Businesses
Government-funded
$500K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides up to 35% state income tax credit for installation of renewable energy systems (solar water heating, PV, wind) for commercial properties in Hawaii. Stacks with the federal ITC for significant combined benefit.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.System must be installed and placed in service in Hawaii
2.Commercial credit: 35% of cost, capped at $500,000 per system
3.Eligible: solar water heaters, photovoltaic, wind, geothermal
4.Equipment must meet HICP performance standards
5.Credit claimed on Hawaii income tax return in year of installation
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
DOE · United States
30% investment tax credit for qualifying advanced energy manufacturing projects, including EV components, solar and wind equipment, energy storage, and grid infrastructure. Part of the Inflation Reduction Act's $10 billion allocation to reindustrialize domestic clean energy supply chains.