Solar Panel ROI in Hawaii

· Source: NREL PVWatts

Is solar worth it in HI? Here's what the data says.

5.9x ROI Score
4.2 yrs Payback Period
$4,241/yr Annual Savings
$106,025 25-Year Savings

Your savings estimate

$ /mo bill
Annual savings $4,241
·
Payback 4.2 yrs
·
25-yr savings $106,025

25-Year ROI Timeline

With a 4.2-year payback, your system spends 20.8 years in profit after breaking even.

Payback (4.2 yrs)
Profit (20.8 yrs)
Year 0 Year 6 Year 13 Year 19 Year 25
System Cost $18,000
25-Year Savings $106,025
Net Profit $88,025

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Solar Calculator for Hawaii

Adjust the values below to see your personalized solar ROI estimate.

kW
$
$ /kWh
5.82 kWh/m²/day
Based on NREL data for Hawaii
ROI Score 5.9x
Annual Production 9,704 kWh
Annual Savings $4,241
Payback Period 4.2 years
25-Year Savings $106,025
System Cost $18,000

Hawaii vs National Average

Solar Irradiance: Hawaii vs National Average Hawaii: 5.82 kWh/m²/day National Avg: 5.12 kWh/m²/day
Solar Irradiance 5.82 kWh/m²/day
+14% vs national avg
Payback Period 4.2 years Faster than avg
Electricity Rate $0.437 /kWh Above avg

How We Calculated This

Our solar ROI calculations use data from the National Renewable Energy Laboratory (NREL) PVWatts API, which models solar energy production based on location-specific solar irradiance, weather patterns, and panel tilt angles. We assume a standard 6kW residential system with south-facing panels at optimal tilt.

Electricity rates are sourced from the U.S. Energy Information Administration (EIA). Annual savings are calculated by multiplying estimated production by the local electricity rate. The ROI score represents total 25-year savings divided by system cost.

These estimates do not include the federal 30% ITC tax credit, state incentives, SRECs, or utility rebates, which can significantly reduce the effective payback period.

Solar ROI by Zip Code in Hawaii

Explore solar data for specific zip codes in Hawaii. Click any zip code for a full local breakdown.

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Solar Outlook for Hawaii

Hawaii's 5.82 kWh/m²/day irradiance is 17.3% above the national average, and electricity rates of $0.437/kWh drive one of the fastest payback periods in the country at 4.2 years. Annual savings of $4,241 make solar an excellent investment here.

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