Solar Panels Cost 2.7k-13k in Schofield Barracks CDP, HI | November, 2024

Solar Panels Cost $2.7k-$13k in Schofield Barracks CDP, HI | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Schofield Barracks CDP, HI in 2024?

You'll pay around $3.88/W to go solar in Schofield Barracks CDP, HI in November, 2024.

In accordance with the cost per watt, we are able to conclude that for every 1 kW (1000 watts) your solar panels can generate, you will have to spend $3,880 for its installation. With a 30% federal tax credit, the typical cost for a 5 kW solar panel system in Schofield Barracks CDP is about $13,580. It's worth noting that a more powerful system might be necessary to fully meet your energy requirements.

To the left, you can select your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. Outlined below are the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Schofield Barracks CDP: $13,580US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Schofield Barracks CDP: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Schofield Barracks CDP: $29,886US Average: $16,169

Solar Potential in Schofield Barracks CDP

Estimated system size and solar electricity production per median viable roof in
Schofield Barracks CDP.

Roof size 1,162sq. ft.
Capacity 16.25kW DC
Electricity 24.1kkWh AC per yr.

Electricity Costs in Schofield Barracks CDP, HI & What that Means for Your Solar Panel Pricing

For Schofield Barracks CDP energy consumers, the average electric bill is $205.36 per month, with a usage of 460 kWh. This statistic also covers data from apartments and other smaller living spaces with less energy needs.

The electricity rate per kWh in Schofield Barracks CDP, HI for November 2024 is on average 44.65¢.

To meet all of their electricity requirements of a typical user in Schofield Barracks CDP, a solar power system of 4 kW or more is a must. At this time, a 4 kW solar panel installation costs $10,864 when including the 30% federal income tax credit.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Schofield Barracks CDP

Presented below and to the left, you will see a detailed price breakdown for multiple solar panel system sizes installed in Schofield Barracks CDP. More extensive solar installations come with a larger expense, yet they also provide higher electricity savings and larger income tax credits.

In the calculator found down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $205.36 electric bill for Schofield Barracks CDP. Simply change the $205.36 to your average electricity bill for customized results.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $691 a year
Est. Price
$2,716
Savings from a 1kWthis system
  • Est. yearly production 1,535 kWh
  • Est. monthly savings $58
  • Full payback in 1 years
Environmental Impacts
  • Reduces CO2 emissions by 1.13 tons a year
  • Equivalent to planting 52 trees a year
  • Equivalent to driving 2,802 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $1,382 a year
Est. Price
$5,432
Savings from a 2kWthis system
  • Est. yearly production 3,071 kWh
  • Est. monthly savings $115
  • Full payback in 2 years
Environmental Impacts
  • Reduces CO2 emissions by 2.26 tons a year
  • Equivalent to planting 104 trees a year
  • Equivalent to driving 5,604 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $2,073 a year
Est. Price
$8,148
Savings from a 3kWthis system
  • Est. yearly production 4,606 kWh
  • Est. monthly savings $173
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 3.4 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,406 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $2,764 a year
Est. Price
$10,864
Savings from a 4kWthis system
  • Est. yearly production 6,141 kWh
  • Est. monthly savings $205
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 4.03 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,976 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $3,455 a year
Est. Price
$13,580
Savings from a 5kWthis system
  • Est. yearly production 7,677 kWh
  • Est. monthly savings $205
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 4.03 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,976 mi less a year

Schofield Barracks CDP Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Wondering about your eligibility? Use our REAP Grant eligibility tool to find out.

For residential solar projects, most people are eligible for the 30% federal income tax credit, which makes solar a practical solution in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

Hawaii has 15 solar rebate and incentive initiatives offered by various utilities and government organizations.

Solar incentives in HI

Solar and Wind Energy Credit (Personal)

Value:Up to $2,250

Beginning in the 1976 tax year, Hawaii businesses have been entitled to income tax credits on new renewable energy devices. The exact rates and amounts of exemptions vary depending on property classification and the specific type of energy system being installed. In each classification, "hard maximums" apply based on the retail price of the system. Amendments to the tax code have since allowed for credit amounts to be paid out as refunds or used toward income liability for the appropriate tax year. Additional information is available on the Hawaii Department of Taxation website.

Solar Water Heater Rebate

Value:Up to $500

Residential customers of the Hawaiian Electric Company, Maui Electric Company, or Hawaii Electric Light Company may be entitled to a one-time rebate to install or replace a solar water heater. Two rebate options, flat rates of $500 or $750, are available depending on the cost of the system. Either rebate will be paid to the solar contractor installing the water heater, meaning it will appear to the customer as a bill credit. Qualifying systems should satisfy all state standards for solar water heating and pass a final inspection from the utility. The program is available on the islands of Oahu, Maui, Hawaii, Molokai, and Lanai. Additional information is available from the HEC website.

Solar and Wind Energy Credit (Corporate)

Value:Up to $2,250

Beginning in the 1976 tax year, Hawaii residents have been entitled to income tax credits on new renewable energy devices. The exact rates and amounts of exemptions vary depending on property classification and the specific type of energy system being installed. In each classification, "hard maximums" apply based on the retail price of the system. Amendments to the tax code have since allowed for credit amounts to be paid out as refunds or used toward income liability for the appropriate tax year. Additional information is available on the Hawaii Department of Taxation website.

Distributed Generation Tariffs

Value:Varies

Interconnected renewable energy and distributed generation customers throughout Hawaii may be compensated for using their system through either grid-supply or Smart Export tariffs (net metering was abolished in 2015.) Under grid-supply tariffs, customer-generators will be credited on their monthly bills for energy sent back to the grid. Unlike net metering, the utility has direct control over how much energy is returned; this is to protect the grid and standardize capacity as per requirements. Different islands have different rate schedules, and rates will vary from time to time. Smart Export tariffs apply to renewable energy systems containing a separate storage module. Excess generation from the system will be used to charge the battery during the daytime, and this energy will be returned to the grid at night. Like grid-supply programs, different islands have different rate schedules for this excess generation. "Community-based tariffs" may apply for microgrid subscribers. These programs function similarly to individual systems, but compensation will be distributed to all subscribers in the proper proportions.

GreenSun Hawaii

Value:Varies

GreenSun Hawaii is an established loss reserve funded by the 2009 federal stimulus package. A variety of lenders throughout the state may tap into the fund to secure loans for homeowners seeking to install new renewable energy devices or make energy efficiency improvements. By having their loans secured, lenders are incentivized to offer lower rates and more optimal terms. Eligible projects include solar PV/water heating/HVAC systems, windows, insulation/weatherization, and ENERGY STAR certified appliances. Interested homeowners should visit the program website to find their local GreenSun lender.

City and County of Honolulu - Solar Loan Program

Value:Varies

Low to moderate-income homeowners in Honolulu or greater Oahu may be eligible for specialized financing on new solar PV/water heating systems, including any necessary roofing work for a successful installation. Condominium owners may also be eligible contingent on approval from their association. Loans come at zero interest, but they may be secured by a mortgage lien if the principal exceeds $10,000. Application forms are available from the City/County of Honolulu website.

Renewables and Efficiency in State Facilities & Operations

Value:Varies

In 2006, Hawaii governor Linda Lingle established new renewable energy standards for state agencies to follow by signing HB 2175. The new law contained: • a minimum LEED Silver certification requirement for all new state buildings, • a solar water heating requirement for all new state buildings, • a requirement for agencies to implement common-sense water and energy saving operational measures, • an order for agencies to purchase only environmentally-friendly products, • and a directive for agencies to track emissions from vehicles. Compliance with the law is measured through annual reports addressed to the legislature.

KIUC - Solar Water Heating Rebate Program

Value:Varies

Energy Wise is a program for commercial customer-members of the Kauai Island Utility Cooperative. Through the program, property owners may receive free advisory services for their energy efficiency and renewable energy needs. A new initiative under Energy Wise awards new solar water heating installations with a $1000 rebate. Eligible systems may be brand new or replace an existing solar water heater over 15 years of age. Additional information is available from the KIUC website.

Feed-in-Tariff

Value:Varies

NOTE: This program is no longer accepting participants. Solar PV, wind, and hydro customers of HECO, MECO, and HELCO may be eligible for the state's feed-in tariff program. Under the program, utilities may sign 20-year contracts to obtain the excess generation from the system in exchange for a fixed rate. Rates vary depending on the method of generation, the rated capacity of the system, and the island on which the system is located. Additional information is available from the Hawaii Department of Energy website.

Solar Contractor Licensing

Value:Varies

The Hawaii Department of Commerce and Consumer Affairs is responsible for issuing contracting licenses in the state. A variety of specialized solar work licenses are available depending on an applicant's training and vocational experience. Solar contracting licenses include C-60 (solar power), C-61 (solar energy), C-61a (solar hot water), and C-61b (solar HVAC). Each license has a separate exam, but all require four years of experience. To install and professionally repair the full breadth of solar PV systems, contractors should pursue a C-13 electrical license, which includes all the privileges of a C-60 solar power license. Plumbing contractors with license C-37 may work with solar water heaters. General contractors have the privileges afforded by a C-61 license. Depending on the license a solar contractor holds, they may need to subcontract certain plumbing or electrical jobs if they do not have the required license. State law requires licensed electricians/plumbers to sign off on any new PV or solar water heater.

