Electricity Rates in Hawaii
Average residential electricity cost, utility comparison, and solar savings potential for Hawaii homeowners.
Hawaii Electricity Cost Overview
The average residential electricity rate in Hawaii is $0.39 per kWh, which is 144% above the national average of $0.16/kWh.Hawaii homeowners pay an average of $359 per month for electricity, based on typical usage of 921 kWh per month.
Hawaii has the highest electricity rates in the nation, often exceeding $0.35/kWh. With abundant sunshine, solar panels offer the fastest payback period of any state, making solar a near-obvious choice for homeowners.
Major Electric Utilities in Hawaii
| Utility Company | Avg Rate ($/kWh) | Customers | Est. Monthly Bill |
|---|---|---|---|
| Hawaiian Electric (HECO) | $0.40 | 300K | $368 |
| Maui Electric | $0.38 | 70K | $350 |
| Hawaii Electric Light | $0.37 | 90K | $341 |
How Solar Compares to Hawaii Electricity Rates
Without Solar
- Monthly bill: $359
- Annual cost: $4,308
- 25-year cost: $107,700
- Rate trend: Rising 2-5% annually
With Solar
- Monthly savings: $337
- Annual savings: $4,044
- 25-year savings: $65,000
- Rate: Locked in for 25+ years
Electricity Rates FAQ - Hawaii
The average residential electricity rate in Hawaii is $0.39 per kilowatt-hour (kWh), which is 144% above the national average of $0.16/kWh. The average monthly electric bill is approximately $359.
With solar panels, Hawaii homeowners can reduce their electricity costs by approximately 94%, saving around $337 per month or $65,000 over 25 years. The 30% federal tax credit further reduces the upfront cost.
The largest electric utilities in Hawaii include Hawaiian Electric (HECO), Maui Electric, Hawaii Electric Light. Rates vary between utilities, so your exact cost depends on your provider and usage.
Yes, electricity rates in Hawaii have been increasing over time, following national trends of 2-5% annual increases. This upward trend makes solar panels an increasingly attractive investment since they lock in your energy costs for 25+ years.
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