Rhode Island has a bright future in terms of solar energy production. While the state could benefit from additional solar incentives, positive laws which are already in place ensure the growth of Rhode Island's solar industry. For example, the state's Renewable Portfolio Standard (RPS) requires that 16% of the state's electricity come from renewable resources by 2019. This article will help you decide if solar energy is right for you.
Grid Connected Solar Power Systems In Rhode Island (2012)
- Systems: 0.1 Megawatt
- Non-Residential Solar Power Systems: 0.6 Megawatt
- Utility: N/A
- Total: 0.7 Megawatt
- Cumulative: 1.9 Megawatt
Rhode Island still has work to do in order to catch up with fellow east coast states Massachusetts and New Jersey in terms of cumulative installed capacity. However, the launch of Solarize Rhode Island will lower the cost of solar systems in the state, making solar energy even more accessible.
Cost of Electricity in Rhode Island
- Electricity Price: $0.15 per kwh
- Average Electricity Bill: $159.00
- Average Bill after Solar: $68.00
Because Rhode Island has some of the highest electricity prices in the nation, solar energy is a cost-effective alternative. The state's solar power users cut their electric bill in half. An average system in Rhode Island takes 7.7 years to pay for itself.
The average solar radiation in Rhode Island is between 2 and 3 Kilowatt per day over an area of 1 square meter (10.76 square foot). With an annual average of 202 sunny days, Rhode Island solar users will receive plenty of sunshine for their systems.
State Solar Incentives and Rebate Programs
- State Solar Tax Credit: None
- State Solar Rebate: None
- Property Tax Exemption: Same value as standard
- Sales Tax Exemption: 100%
While Rhode Island could benefit from additional solar incentives, the state's 100% sales tax exemption for solar power systems results in great savings for homeowners. The state also passed a law for solar property tax exemptions, mandating that any increase in property value homeowners receive from a solar power system goes to the homeowner rather than state tax collectors. The Federal Tax Credit also applies.
Solar Installers in Rhode Island
There are currently no specific requirements for Rhode Island solar power installers. However, because solar system installation is considered electrical work, all solar installers much be licensed electrical contractors. Make sure to verify your solar installer online or call (401) 462-8580.
Summary: Good Conditions for Solar Power Systems
Rhode Island's solar energy industry has plenty of room for expansion. The state's strong solar incentives and beneficial laws ensure the growth of solar power in the state. Try our Solar Calculator to calculate your costs and savings, and contact solar installers in your area.
Solar Energy Fact Sheet: Rhode Island, © SolarContact.com