Start Planning for Solar Savings

By Hawaii Renovation Posted in: EnergyExteriorRoofing

Hawaii is perfectly situated for both solar water heating and photo-voltaic energy production. With 2013 rapidly approaching, now is the time to prepare for solar savings.

Let’s consider the latest news in the solar industry. The State of Hawaii Department of Taxation has released temporary administrative rules effective Jan. 1, 2013. These rules change the way tax credits are calculated. Depending on the size of the system, the new rules may or may not affect the amount of state tax credit a homeowner may take in a given year. The federal tax credit remains unchanged.

Regardless of any changes to state tax incentives, photovoltaic (PV) electrical systems continue to be attractive from a financial perspective. With interest rates on savings accounts at historic lows, installing solar energy may be one of the best investments.

For example, a $25,000 system yielding savings of approximately $200 per month on your electric bill equals a 9.6 percent annual rate of return. Have you checked the rates on money-market funds lately? Take a look and you will see what a great investment solar energy is. When federal and state tax incentives are factored in, the returns are even greater. What other home improvement provides such a great return?

If a solar water heating system is part of your improvement project, you will not only have a lower electricity bill and tax credits, you will also benefit from the Hawaii Energy utility rebate of $750. Hi-Power Solar has the expertise to help you with both solar water heating and photo-voltaic solutions.

The savings start as soon as your system is operational. Therefore, you maximize your benefits by taking action now. After all, every dollar paid to the power company is money that will never be recovered.

Is it time for consumers to “pull the trigger” and “go green?” Emphatically, yes!

When speaking with potential solar contractors, always ask if they assign the work to subcontractors or employ their own installers. Hi-Power Solar is a “full-service” contractor with in-house installers. Principals Ron Romero, who has more than 20 years of experience, and Matt Adams, who has more than 17 years of experience, are familiar with City and County building codes and special homeowner association rules. Hi-Power Solar offers top-notch components, expert installation and competitive pricing. The company’s goal is to provide quality systems at fair prices.

Hi-Power Solar welcomes your inquiries. Visit the company’s website at www.Hi-PowerSolar.com, or call 342-0802.

HI-POWER SOLAR
contact // 342-0802
web // www.Hi-PowerSolar.com