Rebates & Tax Credits

Better then ever before in history! HECO, the State & Federal government are willing to pay almost all of your hot water system costs! This is good until 2008!

Call us!

Phone: 808-671-5566

Don't miss out on this opportunity to lock in massive savings!

See the Savings:

Systems Installed Beginning July 1, 2006 (reflects a change to Hawaii Tax Law)
Average Cost of solar water heating system $5,250.00+
Less Instant Hawaiian Electric Rebate** -$750.00
Customer Payment to the Contractor $4,500.00
Federal Tax Credit (30%)* ($4,500 X 30%) -$1,350.00
State Tax Credit (35%)* ($4,500 X 35%) -$1,575.00

NET SYSTEM COST TO CUSTOMER $1,575.00

Systems Installed through June 30, 2006

Average Cost of solar water heating system $5,250.00+
Less Instant Hawaiian Electric Rebate -$750.00
Customer Payment to the Contractor $4,500.00
Federal Tax Credit (30%)* ($4,500 X 30%) -$1,200.00
Adjusted System Cost $3,300.00
State Tax Credit (35%)* ($3,300 X 35%) -$1,155.00

NET SYSTEM COST TO CUSTOMER $2,145.00

(Retrieved from HECO Residential Services on09/11/07)

 

Forms

Federal - Residential Energy Credits
State - Renewable Energy Technologies Income Tax Credit

Links
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