Hawaii Governor Signs Law Amending Solar Requirements for Renewable Energy Technologies Income Tax Credit

The Hawaii Governor Sept. 15 signed an individual income and corporate income tax law amending solar energy system requirements for the Renewable Energy Technologies Credit. The law includes measures providing that: 1) for taxable years beginning after Dec. 31, 2019, no credit is available for solar systems that are five megawatts in total output capacity or larger and require a power purchase agreement approved by the Public Utilities Commission, except as provided; 2) solar systems installed and placed in service under these agreements will continue receiving the credit equal to the lesser of 35 percent of the actual cost or ...