Rebates
Cooling Tower AC is registered with Hawaii Energy as a Clean Energy Ally and this allows us to bring you extra incentives and rebates. Please click on this link for Hawaii Energy initiative for HVAC and click on this link to see a list of non-lighting incentives.
Tax Credits
State of Hawaii Tax Incentive
- Renewable Energy Technologies Income Tax Credit (RETITC) HRS §235-12.5
- 35% of the material and labor cost for installation of the system up to $5,000 residential and $200,000 commercial
Federal Tax Incentive
- Energy Policy Act of 2005 (P.L. 109-58) Solar Investment Tax Credit (ITC)
- 30% of the entire project cost for installation of the panel and replacement of old AC with more efficient AC
Explanation of Tax Credits on TheRmX Panel Installation
EXAMPLE: (Your tax credit estimate will be noted on your proposal)
Replacement Cost of 4 Ton System: $13,000
Solar Cool Panel Installation: $ 7,500
Total: $20,500
RETITC – Hawaii Tax Credit: $ 5,000 (35% of $20,500 for whole system – max $5,000)
ITC – Federal Tax Credit: $ 6,150 (30% of $20,500 for whole system)
Total Incentive from Tax Credit = $11,150
Total Paid after incentive = $9,350