Solar & Battery Regulation & Incentive Programs

Solar Water Heater Rebate

Program Overview


Category:
Financial Incentive
Program Type:
Rebate Program
Implementing Sector:
State
State:
Hawaii
Eligible Storage Technologies:
Solar Water Heat
Website:
http://www.hawaiienergy.com/solar-water-heating
Incentive Amount:
Residential Solar Water Heating: $500 upfront, or
Residential Solar Water Heating Interest Loan Buy-Down: $750
Commercial: $250 per ton
Equipment Requirements:
Must be SRCC OG-100-certified.
Installation Requirements:
Extensive installation requirements; see program web site for details.
Administrator:
Hawaii Energy
Applicable Sectors:
Commercial, Residential, Federal Government
Utility:
Hawaii Electric Light Co Inc, Maui Electric Co Ltd, Hawaiian Electric Co Inc
Last Updated:
08/15/2018
Funding Source
Public Benefits Fund

Eligibility Criteria

EligibilitySectorsTechnologies
max $500.0000
Residential
Solar Water Heat

Summary

Hawaii Energy, a third-party administered public benefits fund, provides incentives for energy efficiency and conservation to customers of the Hawaiian Electric Company (HECO) and its subsidiaries, Maui Electric Company (MECO) and Hawaii Electric Light Company (HELCO). This incentive is available for installations on the islands of Oahu, Hawaii, Maui, Lanai and Molokai.

Residential utility customers in Hawaii, Honolulu, and Maui counties can choose between a direct upfront rebate of $500 or a $750 interest rate buydown. They cannot receive both. The upfront incentive is paid to the installer and deducted from the customer's final bill. The interest rate buydown is paid to participating lenders. The lender, in turn, will provide the customer with a 0% or low interest loan depending on the customer's credit and/or the financial institution. The commercial rebate for solar water heaters take a prescriptive approach, but are evaluated on a case-by-case basis for utility customers in Hawaii, Honolulu, and Maui counties. Commercial customers receive varying incentives for solar water heating.

Hawaii Energy provides a list of participating contractors that have agreed to comply with the programs' rigorous standards regarding equipment use and installation. A participating contractor will visit the home or business, analyze the building's hot water usage, and provide a bid for a complete installation, including the anticipated energy savings. Hawaii Energy will perform a comprehensive post-installation inspection to ensure the system was installed to meet the proper standards. Customers may also qualify for the Hawaii State Energy Tax Credit and the federal tax credit for solar water heaters.