HI HB2241

Restricts Hawaii's renewable energy technologies income tax credit for solar energy systems on single-family homes to taxpayers with adjusted gross income of $250,000 or less (individual) or $350,000 or less (joint filers), excluding third-party financed systems from this restriction

Removes the $5,000 cap on tax credits for solar energy systems on single-family residential properties that are not third-party financed, while maintaining the $5,000 cap for third-party financed systems

Increases income thresholds for refundable excess credits from $20,000 to $40,000 for individuals and from $40,000 to $60,000 for joint filers, with refundability limited to non-third-party financed systems

Defines "third-party financed system" as a renewable energy system where the tax credit claimant is not the property owner where the system is installed

Takes effect July 1, 3000 (placeholder date), applying to taxable years beginning after December 31, 2026