Informing the Legislature that on May 21, 2026, the Governor signed the following bill into law: SB3125 SD1 HD1 CD2 (ACT 024).

This bill, signed into law on May 21, 2026, establishes income tax credits for individuals and businesses in Hawaii who install renewable energy systems. The primary mechanism provides a 35% tax credit for solar energy systems and a 20% credit for wind-powered systems, subject to specific cost caps that vary by property type and system size. To prevent large-scale commercial projects from receiving excessive credits, the law excludes systems with a capacity of five megawatts or more that require a new power purchase agreement approved after December 31, 2019. The bill also includes special provisions for solar systems integrated with pumped hydroelectric storage and allows multiple owners of a single system to share the credit based on their financial contribution.