai Island Utility Cooperative (KIUC), and Maui Electric Company (MECO) as well as numerous other HI municipal and county electricity providers. Our professional solar installers are up to date on all of the applicable solar incentives based on where you live to save you as much money as possible.
Home Solar Benefits
There are a number of benefits of home solar power: (1) solar systems can lower your electric bills by 70-100% or more, saving homeowners thousands of dollar annually on their electric bills; (2) current Hawaii solar rebates and incentives will often save you nearly 50% off the price of solar roofs and shingles, (3) installing a Hawaii solar panel system can increase the value of your home by $20,000-$40,000; (4) many Hawaii solar companies are offering great financing programs so you can get solar for as little as $0 down; and (5) you can protect yourself from rising costs of electricity…electricity prices are expected to go up 3-10% per year so even with only a 3% percent increase per year, utility bills will double by 2035! Save today and lock in your utility rates for tomorrow with HI solar energy!
Installing solar panels on your home is a substantial investment: make a payment now and get a big return in the future. To ensure a positive ROI and the success of your solar panels, you need to hire the right Hawaii solar energy installer who can guide you through all of the steps to install solar – from financing and finding the right rebates and incentives to installation and maintenance – and avoid typical mistakes when going solar. Our Hawaii solar energy partners are all certified Hawaii accredited professionals so you can feel comfortable that you are getting quotes from reputable and professional solar installers.