Rhode Island Solar Information

Rhode Island isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Rhode Island offer net metering. As always in Rhode Island you are entitled to the 30% federal tax credit.

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Rhode Island ranks in America for savings from installing solar panels on
5852.79 kWh

AC Energy output every year in Rhode Island in 4 kW system
4.96 kWh

Solar Radiation (kWh / m2 / day)
14 ¢ /kWh

The cost of electricity today in Narragansett Electric Co
30 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years

Rhode Island Solar Facts

$1.33
Average cost of a 4kw solar power system in 2019.
3 years
Average system payback period.
$64 348
Average lifetime savings.
5 ¢ /kWh
Levelized cost of solar energy.
5 kW
Recommended system size.

Choose relevant panels Calculate your system

How much do solar panels cost in Rhode Island
$1.33 per watt

Cash purchased solar system

Before 30% solar tax credit
$5 965 total

Estimated system cost

Before 30% solar tax credit
3 years

Average system payback period

Perhaps the best incentive in Rhode Island is the Renewable Energy Growth Program for National Grid customers. The goal of the program is to promote the installation of renewable energy systems. When you install solar, you can receive a rebate of $0.2845 per kWh of energy your system produces, after a credit is applied to your bill for the amount of energy you produced. If you recieve a Rhode Island Renewable Energy Fund grant, you cannot take advantage of the Renewable Energy Growth program.

For example, if your solar system generated 200 kWh of power, you would have a performance-based incentive total of $56.90. Let’s say your home used a total of 300 kWh of power, at a rate of 19 cents per kWh - your total bill would be $57. You would receive a bill credit that is equal to the amount your solar system produced (200 kWh), times the rate of electricity (19 cents) - in this case the bill credit would be $38. That $38 is deducted from your total electric bill, meaning you would only have to pay $19. Then, to find the total incentive you will receive, you subtract the amount of your bill credit ($38) from your performance-based incentive total ($56.90). In this scenario, you would receive an incentive of $18.90.

Tell us how much you are spending on electricity and we’ll calcalute how much you can save if you get solar

kWH

$ per kWH

According to Narragansett Electric Co, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.

I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

System size

4.48 kW medium system size

Provides up to 80% of electricity consumption

$1.33 per watt

Average system cost

14 x 325 watt

solar panels
+
14 x 300 watt

microinverter
+
1 x 5 000 watt

inverter

$109.36 / month

Estimated savings on your average quarterly bill

$5 965.03

Estimated system cost
Excludes 30% Federal Tax Credit.
This price does not include the installation cost.
3 years

Average system payback period
$64 347.98

Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

14 ¢ /kWh

The cost of electricity today in Narragansett Electric Co
30 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years
5 ¢ /kWh

levelized cost of solar energy