While the federal government has created incentives for going solar, they are but a drip in the bucket compared to incentives being offered in Hawaii.
Homeowners In Hawaii Get Windfall With Solar Power
There is a move afoot to wean ourselves from fossil fuels. The federal government has attempted to promote the use of solar among homeowners through tax credits. The state of California has recently supported this by passing over three billion dollars in similar incentives. Alas, Hawaii has trumped them all, making it foolish not to go with solar power.
Governments are infamous for promoting societal changes via peoples bank accountants. Do what the government asks and you save money. Fail to do so, and you will spend far more. Hawaii has taken this approach to a new level.
To promote solar use by homeowners, the state has passed some amazing incentives. Homeowners converting their residences to solar get an upfront tax credit of up to $5,000. A tax credit is far more valuable than a tax deduction because it is applied directly to the amount of tax you owe, not your gross income. In this case, going solar more or less wipes out any state tax bill...
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