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Deductions & credits
Hawaii Form N-342 is scheduled to be available in TurboTax 02-02-2023.
It looks like the credit is up to $5,000 and is non-refundable with an option to have the credit refundable (with restrictions) see page 3 on the linked document below
Here is a link with more information about Form N-342
"HOW TO TREAT THE TAX CREDIT NONREFUNDABLE:
A nonrefundable credit means your credit will be applied towards the amount of income tax you owe. If your nonrefundable credit is greater than the amount of income tax that you owe, then you may carryover the remaining credit and apply it towards next year’s income tax. You may continue to carryover the credit until it is used up.
REFUNDABLE (IRREVOCABLE): You may make an irrevocable election to claim the credit as refundable. A refundable credit means you will receive a tax refund if your credit amount is greater than the amount of income tax you owe. You may elect to claim the credit as a refundable credit under the following circumstances:
Reduced Credit For a solar energy system, such as a solar water heater or PV system, you must reduce the credit amount by 30%, unless you meet the conditions described in the “Full Credit” paragraph below. Full Credit For a solar or wind energy system, you may claim the full credit as a refundable credit if you are an individual taxpayer and any of the following apply: (1) All of your (and your spouse’s) income is retirement income such as pension distributions, social security, or distributions from a public retirement system that is exempt from Hawaii income tax; or (2) Your Hawaii adjusted gross income (AGI) is $20,000 or less ($40,000 or less if you are married filing a joint return)."
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