Bill > HB2241

This bill modifies the renewable energy technologies income tax credit to encourage broader adoption, particularly by lower and middle-income families, and to align with federal tax incentive changes. Starting December 31, 2026, individuals or joint filers with adjusted gross incomes exceeding $250,000 or $350,000, respectively, will no longer be eligible for the credit on certain solar energy systems installed on single-family homes, unless those systems are "third-party financed" (meaning the taxpayer claiming the credit doesn't own the property where the system is installed). The bill also removes certain dollar limits, or "cap amounts," on the credit for solar energy systems that are not third-party financed. Additionally, it increases the income threshold for individuals to receive a refund of excess tax credits, raising it from $20,000 to $40,000 for individuals and from $40,000 to $60,000 for those filing jointly, and this refundability is now exclusively for systems that are not third-party financed. The bill's effective date is July 1, 3000, but its provisions apply to taxable years beginning after December 31, 2026.

Agriculture and Natural Resources, Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2241&year=2026