| While the federal government has created | | | | than a tax deduction because it is applied |
| incentives for going solar, they are but a | | | | directly to the amount of tax you owe, not |
| drip in the bucket compared to incentives | | | | your gross income. In this case, going solar |
| being offered in Hawaii. | | | | more or less wipes out any state tax bill you |
| | | | would have. Talk about motivation! |
| Homeowners In Hawaii Get Windfall With Solar | | | | |
| Power | | | | On top of panel systems, Hawaii has moved to |
| | | | promote thermal and water heating through |
| There is a move afoot to wean ourselves from | | | | solar. Those installing solar thermal systems |
| fossil fuels. The federal government has | | | | get back 35 percent of the actual cost or |
| attempted to promote the use of solar among | | | | $2,500. If you prefer to go with a solar |
| homeowners through tax credits. The state of | | | | water heating system, the state is forcing |
| California has recently supported this by | | | | utilities to give it to you for free upfront. |
| passing over three billion dollars in similar | | | | A small monthly payment is then added to your |
| incentives. Alas, Hawaii has trumped them | | | | utility bill until the system is paid off. |
| all, making it foolish not to go with solar | | | | Given the cost savings of solar water |
| power. | | | | heaters, this essentially means you get the |
| | | | system for free. |
| Governments are infamous for promoting | | | | |
| societal changes via peoples' bank | | | | Showing that the state is serious about |
| accountants. Do what the government asks and | | | | solar, it has offered outrageous tax credits |
| you save money. Fail to do so, and you will | | | | to commercial property owners as well. If a |
| spend far more. Hawaii has taken this | | | | commercial property is converted to solar in |
| approach to a new level. | | | | Hawaii, the owner can get between $250,000 |
| | | | and $500,000 in tax credits. That is an |
| To promote solar use by homeowners, the state | | | | absolutely huge number. |
| has passed some amazing incentives. | | | | |
| Homeowners converting their residences to | | | | Obviously, Hawaii is a state with year around |
| solar get an upfront tax credit of up to | | | | sun. Now homeowners can enjoy it at the beach |
| $5,000. A tax credit is far more valuable | | | | and on their tax return. |