Solar Savings Calculator for Hilo, HI
Homeowners in Hilo pay an average of $290/month for electricity through Hawaii Electric Light. With 4.8 peak sun hours per day, solar panels can significantly reduce your energy costs.
$290
Avg Monthly Bill
44¢/kWh
Electricity Rate
4.8h/day
Peak Sun Hours
$115,987
Est. 25-Year Savings
Calculate Your Savings in Hilo
Adjust Your Details for Hilo, HI
$
$50$1,000
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Your Estimated Solar Savings
System Size
4.8 kW
Panel Count
12 panels
Total System Cost
$14,880
Federal Tax Credit (30%)
-$4,464
State Tax Credit (35%)
-$5,208
Net Cost
$5,208
Annual Savings
$3,480
Payback Period
1.5 years
25-Year Savings
$115,987
Return on Investment
2,227%
* Estimates based on 4.8 peak sun hours/day in Hilo, HI, system cost of $3.1/watt, 30% federal ITC, 35% state tax credit, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Hilo
Utility & Permits
- Utility Company
- Hawaii Electric Light
- Permit Cost
- $475
- Permit Timeline
- 4-6 weeks
- Net Metering
- partial
System Estimates
- Recommended Size
- 4.8 kW
- Panel Count
- 12 panels
- Gross Cost
- $14,880
- Net Cost (after credits)
- $5,208
Available Incentives for Hilo, HI
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Hawaii Solar Tax Credit
State income tax credit for solar installations, one of the most generous in the nation.
Other Cities in Hawaii
More Solar Tools for Hilo
Hilo Solar IncentivesAll available tax credits and rebatesHilo Cost ComparisonSolar vs. grid costs over 25 yearsHilo System SizingHow many panels your home needsHilo Permits & RegulationsLocal permit requirementsIs Solar Worth It in Hilo?Data-driven analysis for your cityHilo Financing OptionsCompare loans, leases, and PPAs
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