UHERO Study Finds That PV Systems Have a Positive Rate of Return of 14% For Households, But Could Cost the State Up To $1.4B in Residential Tax Credits
Solar photovoltaic (PV) tax credits are at the center of a public debate in Hawai’i. In their policy brief “Tax Credit Incentives for Residential Solar Photovoltaic in Hawai’i” UHERO’s Makena Coffman, Carl Bonham, Sherilyn Wee and Germaine Salim find that the typical residential solar PV investment has an internal rate of return of 9% even without […]
Read MoreTax Credit Incentives for Residential Solar Photovoltaic in Hawai‘i
Solar photovoltaic (PV) tax credits are at the center of a public debate in Hawai‘i. The controversy stems largely from unforeseen budgetary impacts, driven in part by the difference between the legislative intent and implementation of the PV tax credits. HRS 235-12.5 allows individual and corporate taxpayers to claim a 35% tax credit against Hawaii […]
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