Save on your electric bill and support our athletes! Get a PV system from Waterhouse Solar and Special Olympics Hawaii gets $500!

ScreenClipIf you are a fan of saving money on your electric bill and supporting local athletes, you’ll love Waterhouse Solar!

Through July, when qualified homeowners get a quote for a rooftop photovoltaic system from Waterhouse Solar, they will donate $500 to Special Olympics Hawaii for every system sold! Stop reading, grab your electric bill, then:

Click here to save money and support your local athletes now!!

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Why not lease?

Ok, so leasing companies are making a big effort out here to capture more customers from solar. It only makes sense, as they are heavily capitalized investors backing the effort, because THEY understand the benefits. As they sell you the program, they make crazy returns on their money. If you are smart, you will make sure that those returns go to you. You already own the real estate, it is crazy not to take advantage of the financial benefits of renewable energy, cost savings and tax credits related to your Waterhouse Solar photovoltaic Energy system. Compared to any financial investment, we ran some rough calculations and showed that Solar represents a 21% return on capital in the first year, and 9% per year after that for the life of the system! As a comparison, the last I checked, your bank account is earning less than 1%.

Here is a clip of an email with links that I sent a customer explaining the pros and cons of leasing a little better. I hope you find it helpful.

(clip)

Thanks for considering Waterhouse Solar.

…I have run across a couple of good articles that state the differences well, one is a little more blunt. The other a little more in detail. I am giving you both links here for your review.
My Summary is that no matter the outlay, with a lease, you lose the biggest portion of the benefits: 60-65% credits, AND your electric bill is usually reduced 20% or so, not reduced to $18.00. You will leave 80% monthly savings and 100% of the tax credits on the table for an investor to reap off your cash outlays.

…We have zero down options available if you’re interested. I’d be happy to answer any of your questions in-depth, because I want you to have the most benefit from your system as possible.

Detailed: (Read all 3 articles here)

http://tfssolar.com/5477/weighing-the-solar-options-leasing-vs-financing-vs-owning-a-solar-electricity-system-part-1-of-3/

 Blunt (includes 2 minute video):

http://solarleasedisadvantages.com/

Save with Waterhouse Solar

The graph below shows how easy it is to save money with Waterhouse Solar. With more returns on your cash invested, whether you pay cash or finance the purchase with a credit card, this is such a winning decision, that you lose if you do nothing! Call us today or better yet, apply online for a free energy analysis-We’ll give you all the straight answers you need to make a sound energy improvement on your home!
Financing saving

HSEA COMMENDS STATE SENATE APPROVAL OF RENEWABLE ENERGY TAX CREDIT BILL

Posted on Thursday, February 28, 2013

NEWS RELEASE
FOR IMMEDIATE RELEASE
Wednesday, February 27, 2013
HSEA COMMENDS STATE SENATE APPROVAL OF
RENEWABLE ENERGY TAX CREDIT BILL
Tax Credits Support Local Economy, Hawaii’s Renewable Energy Goals
HONOLULU— HSEA Executive Director Leslie Cole-Brooks released the following statement on the passage of SB 623 SD 1 today by the Senate Ways and Means Committee:
“HSEA commends the Senate Ways and Means Committee for passing out SB 623 SD 1, which will close renewable energy tax credit loopholes while ensuring that these tax credits remain available to consumers. Renewable energy tax credits significantly increase affordability and accessibility of solar systems to consumers and businesses and are an essential part of a comprehensive set of policies needed to lead Hawaii to its renewable energy goals.
“Renewable energy tax credits already have and will continue to benefit the entire State of Hawaii, not just those individuals and businesses that take advantage of them. Not only do these credits encourage positive changes in consumer behavior, they also save Hawaii billions of dollars annually that would otherwise be spent on imported foreign oil, thus helping to keep money in Hawaii where it creates local jobs and generates additional tax revenue.”
Contact:
Leslie Cole-Brooks
Executive Director
Phone: (808) 457-7957
Email: leslie.cole-brooks@hsea.org
About the Hawaii Energy Solar Association
Founded in 1977, the Hawaii Solar Energy Association (HSEA) is a nonprofit, professional trade organization whose members are dedicated to providing quality solar products and services to Hawaii’s residents and businesses. With more than 70 members, including installers, distributors, manufacturers, auditors, and financiers of solar water heating and photovoltaic systems, a majority of which are locally owned and operated, HSEA is the leading voice of Hawaii’s solar industry. In support of Hawaii’s Clean Energy Initiative, HSEA works directly with utilities, government agencies and lawmakers to create green jobs for Hawaii’s economy and help ensure that affordable solar systems are accessible to local consumers. Learn more at http://www.hsea.org .

