Rooftop Solar in Hawaii: Costs, Incentives and Top Companies
Hawaii is widely regarded as one of the best states for solar energy in the United States, thanks to its favourable climate and progressive state policies. Rooftop solar systems offer residents and businesses an effective way to reduce their energy bills while promoting a clean environment. This article delves into the costs, incentives, and top solar companies in Hawaii.
Costs of Rooftop Solar in Hawaii
Installing a rooftop solar system in Hawaii can be a significant investment, but the long-term savings can more than offset the initial costs. On average, a residential rooftop system in Hawaii may cost between $15,000 and $25,000 before incentives or rebates are taken into consideration. This figure may fluctuate depending on factors like system size, installation complexity, and equipment quality.
The price per watt for rooftop solar installations significantly decreased over the past few years, making it more accessible to homeowners. A typical cost per watt for residential installations ranges between $2.50 to $3.50 per watt.
Incentives for Rooftop Solar in Hawaii
To encourage the adoption of renewable energy sources like rooftop solar panels, several incentives are offered by both the state government and utility companies.
1. Federal Solar Tax Credit (ITC): Available nationwide, this program offers a 26% tax credit on eligible solar expenses, reducing overall installation costs.
2. Tax exemptions: Hawaii residents benefit from property tax exemptions for residential installations and sales tax exemptions on material purchase.
3. Net Energy Metering (NEM): Net-metering allows homeowners to connect their solar arrays directly to the electrical grid and receive credits for excess power generated by their systems.
4. Feed-in Tariffs (FIT): Depending on your location within Hawaii, some utility companies may offer FIT contracts which guarantee payments for accumulated power generated over a specified period of time.
Top Companies for Rooftop Solar in Hawaii
Several top-notch firms specialize in rooftop solar installation and maintenance in Hawaii. These companies are known for their quality service and customer satisfaction.
1. Haleakala Solar: With over 40 years of experience, Haleakala Solar has established itself as a leader in the residential and commercial rooftop solar market. They provide comprehensive services such as design, installation, and maintenance for both photovoltaic and solar water heating systems.
2. Sunrun: As one of the largest residential solar installers in the US, Sunrun offers customized solutions to fit homeowners’ needs and budgets. Their plans include system monitoring, maintenance, repairs and insurance for complete peace of mind.
3. RevoluSun: RevoluSun provides high-quality solar energy systems with a focus on sustainability and competitive pricing. Besides photovoltaic installations, they also offer smart home technologies like energy storage systems, electric vehicle chargers, and demand response devices.
4. Tesla Energy: Tesla’s reputation for innovation extends to their rooftop solar installations in Hawaii. They offer the Tesla Solar Roof, which combines sleek aesthetics with durable roof tiles that contain discreetly embedded solar cells.
In conclusion, Hawaii offers an ideal environment for rooftop solar with numerous financial incentives and experienced companies available to support homeowners with installation. By taking advantage of government policies, it’s possible to make a long-lasting renewable investment that not only saves money on energy bills but helps create a cleaner future.