House Bill No. 2417 Will Hurt Hawaii's Renewable Energy Efforts and Industries

The Hawaii Reporter

BY REP. CYNTHIA THIELEN – House Bill No. 2417 (HB 2417) will limit the availability of the Hawaii Renewable Energy Technologies Income Tax Credit from one credit per system to one credit per property for both residential and commercial projects. Currently, the tax credit applies to each renewable energy system that a property owner installs. Without this tax credit for each system, many families and businesses will not be able to afford the high up-front costs of photovoltaic.