Here’s Your Ray of Light
With the state’s solar tax credits still around, it’s a great time to go solar
Alternate Energy’s solar pros report that the hotly contested solar tax credit bill, SB 623 and SD 2HD 3, has died in committee. This means Hawaii’s generous solar tax credit is still available, at least for the time being.
“Now is the time to go solar,” said Bruce Ekimura, founder of Alternate Energy.
He’s right. Now, while the company’s 35 percent or $5,000 maximum state solar tax credit, and even multiple system tax credits, are still available for each qualifying system installed in a tax year, it’s the perfect time to get a PV system on your home or business.
According to the Temporary Administrative Rules that took effect Nov. 16, 2012, a system is defined by its total power output capacity rather than by the number of independent physical connections to the grid.
Each system for which a credit is claimed must have a total power output capacity of at least 5 kilowatts (kW) before a homeowner can claim a second system for tax credit purposes.
The Temporary Administrative Rules can actually reduce your upfront cost (as compared to previous rules) by reducing the need for multiple electrical hookups, additional inverters and installation labor associated with setting up several “systems” as defined by Hawaii’s old rules. This is all while keeping your rate of payback steady at just three to five years.
Alternate Energy was the 2012 No. 1 residential solar contractor in the state. They’ve been installing solar systems for Hawaii families for 20 years, always operating in the best interest of their customers, friends and family.
“All the conjecture and misinformation about the changes to the solar tax credit this legislative session resulted in a lot of delay and confusion,” said Ekimura. “But right now the bottom line is, the bill has died, the Temporary Administrative Rules are still in effect and there will never be a better time to go solar in Hawaii.”
If reducing energy bills right now is the goal, Solar PV from Alternate Energy is the best investment Hawaii homeowners can make.
ALTERNATE ENERGY INC.
contact // 842-5853 (Oahu) • 872-9592 (Maui)
address // 96-1276 Waihona St. # C124
web // www.alternateenergyhawaii.com