Electricity Rates in Honolulu, HI

The average residential electricity rate in Honolulu is $0.39 per kilowatt-hour (kWh), which is 144% above the national average of $0.16/kWh. The average monthly electric bill for Honolulu homeowners is approximately $359.

With solar panels, Honolulu 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 of going solar.

The major electric utilities serving the Honolulu area include Hawaiian Electric (HECO), Maui Electric, Hawaii Electric Light. Rates vary between providers, so your exact cost depends on your utility and usage level.

Yes, electricity rates in Honolulu and across Hawaii have been increasing, following national trends of 2-5% annual increases. This makes solar panels an increasingly attractive option since they lock in your energy costs for 25+ years.