HB513

Hawaii HB513 amends the state's income tax credit for solar energy systems to include tax credits for retrofitting existing systems with battery.

Hawaii HB513 amends the state's income tax credit for solar energy systems to include tax credits for retrofitting existing systems with battery storage. The bill allows a tax credit of 35% of the actual cost, up to $500,000 per solar energy system, for systems being retrofitted with battery storage. This applies to taxable years beginning after December 31, 2025. The bill also retains the existing tax credit for new solar energy systems and wind-powered energy systems.