Tax Credits:

  Category   Tax Credit
           
  Residential      
    State   35% -or- $5,000 cap  
    Federal   30% -or- No cap  
           
  Commercial      
    State   35% -or- $500,000 cap  
    Federal   30% -or- No cap  
           



note:
-tax credits of $350 are available for multi-family homes for both solar water heating and PV
-tax credits are based on actual cost of the system: accessories & Insulation

- article on new bill info
(Hawaii New Energy Bill to Boost Efficiency, Renewable Energy)


Downloadable pdf forms:
3468 Tax investement Credit

N-334 (Income Tax Credit for Renewable Energy)
form 334A: Information Statement for Tax Credit
Instructions form for N334A

Form 4562 (Depreciation and Amortization)
Instructions Form 4562