The Hawaii Solar Energy Association is pleased that the Department of Taxation has released a new Tax Information Release (TIR 2010-03) that provides additional clarification on the use of the Renewable Energy Technologies Income Tax Credit (RETITC). (http://hawaii.gov/tax/) The RETITC is a critical source of support for Hawaii’s solar industry that allows our member companies to create jobs and drive economic activity statewide. We are confident that TIR 2010-03 provides the needed clarity for the community of tax professionals who evaluate solar projects on behalf of their clients.

HSEA is very pleased that both DoTax and DBEDT moved so quickly to resolve the confusion surrounding the use of the credit.  Both departments have demonstrated a commitment to solar as an appropriate energy choice for Hawaii's homes and businesses, and continue to earn the appreciation of the solar industry.