Solar Installers in Rhode Island
Compare top-rated solar companies in Rhode Island. Average cost: $2.97/W · 4.1 peak sun hours · 29.46¢/kWh electricity rate.
Get Free Rhode Island Solar Quote →Solar Energy in Rhode Island: Complete Guide
Rhode Island is one of the best states in the nation for residential solar energy. With an average electricity rate of 29.46 cents per kilowatt-hour and 4.1 peak sun hours per day, homeowners across Rhode Island can generate significant energy savings by going solar. The average 8kW solar system in Rhode Island costs $23,760 before incentives and $16,632 after the 30% federal tax credit.
An 8kW system in Rhode Island produces approximately 11,972 kWh per year — enough to offset most or all of a typical household's electricity consumption. At current electricity rates, that translates to annual savings of approximately $3,527, with a payback period of around 6 years.
Rhode Island's net metering policy is classified as full retail rate, which means homeowners receive full retail rate credit for excess energy sent to the grid — maximizing the financial return on solar investment. The state has a Renewable Portfolio Standard requiring 38.5% renewable energy, which supports continued solar growth.
Rhode Island Solar Cost Breakdown
| System Size | Before Incentives | After 30% ITC |
|---|---|---|
| 5 kW | $14,850 | $10,395 |
| 8 kW | $23,760 | $16,632 |
| 12 kW | $35,640 | $24,948 |
Rhode Island Solar Incentives
The Rhode Island Renewable Energy Fund provides one of the most generous per-watt rebates in the country for residential solar.
Available to all Rhode Island homeowners through 2032. For a $23,760 system, this means a $7,128 tax credit.
Rhode Island exempts solar installations from property tax assessments, meaning your home value increases without raising your property taxes. Solar equipment purchases in Rhode Island are exempt from state sales tax, providing additional upfront savings. Over a 25-year period, the typical Rhode Island homeowner saves $71,542 with solar — making it one of the best long-term investments available for your home.
Utilities in Rhode Island
Solar by County in Rhode Island
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Rhode Island Solar FAQ
How much do solar panels cost in Rhode Island?▼
The average cost of solar panels in Rhode Island is $2.97 per watt before incentives. For a typical 8kW system, that's $23,760 before the 30% federal tax credit, or $16,632 after. Actual costs vary based on your roof, equipment choice, and installer.
How much can I save with solar in Rhode Island?▼
Rhode Island homeowners with an 8kW solar system can save an estimated $71,542 over 25 years. With an average electricity rate of 29.46¢/kWh and 4.1 peak sun hours per day, solar is a strong investment in Rhode Island. The average payback period is 6 years.
Does Rhode Island have net metering?▼
Rhode Island offers full retail rate net metering. This means you receive full retail rate credit for excess solar energy sent back to the grid, maximizing your savings.
What solar incentives are available in Rhode Island?▼
Rhode Island homeowners can take advantage of the 30% federal solar Investment Tax Credit (ITC) through 2032. The state also has: REF grant $0.85/W. Solar installations are exempt from property tax increases. Solar equipment purchases are exempt from sales tax.
How many peak sun hours does Rhode Island get?▼
Rhode Island averages 4.1 peak sun hours per day annually. This means an 8kW solar system in Rhode Island would produce approximately 11,972 kWh per year. Peak sun hours vary by season and specific location within the state.
Is solar worth it in Rhode Island?▼
Yes, solar is worth it for most homeowners in Rhode Island. With a 6-year average payback period and 25+ year panel lifespan, you'll enjoy 19+ years of essentially free electricity after your system pays for itself. The combination of 29.46¢/kWh electricity rates, 4.1 peak sun hours, and available incentives makes Rhode Island a great state for solar.
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Quick Rhode Island Solar Facts
- ☀️ Peak Sun Hours: 4.1h/day
- 💡 Electricity Rate: 29.46¢/kWh
- 💰 Cost per Watt: $2.97
- 📊 Net Metering: Full Retail Rate
- 🔋 Payback Period: 6 years
- 🌱 RPS Goal: 38.5%
- 🏠 Property Tax: Exempt
- 🛒 Sales Tax: Exempt