When you’re ready to go green with clean energy, one of the key questions you’ll most likely ask will be is it worth going solar on Maui?
Going solar on Maui is absolutely worth it for several key reasons. We’ve explained the most important reasons why it is worth going solar on Maui.
Why is it worth going solar on Maui?
Reduce your carbon footprint
Do you know that the average residential solar PV system decreases about 100,000 lbs. of carbon dioxide over a 20 years period?
The sun is the cleanest source of renewable energy on earth. It is worth going solar on Maui to make the entire island a better place for everyone. Most of the electricity across the country are generated from burning fossil fuels.
Sadly, fossil fuels are harmful to the environment and to plants, humans, and animals. In fact, generating electricity by burning fossil fuels is one of the leading causes of global climate change.
But you can contribute to making Maui and the world a better place by installing solar panels on your rooftop.
Start saving from day one
It is worth going solar on Maui because you can start saving from day one. Going solar guarantees long-term savings because harnessing energy from the sun is absolutely free. In fact, you can start saving from day one once your solar system is up.
Solar power guarantees massive monthly savings by significantly lowering your electric bill through a process known as net metering. This is a billing system used to credit owners of solar systems for contributing energy to the grid. Here are other reasons you shouldn’t miss out on going solar on Maui.
Be eligible for tax incentives
One of the reasons why it is worth going solar on Maui is the tax incentives related to clean energy. Solar energy owners on Maui are eligible for investment tax credit (ITC) also known as federal solar tax credit. The ITC allows solar owners on Maui to deduct 26% of their installation costs from federal taxes lowering their upfront expenses.
Green Energy Money Saver Program (GEMS)
Homeowners who are moderate income earners on Maui are eligible for certain special on-bill financing for their solar systems. These special billings include home batteries, solar water heater, and other Hawaii energy enhancing systems. To be eligible for GEMS, homeowners on the island are required to be connected to either Hawaiian Electric (HECO), Hawaiian Electric Light (HELCO), or Maui Electric (MECO).
Renewable Energy Technologies Income Tax Credit (RETITC)
RETITC is offering a 35% state solar tax credit which is available to acquired residential solar system on the island. Homeowners get up to $5000 tax reduction from RETITC. One of the core benefits of the incentives is that if your RETITC higher than your taxes due, you’re allowed to carry your credit forward until it is used.
Enhanced property value
Installing a solar system on Maui is one of the most effective methods of boosting your property’s value. Solar systems are considered as significant upgrades to your property just like an updated kitchen. Homes with solar systems are sold for higher prices and faster compared to similar homes in the same location without solar systems.
Ready to go solar on Maui or need more information? Contact us now to get started.