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Because of Hawaii’s dependence on imported energy, Honolulu residents are subject to some of the highest power pricing in the country. Homeowners in Honolulu can offset power costs by switching to solar power. Based on our research, the best solar companies in Honolulu are SunPower, Sunrun and Rising Sun Solar.
We at the MarketWatch Guides team have researched the best solar companies nationwide by conducting homeowner surveys and discussions with solar industry experts and manufacturers. We then used our in-depth methodology to rate and review the top solar installers in Honolulu.
Hawaii has more than 100 solar energy companies serving its residents. With so many options, homeowners in Honolulu may find it difficult to choose an installer that best suits their needs. Here are some factors that can make it easier to choose a solar company.
Acquiring sunlight to convert to solar power is virtually free, but the technology requires a sizable initial investment. As such, the cost of a solar panel system is often one of the key criteria in choosing a solar provider. When buying a system, we recommend looking for a combination of high-quality and reliable components, installation and service. If the upfront cost is an issue, you can also look for installers that offer payment models like solar loans, leases and power purchase agreements (PPA).
Neither an affordable solar system nor solar equipment is enough to warrant buying from a solar company if the installer is not trustworthy. Installers that are not reliable can cause problems such as poorly installed, low-performing systems or lack of responsiveness to service issues. To ensure you’re dealing with a trustworthy solar company, check its Better Business Bureau (BBB) ratings and online reviews from existing customers.
Solar panels offer substantial energy savings, but adding other services can boost your home’s energy efficiency and cost savings even further. Examples include insulation upgrades, lighting retrofits and electric vehicle (EV) chargers. Some homes may even need services like roof repairs or tree removal before being able to install solar panels. If you need more than just a solar array, choose a solar company that provides multiple services.
Our research shows that the following are Honolulu’s best solar installers:
In Hawaii, the average cost of going solar is $2.79 per watt, slightly lower than the national average of $2.85 per watt. So, a 6 kilowatt (kW) home solar system in Honolulu would cost around $16,740 before incentives, compared to $17,094 nationally. Here is an overview of the pricing for Honolulu’s best solar companies:
Provider | Our Score | Average Cost* | BBB Rating** | Year Founded | Financing Options |
---|---|---|---|---|---|
SunPower | 4.8/5 | $24,000–$36,000 | A+ | 1985 | Cash, loan, lease or PPA |
Sunrun | 4.3/5 | $20,000–$25,000 | A- | 2007 | Cash, loan or lease or PPA |
Rising Sun Solar | 3.5/5 | Varies | Not accredited | 2003 | Cash or loan |
RevoluSun Hawaii | 3.9/5 | Varies | A+ | 2009 | Cash, loan or lease |
*Pricing is based on responses to two surveys we conducted in 2023 of 2,000 total homeowners with 8 kilowatt (kW) solar systems as well as pricing information obtained directly from SunPower, Tesla, Palmetto and local providers. Your cost may vary.
**BBB ratings are accurate as of August 2023.
Honolulu residents can choose from multiple solar contractors, from local installers to national brands. Sunrun is company with extensive experience and flexible financing, while Rising Sun and RevoluSun Hawaii offer strong local expertise.
Other installers in Honolulu worth mentioning include Pearl City-based Vans Electric, Mililani-based Eco Solar, Malama Solar and Island Pacific Energy. Before making a final decision, we suggest you request and compare quotes from multiple solar installation companies.
The list below outlines the benefits of installing a solar power system in Honolulu.
Honolulu has an ambitious Renewable Portfolio Standard (RPS) that aims to eliminate all fossil sources from its energy mix by 2045. The state and some local municipalities offer solar incentives to promote the growth of clean energy technology. Below is an overview of the federal, state and local incentives Honolulu residents can claim.
The federal solar tax credit is a nationally available incentive that allows homeowners to use a tax credit to lower their income tax burden. Also known as the Investment Tax Credit (ITC), the program allows homeowners who install solar power systems to claim 30% of their total system cost as a tax credit. You can claim the tax credit for the year you install solar panels and if you can’t use the full amount, you can roll over the remainder for up to five years.
The average solar system in Honolulu with the previously mentioned cost of $16,740 would yield a tax credit of $5,022.
The state of Hawaii also offers solar incentives. Although residents can no longer enroll in net metering, other available incentives can help make it easier to go solar.
Incentive | Savings | Explanation |
---|---|---|
Renewable Energy Technologies Income Tax Credit (RETITC) | Worth 35% of your total system cost, up to $5,000 | Homeowners or businesses that install solar panels can claim a state tax credit worth 35% of the total system cost, up to a maximum tax deduction of $5,000. |
Green Energy Money Saver Program (GEMS) | Savings vary | Allows eligible households to finance solar services and other alternative energy systems and repay the loan through monthly utility bills. |
GreenSun Hawaii | Savings vary | A financing program that works with lenders to offer solar loans to homeowners, which may include perks like low-interest rates. |
Hawaiian Electric Battery Bonus | $5 per kW of installed battery capacity | Solar customers with a battery storage system can receive a bill credit of $5 per kW of power sent to the grid. The program is valid for 10 years after enrollment. |
Aside from the federal and state incentives, residents of Honolulu also benefit from a property tax exemption. Homes with solar energy systems will not have to pay added property taxes for 25 years if the panels increase their home value.
Honolulu’s high electricity prices, abundant sunlight and strong incentive program can make solar power a profitable investment. Within just one year, Hawaii’s national solar ranking went from 27th to 17th. Solar growth in such a small state shows more Hawaiians consider solar power worth the investment. Overall, we think that going solar in Honolulu is worth it.
There are dozens of solar companies in Hawaii, with different installers offering different services at various costs. Our picks for the best solar companies in Hawaii are Sunrun, Rising Sun Solar and RevoluSun Hawaii.
Generally, solar panels should last two to three decades in Hawaii. Most solar PV systems have an energy production guarantee of 25 or 30 years, a strong indication of how long companies believe their parts will last. Some systems also have a 25-year workmanship warranty to cover installation.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.