With HECO’s Solar Rooftop solutions, the company brings the power of the sun to the SME's doorstep. Offering small grid-connected solutions to the customer, HECO provides customers an opportunity to produce clean energy that are easy to install, operate and offer cost effective access to solar energy. Using these small roof top solutions, consumers can produce solar energy for their captive usage and save on their electricity bills.
Solar solutions also entitles you to more savings with Green Investment Tax Allowance (GITA) until 2023, Green Income Tax Exemption (GITE) for up to 10 years and potential future savings with Net Energy Metering (NEM).
Green Investment Tax Allowance (GITA) of 100% of qualifying capital expenditure (QCE) incurred from the date of application received by MIDA until the year 2023 which comprises of Renewable Energy, Energy Efficiency, Green Building, Green Data Centre and Integrated Waste Management Activity.
Green Income Tax Exemption (GITE) 100% of statutory income from the year of assessment where the date of application received by MIDA until the year 2023. A 70% income tax exemption of up to 10 years will be given to companies undertaking solar leasing activities.
Net Energy Metering (NEM) Any excess energy produced by the solar system will be exported to the grid for more savings. NEM 2.0 has ended in 2020, nevertheless, the possibility for the program to be continued in the future is very promising.
1. Free Consultation
- Conduct Preliminary Study
- Identify area and interconnection
- Propose Cost/Tariff
- Estimate savings
2. Preliminary Study Presentation
- HECO to present to you
- Your team to indicate YES/NO
- Proceed with discussion /negotiation of agreement
3. Detailed Design/Study
- On-site detailed study
- Finalize the cost/tariff
- Finalize the contract period
4. Construction & Commission
- Installation period depending on time and size
- Free O&M by HECO throughout contract period
- Central monitoring for solar performance