State & Federal Tax Credits
Federal Tax Credit
Available for systems that are “placed in service” between Jan 1, 2009, and Dec 31, 2016.
Residential Tax Credit: 30% of installed cost.
Federal Tax Credit Questions; Solar Industries Association 202-682-0556 www.seia.org.
NOTE: HEC is informing you of the available tax credits only. You should consult with your accountant to determine how the available tax credits affect your individual tax situation.
Hawai’i State Tax Credit
Hawai’i’s Renewable Energy Tax Credit (Act 240) provides a State Tax Credit for Renewable Energy Systems installed after July 1, 2006. (Credit available “Per System”“Per Year”) – Single Family Residential Property: 35% of installed cost or $5,000, whichever is less. – Multi Family residential Property: 35% of installed cost or $350 per unit, whichever is less.
State Tax Credit Questions; Taxpayer Service Branch 587-4242, Outer Islands 1-800-222-3229
