With tax credits at an all-time high and utility rates on the rise, Family First Solar is helping more people become energy self-sufficient.
KAPOLEI, HI / ACCESSWIRE / January 17, 2023 / As individuals, families and businesses continually feel the stress of inflation and rising oil prices, Family First Solar offers Hawaiians a way to become energy self-sufficient.
Learn more about Family First Solar and its offerings at www.familyfirstsolar.com.
HECO, or Hawaiian Electric Company, has already been raising rates, and many residential consumers report that their bill has doubled in the last year. But electricity users on Oahu can expect another rate increase in January 2023 if the proposed HECO change is accepted.
A recent local news report shared that Hawaiian Electric claims they are not benefiting from the rate increases, but simply have to pass the increases on to their own operating costs.
Still, for those interested in other options, Family First Solar offers a way for residents to trade in their energy bill for a solar panel financing plan and lock in their energy independents by partnering with local banks right here in the islands. Consumers who own their system benefit from free or very low-cost energy that will last a lifetime.
Family First Solar owner Kevin Medeiros makes sure Hawaii residents are aware of the federal and state tax credits that are available to help offset the up-front cost of solar power. The federal tax credit will grant a dollar-for-dollar tax reduction of 30% of the cost of installation. This percentage will decrease over time, although the Solar Investment Tax Credit (a part of the Inflation Reduction Act) will allow consumers to take advantage of the credit for longer than initially established.
And on top of that, Hawai’i offers a 35% tax credit. With these temporary credits available and rising energy bills a very present reality, more and more Hawaiians are turning to solar power to save money and reduce their environmental footprint. Medeiros explained,
“Some of our competitors only offer pre-built solar systems, which often leaves homeowners paying two bills, one to the power company and one to the finance company. We customize all of our proposals based on actual homeowner usage, so that we can create solutions that eliminate that utility bill. That way, they’re just paying one fixed bill.”
About Family First Solar
Family First Solar is a locally owned solar expert in Hawai’i. An industry leader, it has been installing solar panels and other solar solutions on the islands for decades, with over 2,500 installations to date. Their goal is to help people save money and become energy self-sufficient.
Media Contact
Kevin Medeiros
[email protected]
808-724-4072
590 Farrington Hwy #210,
Kapolei, Hawaii
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View the source version at accesswire.com:
https://www.accesswire.com/735466/Family-First-Solar-Helps-Hawaii-Residents-Take-Advantage-of-State-and-Federal-Tax-Credits