City and County of Honolulu - Real Property Tax Exemption for Alternative Energy Improvements

Value:Varies

Any private renewable energy system in Honolulu carries a 25-year local tax exemption by ordinance of the city council. Solar, wind, biomass, and hydroelectric systems qualify for an exemption, as do systems improving energy efficiency at fossil fuel plants. Geothermal and nuclear systems are not exempt. Additional information is available from the Real Property Assessment Division website.

KIUC - Solar Water Heating Loan Program

Value:Varies

Residential members of the Kauai Island Utility Cooperative may be eligible for specialized financing on solar water heaters. Funding may be used to install a new system or replace an existing one over 15 years of age. Loans are serviced by the Kauai Community Federal Credit Union. There is no interest or down payment (both are covered by the utility.) The maximum repayment period is 60 months. The application process involves standard credit checks and a pre-installation audit by KIUC to determine compliance with state standards. Additional information is available from the KIUC website.

Renewable Portfolio Standard

Value:Varies

Beginning in 2009, the Hawaii state government has established a legally binding renewable portfolio standard (RPS) for itself. Previously, RPS laws included provisions for both new renewable energy projects and energy efficiency improvements/offsets; however, only projects falling under the former category meet RPS requirements as of 2015. By 2030, at least 40% of all energy generated in Hawaii must be from renewable sources. 100% of Hawaii's energy should be renewable by 2045. Compliance is measured through a Renewable Energy Credit system and reports sent to the legislature every five years. Additional information is available from the Hawaii Department of Energy website.

Hawaii Energy

Value:Varies

The Hawaii Energy benefits fund supports new renewable energy and energy efficiency incentive programs throughout the state, including public investments toward RPS standards. The fund is supported by a surcharge on all customer utility bills, and its annual budget is determined by each utility's demand. Currently, funds support public bonds for new renewable farms and incentive programs overseen by utilities on five islands. Additional information is available on the fund's website.

Farm and Aquaculture Alternative Energy Loan

Value:Varies

Hawaiian farmers, including fish farmers, may be eligible for special financing from the state government to fund energy efficiency/renewable energy improvement projects. Loans have a maximum principal of 85% of the applicant's project costs up to $1.5 million. Interest rates vary between agriculture and aquacultural property, but they will range from 3 - 5% on unpaid principal only. Repayment periods may extend up to forty years. Loans are serviced by the state Department of Agriculture. The application process includes standard credit checks. Additional information is available from the DOA website.

Are solar panels worth it in Hawaii?

For homeowners in Schofield Barracks CDP looking to stay beyond the payback period of their solar system, solar panels are the best choice. A 5 kW solar system in Schofield Barracks CDP, HI might save you an average of $35,706.4 over 20 years, with the break even point typically being 6 years.

The cost of not having solar panels in Schofield Barracks CDP, HI

In addition to forgoing the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.

Annually, the average number of outages per customer in Hawaii is about 1.44. On average, an outage lasts 122.37 minutes. When major events such as vandalism, overloaded power grids or tornadoes occur, these durations can increase significantly

Having a solar panel system, regardless of whether it has a backup battery, could relieve the pressure of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Honolulu County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Schofield Barracks CDP, HI?

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system grows. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.

Make & Model - There are a range of makes and models of solar panels. The preferences for brand that your contractor has may make it crucial to select a recommended contractor. For consumers seeking a better long-term experience, opting for higher quality materials is important.

Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. They are more expensive but provide more energy. Most professionals in solar installation use panels made from this material.

Your Property - Each home and property is unique in its own way. Uneven landscapes, trees, or other challenges may complicate the installation. Using satellite imagery, solar installers can currently assess your home and include these factors into the preliminary cost estimate.

Labor Rates - The different employee wages offered by companies result in costs that consumers eventually paying . Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be influenced by varying local permitting and utility interconnection fees. Reliable local installers will build these figures into your initial estimates to eliminate any surprises.

See what solar panels cost in other HI cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Schofield Barracks CDP?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

OceanHead Solar & Electric

(808) 735-5745

Services

  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Energy Design

Eugene, OR(541) 485-8122

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

Renewable Energy Services (RES)

Honokaa CDP, HI(808) 775-7410

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Schofield Barracks CDP, HI Solar Panel Cost FAQs

  • The average solar panel cost in Schofield Barracks CDP, HI as of November, 2024 is estimated at $3.88/W. The installation of a 5 kW solar panel system in Schofield Barracks CDP, HI will cost about $13,580 after federal tax credits.
  • Hawaii offers 15 different rebates and incentives from a range of utilities and government organizations. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
  • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are beneficial. Installers will often provide details on financing partners in the quotes they provide initially.
  • Yes, in Schofield Barracks CDP, HI, the average time for 5 kW solar panel systems to pay for themselves is 6 years, leading to electricity savings of $35,706.4 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-11-03