Professionally Licensed (#C-31034) and Bonded
Call (808) 988-wire (9473)

Federal Tax Credit Info

  • Credit is taken as a non-refundable credit against taxable income
  • It is taken against the tax on the taxable income before tax-withheld is deducted. This makes it likely that a working adult will get the whole credit even though the bulk of his/her tax liability is paid directly out of a recurring paycheck and none may be owed at tax time. It also makes it possible that the credit will increase the taxpayer’s refund even though the credit is ‘non-refundable’
  • Available for both solar water heating systems and PV systems
  • Formally called the Residential Renewable Energy Tax Credit
  • 30% (unlimited credit) on all expenditures directly related to the installation of a qualifying Solar Water Heating or PV property
  • Credit is available until 2016, when it will come under reevaluation
  • A taxpayer or a couple filing jointly is eligible for the tax credit for the portion of the system which he/she/they pay for or finance
  • Solar water heating property must be certified by SRCC or by comparable entity endorsed by the state in which the system is installed and at least half the energy used to heat the dwelling’s water must be from solar
  • Excess credit may be carried forward to succeeding tax years (until 2016, possibly further)
  • Solar system must serve a dwelling unit located in the United States that is used as a residence by taxpayer (not necessarily main home, dwelling ownership not required)
  • Credit cannot be claimed until the tax year in which the solar system was “placed in service” (for new construction that is the date of occupancy by the owner)
  • Tax credit does not apply to solar water-heating property for swimming pools/hot tubs
  • New construction dwelling with solar pre-installed due to Solar Mandate in Hawaii: homebuyers are and will continue to be eligible for federal tax credit
  • Credit is claimed by person who owns the equipment when it is placed in service
  • Homebuilder does not usually place a house in service, unless he/she retains ownership of the house and uses it as a rental property.

 Federal Tax Credit Form (F5695)

Click for the BBB Business Review of this Electricians in Honolulu HI

Services Include:

  • Solar Electric Energy System Design and Installation
  • Solar Panel Sales & Installation
  • Design Build electrical service
  • Tenant space construction and remodeling
  • Electric Car Charger Installation
  • Main building electrical services
  • Installation and repair of fire alarm systems
  • Standby generators installation
  • Preventative maintenance of electrical services
  • Troubleshooting circuits on existing electrical designs

Call 808-988-WIRE (9473) Today

Click below to see our great review.

HSEA Member

Hawaii Solar Energy Association

Contact Info

Capital Electric & Energy Solutions, LLC, Inc.
PO Box 25506 , Honolulu, HI 96825
Ph. (808) 988-wire (9473)
Fax: (808) 791-4124

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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