Reasons to Install Solar Now
We don't need to tell you that life in paradise is expensive, especially when it comes to your monthly electric bill. Slash your monthly electricity costs today and protect your bill from rising tomorrow by installing PV. Here are several great reasons to do it now.
1
Hawaii residents pay the highest electricity costs in the nation.
  Electricity Cost Typical Monthly Bill
Island of Oahu 33.5¢ / kWh $209.82
National Average 11.5¢ / kWh $67.10

Compared to the rest of the country, energy rates in Hawaii can be 2x, 3x, or even higher. Source: based on “effective rate summaries” released by Hawaiian Electric Company, September 2012 and typical Hawaii residential customer kwh use per month (600); National Average Source: Hawaii Energy.

2
You can reduce your electric bill right away.
A 2.5 kW system can cut a typical electric bill in half, while a 4.5 kW system can almost eliminate that same electric bill.
3
You can prevent rising electricity costs tomorrow.
About 90 percent of the electricity we use in Hawaii to power our homes and fuel our cars comes from imported oil. The cost of fossil fuels (fuels mostly derived from oil) is only expected to increase over time. A properly installed and warrantied photovoltaic system can last up to 30 years or longer. That means you’ll continue to reduce or even eliminate your electricity bill, even if electricity costs rise.
4
Financial incentives are high (but they won’t be around forever!).
The federal income tax credit is set to expire on Dec. 31, 2023. In addition, “Unlike the federal tax credit, the state tax credit has no expiration,” says Mallory Fujitani, public information officer and state legislative coordinator for the State of Hawaii Department of Taxation. However, it is always within the purview of the state legislature to amend the law if it believes that the state’s policy of offering a tax credit needs to be modified.” In fact, due to the disastrous impact of the COVID-19 virus on Hawaii’s economy, the state credit is being re-evaluated right now by the State Legislature.
5
Financial help is available for system purchase, and interest rates are still low.
Many local banks now offer solar finance plans with competitive interest rates for those who qualify. A few even offer 6 months of $0 payments, giving you a head start on your solar savings.
6
PV is likey to increase the resale value of your home.
A recent study of 72,000 California homes by the Lawrence Berkeley National Laboratory found “... strong evidence that homes with PV systems have sold for a premium over comparable homes without PV systems,” as much as $17,000 more, on average.
7
Solar energy is cool, it’s the future, and the future is now.
While the phones, TVs, cars and fashionable clothes we buy may improve our lives for a while, not many of these items pay us back over time. The opposite is true with PV. When you invest in a photovoltaic system, you jump on the cutting edge of solar technology. Your system can pay for itself in five years or less, and it puts even more money in your pocket as the years progress.