State tax department reduces number of systems starting Jan 1, 2013.

NEIL ABERCROMBIE
DEPARTMENT OF TAXATION News Release
GOVERNOR _________________________________________________________________________________________________________
FRED PABLO For Immediate Release:
DIRECTOR November 9, 2012 _________________________________________________________________________________________________________
New Temporary Administrative Rules on Renewable Energy Technologies Tax Credit Issued
HONOLULU – To provide clarity to taxpayers and tax practitioners, the Department of Taxation is issuing new temporary administrative rules on the Renewable Energy Technologies Income Tax Credit. These temporary administrative rules apply to renewable energy technology systems installed and placed into service on or after January 1, 2013.
For more than a year, the Department has been receiving calls and complaints from taxpayers and tax practitioners about confusion over how to calculate the renewable energy tax credit. Tax guidance issued in 2010 has created uncertainty among taxpayers, an unlevel playing field within the renewable energy industry, and presented difficult tax enforcement issues for the Department.
After listening to taxpayers concerns, the Department is issuing these new temporary rules in order to provide consistent, uniform and fair application of the tax credit law, while still supporting the State’s public policy goal of reducing our reliance on fossil fuel.
These new rules only apply to tax credits claimed for “other solar energy systems,” including photovoltaic systems, installed and placed into service on or after January 1, 2013. These systems will now need to meet the applicable total output capacity requirements as set forth in the temporary administrative rules, unless one of the exceptions applies. Solar energy systems, which heat water, and wind energy systems will continue to follow guidance previously issued, unless there is a conflict with the new administrative rules.DOTAX Press Release November 9, 2012 Page 2
A copy of the new temporary administrative rules is posted on both the Department of Taxation’s and Lt. Governor’s websites. Copies are also available at all DOTAX District Offices between 7:45 a.m. and 4:30 p.m., Monday through Friday, at the Department’s District Offices: Director’s Office at the Department of Taxation, Room 221, Princess Ruth Keelikolani Building, 830 Punchbowl Street, Honolulu, Hawaii; 3060 Eiwa Street, Lihue, Kauai; 54 High Street, Wailuku, Maui; and 75 Aupuni Street, Hilo, Hawaii.
Taxpayers with questions about the new administrative rules can call Taxpayer Services at 587-4242.
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For more information, contact: Mallory Fujitani (808) 587-1540 or mallory.c.fujitani@hawaii.gov

DOTAX Administrative rule can be found here

House bill 2417 affects state tax credits.

 

Eliminates the maximum available amount of the tax credit for solar electricity generating systems, unless the primary purpose of the solar energy system is to use energy from the sun to heat water for household use. Establishes a tax credit for solar electricity generating systems that are below the utility scale that declines by five percent annually, beginning at thirty-five percent prior to 2013 and stabilizing at twenty percent during or after 2015. Establishes a tax credit for utility scale solar electricity generating systems that is based on production, rather than construction, in the amount of 11.5 cents per kilowatt hour generated during the first one hundred twenty months of the operation of a utility scale solar electricity generating system installed after the 2012 tax year. Increases the maximum available amount of the tax credit for certain solar energy systems that use energy from the sun to heat water for household use. Allows tax credits that are claimed for solar electricity generating systems that are not utility scale solar electricity generating systems to become fully refundable during and after the 2016 tax year. Applies to tax years after December 31, 2012. Effective 7/1/50. (SD2)

See the current session status here: