Energy Costs have increased approximately 30% in the last year on Maui

Currently Residential Rate is 27¢/kWh vs 22.5¢ in 2005.  A solar electric system insulates your monthly energy costs against future rate increases. The cost of a solar system will depend on the energy demand of your home.  The average cost of a home system is $16,000 -- $26,000.  In most cases, your monthly payment for the cost of the solar system will be less than what you would have paid on your electric bill.

Financial Incentives for Hawaii Residents to Go Solar Electric

- The Feds allow a 30% Federal Energy Tax Credit limited to $2,000 per year for residential solar systems installed before Dec 31, 2007
- The State allows a 35% state tax credit limited to $5,000 per year for residential solar systems
- Energy Savings

**Please note that the tax incentive calculations are based on our understanding of the new energy conservation credits described in the SEIA Guide to Federal Tax Incentives for Solar Energy. Please click on the link below to download the manual or consult your tax professional.
You can also email your tax questions to Chief Financial Officer Salma Ansari or click here for a guide on tax incentives (download manual).

Call Rising Sun Solar for a free site survey and quote at 808.579.8287


Save Money, Save Energy
Energy Savings: A Rising Sun Solar Electric system provides a monthly savings on your electric bill by replacing some or all of your purchased utility kilowatt-hours (Kw) with solar-generated electricity. These savings will depend on the size of the installed system, location and the price of electricity, and will be realized every month over the life of the equipment-estimated at 30 years. The savings potential will be even greater should the cost of utility electricity rise over time.

Net Metering
Spin your electric meter in reverse!! A solar electric system changes the dynamics of your relationship with the utility. As a clean energy producer you can "Net Meter" your electricity. In simple terms, if the solar system produces more energy than you are using at that moment in time, your meter will spin backwards-crediting your account at the full retail rate. When your energy needs exceed your system's output your meter spins forward. Your electric meter measures the "net" difference and the utility company bills you for this amount.

In June 2001 Hawaii became the 35th State to adopt a Net Energy Metering Law  (NEM) allowing renewable energy grid connected systems up to 50 kilowatts.

Note: There is no charge from the utility company to become a net-metered customer.