Average Cost Of Solar Panels In Hawaii

Solar panel cost data hawaii 2020 updated. Purchasing a solar system can cost anywhere between 15 000 and 29 000. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

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The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Average cost of solar panels in hawaii. Find out how you can control your energy costs with a custom solar setup of your own. Your cost may vary as different household needs require different sizes of solar water heating systems. In many instances solar providers offer free system monitoring maintenance repairs and insurance for the duration of your solar lease. Hawaii solar financing options.

Average lease costs are between 50 250 per month based on the size and overall production of your system. As of sep 2020 the average cost of solar panels in hawaii is 2 67 per watt making a typical 6000 watt 6 kw solar system 11 837 after claiming the 26 federal solar tax credit now available. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage.

State solar tax credit 5000. The high cost of electricity lots of sunshine a state tax credit and the federal tax credit means that homeowners can get an excellent return on investment by installing residential solar panels in the aloha state. Hawaii solar power overview. But now there s a whole new way to get home solar in hawaii.

Hawaii solar panel cost breakdown 5kw install. Adding another 4 5 kw of solar panels should eliminate most of the rest of your 190 monthly bills and cost somewhere around 12 000 15 000 before the 26 federal tax credit and hawaii s own 35 tax credit. Although going solar makes a lot of sense it can be expensive to buy and install home solar panels. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

Contractor prices may also vary. Hawaii is an ideal place for home solar in the united states. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Sample cost example for island of oahu.

7 000 is the average system cost for existing home retrofits. 30 federal solar tax credit 6000. High installation costs keep many homeowners from buying and installing solar panels that they own. Fortunately for us that gets knocked down quite a bit by the following.

The time to go solar in hawaii is now. With the average system size tallying in at 6 kilowatts this means. Sample cost example for islands of hawai i maui molokai and lanai. If solar power here is almost 240 more cost effective than the rest of the nation 5 it wouldn t be wise to let another sunny hawaiian day go to waste.