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Hawaii Lawmakers Move to Modify Solar Energy Tax Credits

Feb 7, 2013
Source: 
(Honolulu Star-Advertiser)

The solar industry has been booming in Hawaii, but state officials worry the industry’s tax credits are draining state coffers. 

Representatives in the House committee on the environment voted today to gradually decrease the solar energy tax credit to 15 percent by 2018.

They cast aside the governor’s more drastic proposal to cut the current tax credit to 15 percent by next year. The credit is currently 35 percent of the cost of each solar energy system.