Tax Incentives

 

30% Federal Tax Credit on PV system cost

35% Hawaii State; Tax credit on PV system cost with a cap of $500,000 per system per year for commercial installation; with a cap of $5,000 per system per year for residential installation

5 year accelerated depreciation benefit (MACRS) on PV system cost

50% Bonus Depreciation for year 2009 & 2010 on PV System cost

Revenue from sale of Renewable Energy Credits (REC) Revenue from sale of SOX/NOX credits