Professional cleaning services average $3 – $10 per panel, or a flat rate of at least $100. Take the time to research installers in your area. Ask multiple installers for quotes, and compare their reviews and equipment used. The most accurate way of determining the solar panel installation costs for your home in Hawaii is by getting estimates from local solar installers. It is important to note that you are not the owner when leasing a solar system; the company you lease from is. A total price for an average system in Hawaii will cost you about $10,500 dollars. Choosing the wrong solar company can lead to performance issues and affect your return on investment. The cost of solar panel installation varies based on which city or county in which you live. In 2012 a typical solar system in Hawaii paid for itself in only 4 years, and returned a profit of over 4 times the cost over its life. This cost calculator uses Google Earth images to look at your roof’s shape and determine local weather, two factors that significantly impact the cost. Use solar energy to power your home and reduce your dependence on the grid. Researching these purchases ahead of time can save you thousands of dollars on installation costs. While the large national-level solar providers may seem like the easiest option, they tend to have higher customer acquisition costs than local providers, which could mean higher prices for the customer. When we’re talking about the cost of solar panels in Hawaii, we’re generally talking about the whole solar installation, not just the panels themselves. With the recent changes to solar interconnection, it is more important than ever. Don’t buy more PV … During this inspection, the contractor searches for cracks or issues with the system—the price to repair solar panels averages around $650. Through education, research, and relationships with installers and suppliers, Solar Metric helps consumers connect with the right installers, find solar products to fit their lifestyles, and learn more about solar energy. That’s right, although you may be out a few grand initially the solar (investment) array will pay you back after just a few years. A breakdown of average solar power and savings per month is below. More studies are needed for a comprehensive look at rates nationwide, but the data looks promising. Fortunately for us, that gets knocked down quite a bit by the following: So at the end of the first year after installation, the true cost is only $11,314. Cleaning your own panels is an option but be sure to speak with your installer before trying it yourself. Island Solar Service can be reached through its website at islandsolarservice.com, or by phone at (808) 833-1000. If you qualify, you can save a combined total of 65% of the cost of your installation. Purchasing a solar system can cost anywhere between $15,000 and $29,000. Let's take a 5KW PV system, which is the average residential system installation. The Better Business Bureau gives it an A+ rating for quality and service. Each offers $0 down, and your monthly payments will most likely be less than your current electric bill. There are a few final things to keep in mind before running through quote software: generally a solar installer will take a look at your roof and evaluate things like shading and proper orientation of the panels. Hawaii Solar Panel Costs 2021 The average cost for a 5 kilowatt (kW) solar installation in Hawaii is $13,350 and $9,879 after the federal tax credit. If buying your system outright isn’t an option, look into solar loans and solar leases. The transportation costs for a solar company 10 miles away are lower than a solar company 90 miles away. The average cost per watt of installing solar panels … A large amount of the cost can be offset by tax credits, rebates, and incentives. Regular cleaning of your system keeps it running smoothly, and an inspector will alert you if a problem arises. An annual inspection costs about $150 per year. State-level figures are estimates, so check with local installers to determine rates in your area. Purchase solar at the lowest price of any national provider with Tesla's price match guarantee and take control of your monthly electricity bill. Currently in Hawaii, participating utility companies (HECO, MECO and HELCO) are paying $0.218/kWh for solar panel systems that are less than or equal to 20 kW; and $0.189/kWh for solar panel systems that are greater than 20 kW and less than or equal to 500 kW. If the numbers make sense, going solar will be a good decision. However, most installers estimate solar costs by the amount of energy needed, at $2.53 to $3.15 per watt before any tax credits or incentives. Your roof’s size and configuration will likely impact your solar installation cost. As we like to point out, solar is the only home investment that pays for itself. The cost of solar panels to power your house are $4 to $10 per square foot. You’re wise for researching the cost of installing solar panels. Carbon Offsets, Why More States Are Turning to Clean Energy: Lessons From California. So just remember that there are a number of variables that play into the cost of the system, but in the end you’re looking at whopping financial savings by going solar. Hawaii Solar Financing Options. In Hawaii, the average cost to install a 5kW solar energy system at your residence is about $25,000. You can also speak with neighbors about how happy they were with their installer. They are custom-based on the home, roof type, shading, and utility. However, significantly older roofs may need replacement before the system can be installed. Your cost may vary as different household needs require different sizes of solar water heating systems. Find Out Now. Lock in low, predictable monthly rates and stay covered with our industry-leading Sunrun Guarantee. After passing this mark, the amount you’ve saved on electricity would have paid for the cost of your system. Ask your solar provider in Hawaii for more details on the best option to finance your PV system and what