Powerwall backup load capabilities?
These are some of the household items you can power during a power outage: Refrigerator Freezer Lightbulb Ceiling fan Laptop Wi-Fi router TV Fish tank Garage door opener Electric water
Is the Hawaii Energy Income Tax Credit going to expire?
Currently there is no expiration date set for the Hawaii Energy Credit. It is an important element to incentive system owners to ‘go solar’ and move toward the State’s goal
So, the solar tax credit is like a ‘write-off’?
No, the ITC is a nonrefundable credit, not a deduction, making it much more valuable. The credit directly reduces the amount of tax you owe, providing a dollar-for-dollar reduction of
What if I do not owe any taxes or have any federal tax liability?
The ITC is a credit against your tax liability, so it requires you to have a balance owed to the IRS for that tax year. In the event you are
Is there a maximum amount you can claim on the Federal ITC?
No, there is no cap on the amount that can be claimed for the ITC.
What if I buy a home which already has PV on it, can I claim the tax credit?
No, the tax credits for solar can only be claimed one time, and it is based on the year that the original equipment was placed in service.
What if I lease a PV system or purchase electricity through a Power Purchase Agreement (PPA)?
If the system is leased or financed with a PPA, then the leasing company or PPA Provider claims the ITC, and the customer benefits by receiving a discounted cost of
What if I buy a newly built home with solar on it already?
If a homeowner buys a newly constructed home and owns the system outright, the homeowner is eligible for the ITC in the year they moved into the house.
What if it exceeds the amount I owe the State in taxes?
The Hawaii Energy Credit is considered a ‘nonrefundable credit,’ so you will not get a refund for the balance. However, you can carry over the balance of any unused amount
What if the ITC exceeds the amount I owe the IRS in taxes?
The ITC is considered a ‘nonrefundable credit,’ so you will not get a refund for the balance. However, you can carry over the balance of any unused amount of the