Homeowners In Hawaii Get Windfall With Solar Power

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.

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 you would have. Talk about motivation!

On top of panel systems, Hawaii has moved to promote thermal and water heating through solar. Those installing solar thermal systems get back 35 percent of the actual cost or $2,500. If you prefer to go with a solar water heating system, the state is forcing utilities to give it to you for free upfront. A small monthly payment is then added to your utility bill until the system is paid off. Given the cost savings of solar water heaters, this essentially means you get the system for free.

Showing that the state is serious about solar, it has offered outrageous tax credits to commercial property owners as well. If a commercial property is converted to solar in Hawaii, the owner can get between $250,000 and $500,000 in tax credits. That is an absolutely huge number.

Obviously, Hawaii is a state with year around sun. Now homeowners can enjoy it at the beach and on their tax return.

Posted by Alter Bogue on December 13, 2008 at 12:00 AM

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Alter Bogue is affliated with Cindy Karp Realty, which is located in Winterville, GA. For further assistance please use the contact information located on the right.

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Local Information for Winterville, GA

Latitude: 33.96672 -- Longitude: -83.281669

ZIP Codes for Winterville, Georgia	30683
Area Code for Winterville, Georgia	706
Time zone for Winterville, Georgia	EST

Other Area Cities: Bogart, GA Winder, GA Winterville, GA Athens, GA Watkinsville, GA

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As of the censusGR2 of 2000, there were 1,669 people, 651 households, and 421 families residing in the city. The population density was 312.8/km² (811.4/mi²). There were 744 housing units at an average density of 139.4/km² (361.7/mi²). The racial makeup of the city was 51.47% White, 46.38% African American, 0.66% Asian, 0.84% from other races, and 0.66% from two or more races. Hispanic or Latino of any race were 2.10% of the population. There were 651 households out of which 32.4% had children under the age of 18 living with them, 35.3% were married couples living together, 24.0% had a female householder with no husband present, and 35.3% were non-families. 31.6% of all households were made up of individuals and 13.5% had someone living alone who was 65 years of age or older. The average household size was 2.46 and the average family size was 3.08. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Winterville	Georgia	United States
Population	1,068	8,186,453	281,421,906
Median age	36.6	33.4	35.3
Median age for Male	34.2	32.1	34
Median age for Female	38.3	34.6	36.5
Households	409	3,006,369	105,480,101
Household population	1,029	7,952,631	273,643,273
Average household size	2.52	2.65	2.59
Families	300	2,111,647	71,787,347
Average family size	2.91	3.14	3.14
Housing units	432	3,281,737	115,904,641
Occupied units	409	3,006,369	105,480,101
Vacant units	23	275,368	10,424,540

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Homeowners In Hawaii Get Windfall With Solar Power

Local Information for Winterville, GA

Latitude: 33.96672 -- Longitude: -83.281669

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