you need to do to access the funds for tax incentives. Paying for your solar panels upfront means that you are the owner of your system. Does Your House Qualify for Solar? Since solar panels tend to last for 20-30 years, the age of your roof may impact the overall lifetime costs of your system. A 2014 source said that installed solar panel cost was $4.04 per watt. For example, if a customer lives on the island of Maui, and they are paying $.20 per kWh (kilowatt hour), another customer on Oahu may only be $0.159 for each kilowatt per hour. The best way to see the true cost breakdown for your property is to get a solar quote from a trusted solar installer. In some places, the average 20-year savings from going solar are $10,000, while in other places, the average savings are over $40,000. Also, be sure to check out who we think are the best solar companies in HI. Hawaii's 35% ($5000.00 Maximum) state tax credit is the second highest in the country, behind Louisiana. The significant investment is actually in labor and overhead costs. But now there's a whole new way to get home solar in Hawaii. The Best Solar Companies in South Carolina 2021. Rather, prices are based on the quality of the panels, where they are produced and by whom. HI residents pay an average of 29 cents per kilowatt-hour (kWh). There’s no universal price for low cost solar panels in Hawaii. By covering your home’s entire electrical needs with solar energy, you will eliminate future electric bills. No two solar power systems are the same. Purchasing an oversized system for your home can cost you thousands of dollars for extra panels and battery capacity, and even more when excess energy goes unused. In most cases, should you need to replace your roof a few years down the road, panels can be removed and reinstalled. We don’t need to remind you how expensive electricity is in the state of HI! In all seriousness, we just showed yesterday (when looking at how much solar power costs) that solar power is basically “worth it” for people all across the country. The complete installation takes into account the equipment (panels, inverters, wiring) and the labor itself. Start by determining how many solar panels you will need or how many panels your roof can accommodate. That’s correct, in total savings on electricity you will actually earn a cool six figures over the next 20 years. [29] This is a great question and the first thing people usually ask about solar energy. option, they tend to have higher customer acquisition costs than local providers, which could mean higher prices for the customer. With the Hawaii GEMS program and excellent financing options, Solar PV installations have become much more affordable. Add a header to begin generating the table of contents, Researching these purchases ahead of time can save you thousands of dollars on installation costs. Hawaii residents will usually generate the most power in August. Investing in Solar Power in Hawaii will pay for itself in about 4 years So what is the cost here? Island Solar is a member of the Electric and Gas Industries Association (EGIA) and the Hawai’i Solar Energy Association. It will also ask for your electric bill information to estimate how many solar panels you’d need to fit your energy requirements and what the cost would be. More good news: Hawaii is also the healthiest state in the nation and has been named healthiest nine Many people don't consider solar PV because of what they think it costs. A 2011 source referenced $8 a watt for a system installed in 2010, if that gives you any indication of how much prices changed in the four-year period. Minimal maintenance is needed throughout the year, mainly cleaning and inspection. Although going solar makes a lot of sense, it can be expensive to buy and install home solar panels. You should consider these potential expenses. Keeping the 20+ year lifespan of solar panels in mind, this amounts to considerable savings over time. Solar Power by Month in Hawaii A 5kW system will save someone in Hawaii about $294.93 on an average month. Read on to learn more about solar panel costs in Hawaii. Note that there are always other financing options available but we’re assuming you want the biggest payback possible, which only comes by buying the system outright. Fortunately for … Not bad! For an average size system of about 5 kW, the out of pocket cost of the solar array would be $25,000. See our posts on the. Remember that what you’re really looking for is not just the system cost, but the total ROI, or return on investment. You can then compare funding options for your project. Sky High Utility Rates Hawaii has the highest electricity rates in the United States with an average price of.33 cents per kWh. Solar companies will install solar panels on your home – either through an upfront cost, lease, or payment plan. Once your solar power system is up and running, it is typically self-sufficient. The length of time it takes your energy savings to offset the initial investment is called the payback period. Most homes within the U.S. will pay at least $18,000 for the average solar panel system but single family home PV systems are about $15,000 in Hawaii. Additionally, choosing a solar company closer to your home can sometimes save you money. But even with these high costs, Hawaii’s sky-high utility rates make rooftop solar an excellent long-term investment. However, prices have dropped since then. Does It Pay Off to Make Your Home Energy Efficient? However, in order to get a clear idea about the cost for solar panels in Hawaii, you should consult with a professional. Average Home Installation Costs in Hawaii. SolarMetric.com is leading the charge in helping smart consumers choose solar energy. Top Cities By Population: Honolulu, Pearl City, Hilo, Waipahu, Kailua, Kaneohe, Kahului, Mililani Town, Ewa Gentry. Hawaii Solar Panel Cost Breakdown – 5kW Install For an average size system of about 5 kW, the out of pocket cost of the solar array would be $25,000. While the large national-level solar providers may