Reasons to Consider Using Solar Energy Companies in Hawaii
Using solar power to offset some or all of a home’s electricity costs is tempting, but more suitable in some locations than others. There are a number of reasons why Solar Energy Companies in Hawaii are so popular.
Lots of Sunlight
The more hours of sunlight that shine on a home during the day, the more solar power can be generated. Hawaii tends to have strong sunlight throughout the year, making it a good bet for solar power being able to help reduce energy costs. The high feasibility of solar power is part of the reason why Hawaii is aiming to use 100 percent renewable energy sources by 2045.
High Electricity Costs
Another reason why it can be so beneficial to contact Solar Energy Companies in Hawaii is the high energy costs in the state. These are among the highest in the country, costing three to four times as much as on the mainland, as everything needs to be imported to the islands. Currently, about 7 percent of the state’s electricity comes from solar power. It was the first state in the U.S. to achieve grid parity for photovoltaic (or solar) energy.
There are some possible tax credits available for those switching to solar energy, potentially covering up to 35 percent of the cost of installing a system through the state tax credit and an additional 30 percent from the national tax credit. These tax credits are the second highest available in the United States.
Over the last five years, prices for installing solar energy systems in Hawaii have gone down about 64 percent, making it more affordable to switch to solar power. In fact, at least 188,000 homes are now powered by solar energy in Hawaii, making it so it ranks 12th in the country in terms of solar power use. As of 2012, the average solar energy system in the state paid for itself in just four years, and over the life of the system generated profits of about four times what the system cost.