Commercial Tax Incentives & Rebates

• Utility Rebate
• Federal Tax Incentives
• State Tax Incentives
• Net Metering

Incentive Type	Solar Hot Water Utility Rebate
State	Hawaii
Incentive Amount	HECO / MECO / HELCO: $125/ deferred kW plus $0.05/kWh for retrofit, $0.06/kWh for new construction; KIUC: 50% - 80% of equipment costs

Incentive Type	State Tax Credit
State	Hawaii
Eligible Technologies	Solar Hot Water, Solar Space Heating, Photovoltaics, Wind
Incentive Amount	Solar Thermal and PV: 35%; Wind 20%
Carryover Provisions	Excess credit may be carried forward until exhausted.
Requirements	System must be new and in compliance with all applicable performance and safety standards.
Website	http://www.hawaii.gov//dbedt/info/energy/renewable/solar

Incentive Type	Business Energy Investment Tax Credit (ITC)
Eligible Technologies	Solar Hot Water, Solar Space Heating, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics, Wind, Biomass, Geothermal Electric, Fuel Cells, Geothermal Heatpumps, CHP/Cogeneration, Solar Hybrid Lighting, Direct Geothermal, Microturbines
Incentive Amount	Solar/Fuel Cells/Small Wind: 30%; Geothermal/Microturbines/CHP: 10%
Equipment Requirement	Fuel Cells, Microturbines and CHP systems must meet specific energy efficient criteria
Eligible System Size	Small Wind Turbines: 100kW or less; Fuel Cells: 0.5kW or greater; Microturbines: 2MW or less; CHP: 50 MW or less
Maximum Incentive	Fuel Cells: $1,500/0.5kW; Microturbines: $200/kW; All Other Eligible Technologies: No Limit

Incentive:	Net Metering
State:	Hawaii
Eligible Technologies:	Photovoltaic, Wind, Biomass, Hydroelectric, Small Hydroelectric
Sectors:	Commercial, Residential, Local /State / Fed Government
System Capacity Limit:	100 kW for HECO, MECO, HELCO customers; 50 kW for KIUC customers
Capacity Limit:	3% of peak demand for HELCO and MECO; 1% of peak demand for KIUC and HECO
Net Excess Generation:	Credited to customer's next bill at retail rate; granted to utility at end of 12-month billing cycle
Web Site:	http://www.hawaii.gov/dbedt/info/energy

Incentive:	Modified Accelerated Cost Recovery System (MACRS)
Eligible Technologies:	Solar Hot Water, Solar Space Heating, Solar Thermal Electric, Solar Thermal Process Heat, Photovoltaics,  Landfill Gas, Wind, Biomass, Renewable Transportation Fuels, Geothermal Electric, Fuel Cells, Geothermal Heatpumps, Municipal Solid Waste, CHP/Cogeneration, Solar Hybrid Lighting, Direct Geothermal, Anaerobic Digestion, Microturbines
Depreciation Schedule	Year 1: 20%; Year 2: 32%; Year 3: 19.2%; Year 4: 11.52%; Year 5: 11.52%; Year 6: 5.76%
Bonus Depreciation	Year 1: $50%;
Web Site:	http://www.irs.gov

Incentive Type	Energy-Efficient Commercial Building Tax Deduction
Eligible Technologies	Equipment Insulation, Water Heaters, Lighting, Lighting Controls/Sensors, Chillers, Boilers, Heat Pumps, Air Conditioners, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Doors, Siding, Roofs, Comprehensive Measures/Whole Building
Incentive Amount	$0.3-$1.8/SF depending on technology and amount of energy reduction
Equipment Requirement	Must meet certification requirements
Eligible System Size	Small Wind Turbines: 100kW or less; Fuel Cells: 0.5kW or greater; Microturbines: 2MW or less; CHP: 50 MW or less
Maximum Incentive	$1.8/SF
Website	http://www.efficientbuildings.org
Expiration Date	12/31/2013