Capital Goods Excise Tax Credit

December 16, 2002


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 (

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Hawaii
Incentive Type: Corporate Tax Credit
Web Site:
Administrator: Hawaii Department of Taxation
Start Date:
Eligible Renewable/Other Technologies:
Incentive Amount: 4%
Carryover Provisions: Credit must be claimed within 12 months of the close of the taxable year.


Name: Information Specialist
Organization: Hawaii Department of Taxation
Address: P.O. Box 259
Honolulu HI 96809
Phone: (808) 587-4242

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.