Solar Panels In Hawaii = $60,000 In Savings (Infographic)

  • Published on July 16th, 2013 by

Reposted from Cost of Solar:

Are solar panels worth it in Hawaii? In all seriousness, we just showed yesterday (when looking at how much solar power costs) that solar power is basically “worth it” for people all across the country. In some places, the average 20-year savings from going solar are $10,000, while in other places, the average savings are over $40,000. Solar panels are worth it for Americans all across the country.

But let’s look at the situation in Hawaii, one of the hottest solar markets in the world right now. If you’re a Hawaiian noticing that some of your neighbors are going solar, but not all of them, you might really be wondering if solar panels are worth it in Hawaii. Take a look at this infographic and see what you find out:

solar panels hawaii

As you can see, due to Hawaii’s relatively high electricity prices, the recent fall in the cost of solar power, and solar power incentives in Hawaii and the US as a whole, if you buy solar panels in Hawaii, within 3–5 years, you’re likely to get the money you spent on them back. After that, you are essentially making money on your investment… for decades! Tens of thousands of dollars.

Not only that, but that money you “make” is essentially from electricity bill savings that aren’t taxed. So, those are tax-free earnings! Try beating that on the stock market or anywhere else — more likely than not, you wouldn’t come close.

So, are solar panels worth it in Hawaii? Heck yeah! 😀

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.