seem like the. Expect to save over $200 a month in electricity costs. Some aspects that factor in are how steep your roof is, if it has one or multiple levels, and if your roof has skylights or other similar items. Solar is an investment, and in places like Hawaii the cost of solar is low compared to the total you save on electricity over the life of the system. However, there is some variance in solar prices in … For example, solar panel costs in Honolulu might be slightly different than the same solar panel system in Pearl City. The average cost for a 5 kilowatt (kW) solar installation in Hawaii is $13,350 and $9,879 after the federal tax credit. In a recent study, the average U.S. home with solar power has a 4.1% increase in value when compared with similar homes without solar panels. Purchasing a solar energy system for your home is a long-term investment and is not a simple decision. This makes investing in solar panels a financial no-brainer if you plan on staying your home. The average cost per watt of installing solar panels in HI is $2.67 per watt. Installation for the average 5kW system ranges from $11,100-$22,400. It’s a bit of a trick though because the true cost depends on a number of factors (which we’ll cover here). This is 164% higher than the national average of 11 cents per kWh. Going solar is an investment and requires some research and planning. Monthly Plan. A 20-30 year warranty often covers solar panels, so you’ll enjoy clean and mostly free electricity well after you hit this mark. Hawaii has not set rates for systems that are greater than 500 kW just yet. Owning gives you some substantial benefits, including an increased home value. A common misconception is that panels are the most costly part of a solar system, but they only make up about one-third of your total cost. They’ll also size the system according to your needs, and this is the most important factor in the cost of the system: the number of solar panels they end up putting on your roof. Installing rooftop solar in Hawaii costs about $3.50 to 3.75 per watt. The best part is your total ROI on a 5kW solar panel array in the 20 years after the system pays for itself: $116,623. Check with an appropriate taxing authority for your tax credit eligibility. The extra costs often get passed through to the customer. This is $2.67 per watt. For reference, a typical rooftop solar system in the U.S. is 5 kW or 20 250-watt panels. **Hawaii Revised Statute § 235-12.5 (b)(1)(A) caps the credit at $2,250 per system for single-family residential properties. Learn more about your potential savings in our Design Studio. Based on a review of a number of local solar companies, as of August 2020, the average cost for solar panels and their installation is $3.38 per watt in the entire state of Hawaii, meaning the typical 6000 watt (6 kW) solar system would be $20,280. Lease new Sunrun solar panels in Hawaii for little to $0 down. The average payback period on a residential solar system in Hawaii is 5 years. Determining the cost of solar panels for your home is not as simple as shopping for a car. A few important things to keep in mind: With those points in mind, let’s talk a little more about pricing, and the sorts of numbers you might see. Are solar panels worth it in Hawaii? Remember that solar power systems are designed to meet your finances and energy needs. Hawaii had the lowest employee costs for single coverage in the nation in 2017 at $675, which was less than half of the national average of $1,415. Solar panels manufactured in the United States are rated among the best in the world. This is a bit higher than the average US cost, since Hawaii installers generally have higher sales and marketing costs as well as higher overhead.. Top 5 Tips to Protect Your Residential Solar Panels from Birds, The Positive Impact of Solar Energy on the Environment, Benefits of Solar Energy vs. Below are cost estimates based on home size. Installers frequently offer warranties to cover the system’s performance. If the damage results from inclement weather, your homeowner’s insurance may cover some of that expense. Data on overall system costs are usually in terms of the number of DC Watts (the panels’ total wattage). We invite you to contact us for a free estimate and we'll tell you how much you'll have to pay and the potential long term savings you may see on your utility bills. According to a recent Zillow study, no city saw a drop in property value when the owner purchased solar panels outright. Learn More. How do solar panel systems work? The way a solar … Call Pacific Energy at 808.280.8135 and we’ll tell you everything you need to know about why you should consider installing a solar system, how much it costs and what’s the best way to finance your investment. 1 Increase Your Energy Independence With home solar + battery storage, you can store excess solar energy to use at a later time, even when the sun is down. Solar Costs. Project Sunroof is a great resource to help estimate the cost of your property’s solar project. The average cost for an installed residential solar system in Hawaii is currently $11,837 after claiming the 26% federal solar tax credit. (even if you don’t, the panels will raise the value of the property). Find out why homeowners are choosing solar in 2021. For this same array, expect to see about a 4-5 year payback time. Contractor prices may also vary. Solar power prices, savings and payback in your part of Hawaii. On the other hand, in Hawaii, customers receive what is known as a reduced cost credit for the extra electricity. EXPLORE SOLAR PANEL INSTALLATION SERVICES Only the owner can claim the tax credits and rebates. Feel free to browse our list of solar companies in Hawaii. We recommend that you get around 3 free estimates from reputable, local solar companies. A typical solar energy system consists of the following components: The success of your solar investment is greatly affected by the company you choose to install your system.
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