Capital Goods Excise Tax Credit (Hawaii)

From Open Energy Information


Last modified on May 24, 2011.

Financial Incentive Program

Place Hawaii

Name Capital Goods Excise Tax Credit
Incentive Type Corporate Tax Credit
Applicable Sector Commercial
Active Incentive No
Implementing Sector State/Territory
Amount 4%
Carryover Provisions Credit must be claimed within 12 months of the close of the taxable year.

Program Administrator Hawaii Department of Taxation

References DSIRE[1]


Hawaii's Capital Goods Excise Tax Credit reimburses businesses for the general excise tax or use tax they pay on the purchase of a solar electric system. To be eligible for the credit, the property shall be depreciable property, used in the taxpayer's trade or business in Hawaii, and was subject to Hawaii's general excise or use tax at the rate of 4 percent upon acquisition. The credit is equal to 4 percent of the cost of the solar electric system and is refundable. The credit must be claimed within 12 months of the close of the taxable year.

Tax Form N-312 and instructions are accessible on the state's Department of Taxation's Web site (

Incentive Contact

Contact Name Information Specialist
Department Hawaii Department of Taxation
Division Taxpayer Services Branch
Address P.O. Box 259
Place Honolulu, Hawaii
Zip/Postal Code 96809
Phone (808) 587-4242


  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]


  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"