Solar Savings Calculator for Honolulu, HI

Homeowners in Honolulu pay an average of $305/month for electricity through Hawaiian Electric (HECO). With 5.5 peak sun hours per day, solar panels can significantly reduce your energy costs.

$305
Avg Monthly Bill
43.5¢/kWh
Electricity Rate
5.5h/day
Peak Sun Hours
$122,689
Est. 25-Year Savings

Calculate Your Savings in Honolulu

Adjust Your Details for Honolulu, HI

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
4.4 kW
Panel Count
11 panels
Total System Cost
$13,640
Federal Tax Credit (30%)
-$4,092
State Tax Credit (35%)
-$4,774
Net Cost
$4,774
Annual Savings
$3,660
Payback Period
1.3 years
25-Year Savings
$122,689
Return on Investment
2,570%

* Estimates based on 5.5 peak sun hours/day in Honolulu, 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 Honolulu

Utility & Permits

Utility Company
Hawaiian Electric (HECO)
Permit Cost
$500
Permit Timeline
4-8 weeks
Net Metering
partial

System Estimates

Recommended Size
4.4 kW
Panel Count
11 panels
Gross Cost
$13,640
Net Cost (after credits)
$4,774

Available Incentives for Honolulu, 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.

30% of system cost

Hawaii Solar Tax Credit

State income tax credit for solar installations, one of the most generous in the nation.

35% of cost, up to $5,000

Other Cities in Hawaii

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