As technology improves and scientists reveal more information about the state of our world, consumers grow increasingly concerned about the environment. In fact, you might have considered reducing your own household’s carbon footprint by investing in sustainable energy sources. In Hawaii, eco-friendly homeowners who decide to install solar panels are more than just proud of themselves for helping the planet—they’re also able to enjoy tax benefits from their efforts. Here, Solar Help Hawaii of Honolulu, HI, delves into the financial benefits of going green.

Why Solar Is Turning Profitable 

Hawaii homeowners have state lawmakers to thank for the financial advantages of solar power. In 2015, laws were passed to work toward an ambitious goal—that Hawaii become 100% reliant on renewable energy sources by 2045. Despite the population’s current focus on environmentalism, Hawaii is the only state to enact such a mission to eliminate the use of fossil fuels. In order to convince residents to convert to green energy sources, the state turned to positive, tangible motivation. 

How You Can Save or Make Money With Solar Panels

In 2016, the federal government began offering substantial tax credits to homeowners who install and use solar panels. If you own your system outright, you’re entitled to up to 30% back in tax credits. In Hawaii in particular, your dollar can go even further. Since solar panels continue collecting energy even when your household needs are met, you can end up with some leftover. When Hawaii homeowners send leftover energy back out into the grid, they receive credits through a process called net metering. In some cases, homeowners in select zip codes are entitled to additional solar energy incentives.

If you’re interested in turning a profit on your eco-friendly efforts, get in touch with Solar Help Hawaii today. They install top-quality solar panels on homes throughout the Islands, and they will be proud to walk you through the incentive process. For more information on their services, visit the website or call them at (808) 548-4357.