Solar power in Providence, Rhode Island
If you live in Providence you can't get much luckier when it come to incentives available in your state. Just upfront rebates cover about 60-70% of the upfront cost and the rest is quickly paid for by the excellent feed-in-tariff or (FiT). Solar in Rhode-Island is a must have investment for your home. Even if you don't plan on staying long in your current home the incentives are so good that the system won't actually cost that much and the feed-in-tariff will quickly cover the rest of the cost. Installing a solar system will also add a great deal of value to your home if you're interested in selling.
Unlike most states Rhode Island has an excellent feed in tariff for those who choose to install solar. Picture net metering for example, net metering gives you retail value for any excess energy exported to the grid which on its own is an excellent incentive. In Rhode Island the feed-in-tariff is at 37.75 cents which is twice the average power price, so essence net metering times two, that's amazing! Besides the 30% tax credit Rhode-Island has a rebate of $1.05 per watt meaning about two thirds of the upfront system cost is already covered. These incentives are considered by many as too generous and set to be cancelled or reduced so the time to act is now!
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Providence to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Providence and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Providence, Rhode Island in 2020 is $2.77 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Providence, RI is $13,850. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 9.63kW solar system in Providence, RI
This system would offset 100% of your energy usage if your typical monthly bill is $207, however your situation may vary so try our Providence solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
4 Years 8 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 9.63kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Solar companies in Providence, RI that provide pricing through the Solar-Estimate marketplace
Average total cost of solar panel installation in Rhode Island
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
Going solar in Rhode Island
Check out all of the ways energy providers of Rhode Island can help you be more energy efficient and save money.
The following programs are available:
|Residential Renewable Energy Tax Credit||Federal||Personal Tax Credit|
|Small Scale Solar Grants (Commerce RI)||State||Grant Program|
|Rhode Island Renewable Energy Fund (REF)||State||Rebate Program|
|Property Tax Exemption||State||Property Tax Incentive|
|Sales and Use Tax Exemption||State||Sales Tax Incentive|
|Net Metering||State||Net Metering|
|National Grid Renewable Energy Growth Program - $0.2845/kWh value if opt to take instead of REF grant||Utility||Performance-Based Incentive|
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.