Average Cost Of Solar Panels In Hawaii

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.

Average cost of solar panels in hawaii.

State solar tax credit 5000. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. 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. With the average system size tallying in at 6 kilowatts this means.

Find out how you can control your energy costs with a custom solar setup of your own. Contractor prices may also vary. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. Hawaii solar power overview.

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. For an average size system of about 5 kw the out of pocket cost of the solar array would be 25 000. Hawaii is an ideal place for home solar in the united states. Your cost may vary as different household needs require different sizes of solar water heating systems.

Hawaii solar panel cost breakdown 5kw install. Purchasing a solar system can cost anywhere between 15 000 and 29 000. Average lease costs are between 50 250 per month based on the size and overall production of your system. 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.

Sample cost example for island of oahu. Hawaii solar financing options. The time to go solar in hawaii is now. Fortunately for us that gets knocked down quite a bit by the following.

High installation costs keep many homeowners from buying and installing solar panels that they own. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Solar panel cost data hawaii 2020 updated. Sample cost example for islands of hawai i maui molokai and lanai.

The average cost of installing solar panels is 3 05 per watt according to solar comparison shopping marketplace energysage. 7 000 is the average system cost for existing home retrofits. But now there s a whole new way to get home solar in hawaii. Although going solar makes a lot of sense it can be expensive to buy and install home solar panels.