If you live on Oʻahu, you’ve probably noticed more solar panels popping up on rooftops. That’s because solar energy isn’t just good for the planet—it’s also a smart investment for homeowners. Here’s why making the switch to solar can be a big win, especially with all the rebates and incentives available.
🌞 Why Solar is a Smart Choice on Oʻahu
-
Plenty of Sunshine
-
Oʻahu gets sunshine almost year-round, making it an ideal place for solar panels to soak up energy and save you money.
-
-
Lower Your Electric Bill
-
Hawaiian Electric rates are among the highest in the U.S. Solar helps cut your electric bill drastically, especially if you have a larger household or use a lot of power.
-
-
Energy Independence
-
With solar and battery storage, you can worry less about blackouts or rising electricity costs. You create your own power and rely less on the grid.
-
-
Increase Your Home Value
-
Homes with solar systems often sell faster and at higher prices. Buyers love the idea of moving into a home that already saves them money.
-
💸 Rebates & Incentives to Know
Switching to solar can feel like a big upfront cost, but there are some great programs that help make it more affordable:
-
Hawaii State Tax Credit
-
Hawaii offers a 35% state tax credit for residential solar systems (up to $5,000 per system). That’s money back in your pocket at tax time!
-
-
Federal Solar Tax Credit (ITC)
-
On top of the state credit, you may qualify for a 30% federal tax credit. This is available through at least 2032 and can significantly reduce the cost of your solar installation.
-
-
Battery Bonus Program
-
Hawaiian Electric offers cash incentives for homes that install a solar battery and allow it to provide power during peak times. You could earn thousands in incentives by participating.
-
-
Net Energy Metering (NEM+)
-
If you already have a solar system, you may be able to expand it and continue to get credit for extra energy sent to the grid.
-
🌴 Bottom Line
Solar is a powerful way to reduce your electric bill, lower your carbon footprint, and add value to your home. And with generous state and federal rebates, it’s more affordable than ever. Whether you’re a longtime homeowner or just starting out, it’s worth looking into solar as a long-term investment for your home and your wallet.