Is Solar Worth It in Hilo, HI?
A data-driven analysis based on Hilo's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Hilo
With a 1.5-year payback and 2227% ROI, solar is an excellent investment in Hilo.
1.5 years
Payback Period
$115,987
25-Year Savings
2227%
Return on Investment
$5,208
Net System Cost
$290
Monthly Savings
$3,480
Annual Savings
4.8 kW
System Size
$595
Home Value Boost
Why Solar Works in Hilo
- +High electricity rates (44¢/kWh) mean bigger savings
- +35% state tax credit stacks with federal 30% credit
- +Estimated $595 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Partial net metering — export credits below retail rate
- -Above-average installation costs ($3.1/W) in Hawaii
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