Financing and Incentives for Renewable Energy Projects

A critical component to any successful project and business venture is the ability to access and utilize capital. Understanding which resources and incentives that are available to you is an important step in this process. Within these pages, you will find:

State of Hawaii and Federal Incentives

Public Funding Resources in Hawaii

Private Funding Resources in Hawaii

 

Renewable Fuels Production Tax Credit

Per HRS 235-110.31, the Renewable Fuels Production Tax Credit will no longer be available after the 2021 tax year. Pre-qualified (i.e. have previously and timely submitted the required forms for 2021) renewable fuel producers seeking to claim the credit for the 2021 tax year must also completely fill out and submit to DBEDT the “RFPTC- Independent Third-Party Certified Statement” Forms by the designated deadline.

RFPTC – Independent Third Party Certified Statement 2021 (Excel)

For the complete details of the RFPTC requirements, Taxpayers should review and follow:

  1. Hawaii Revised Statutes, 235-110.31 as amended to date; and
  2. The Department of Taxation’s Tax Information Release (TIR) No. 2018-03.

 

 

 

Important Notice:
These resources are advisory and for informational purposes only and may not be relied upon to determine the available incentives. Contact the appropriate agencies and entities for information on local, state, and federal incentives for renewable energy. The listings, associations, and contacts herein are provided for informational purposes only and are not meant to be all inclusive. The Hawaii State Energy Office does not endorse or certify the individuals, firms ,or businesses on these lists. If you are a firm that engages in the specialization of commercial scale renewable energy project development, finance, consulting or investment services and wish be to added to the content found in these following summary pages, we welcome you to contact us and provide your information for listing.

For comments or questions about the Developer & Investor Center, please contact the Hawaii State Energy Office.