Rhode Island Incentives

Offering businesses and residents reliable access to the best renewable energy systems in North America, 123SolarPower is your go-to resource for solar installation and sales. With the largest network of industry-leading solar power experts in the U.S. and Canada, we connect homes and companies with the installation professionals and high-tech solutions that provide state-of-the-art energy savings. Don’t worry when you reach out to us your solar installation quote Rhode Island is free of charge, no strings attached.

With providers located conveniently across the continent, our localized teams are available to provide you with the information you need to put the sun’s energy to good use. Our solar panels Rhode Island division is dedicated to helping you go solar at a great price, and saving even more once you’re free from your utility bill.

Rhode Island Solar Power

As the smallest state in the country, Rhode Island is certainly a bit of an underdog compared to other states’ solar power rankings. But as the northeast region is set to feel the impact of climate change the hardest, Rhode Island is one of the growing number of states who are taking climate adaptation seriously. With a renewable energy industry on the rise, Rhode Island citizens are quickly learning how solar power can benefit their lives.

The costs of solar panels for sale Rhode Island before rebates and subsidies is cheaper than many other states, averaging under $20,000 per household or business. Monthly cost savings average around $100. Rhode Island is a prime example of a state with significant solar potential.

State Tax Incentives

To inspire Rhode Island residents and businesses to go solar, the state offers a number of Rhode Island home solar incentives such as tax exemptions, grants, PACE financing, and utility rebate programs.

Rhode Island’s Property-Assessed Clean Energy (PACE) financing program provides loans to property owners to invest in energy improvements such as photovoltaic systems, as well as other renewable energy technologies. Performance based incentives provide up to 29.95 cents per kilowatt-hour of solar power generated energy. This means you could be paid for the solar electricity your system produces. An increased property tax exemption is available for solar water heat, solar space heat, and photovoltaic systems. There is also a 100% sales and use tax exemption on solar power systems.

Federal Tax Incentives

There are federal tax incentives available as well for residential solar power Rhode Island users in addition to any state incentives. The Energy Policy Act of 2005 allows for a 30% investment tax credit on the installation and use of photovoltaic, solar heating and cooling, and solar concentration systems. These tax credits are meant to support and encourage residential and commercial investment in renewable energy sources.

The 30% tax credit has been extended through 2016 as of 2008. Any credits that your system generates beyond your yearly income tax can easily be rolled over into next year’s tax return. Filing for the 30% tax credit is simple. All you need to do is include an additional form (IRS form 5695) along with your yearly tax return.

123SolarPower is the best solar sales and installation expert in Rhode Island. When you need professional service and access to industry-leading equipment, the 123SolarPower team is your number one choice. We can provide you with personalized options that fit your electricity and power needs. Our providers will work with you to understand all the solar savings available to you.

Help For All Rhode Island Residents

For a free estimate of installation costs and a rundown of the energy and financial savings you can receive by working with us, simply provide us a little information about your project in the form above or call us at 800-294-2397 and we will connect you with a local expert.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

Contact Us

We would love to hear from you! Give us a call at (800) 294-2397, begin a Live Chat with a solar expert or send us a message below:
Send Message