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Hawaii Energy Policy Forum > 2002 Articles

Installing a solar power system in Hawaii is said to make sense

John McClain

Are you considering installing a solar power system on your home? A recent DOE-funded report examines the economics of such installations on a state-by-state basis, taking into account each state's typical electricity costs, incentive programs, and solar resources. In the top-rated state, New York, the solar power system can cost as much as $13,556 per kilowatt of capacity and still pay for itself over its expected lifetime. In the lowest-ranked state, Kentucky, the system cost needs to drop to $1,200 per kilowatt if you ever want it to pay for itself.
See the report, "Customer-Sited Photovoltaics: State Market Analysis" on the Interstate Renewable Energy Council Web site.

 

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