Rhode Island Solar Incentives
*Federal & State Tax credits are subject to individual tax liability*
Federal Tax Credit
The Federal Government offers a tax credit that covers 30% of a solar system’s overall cost. The credit is a dollar-for-dollar credit against your personal income taxes. The entire amount can be claimed in one year and it will come back on the following tax return.
Solar Sales & Property Tax Exemptions
Rhode Island has a 100% sales tax exemption for eligible renewable energy materials and a residential property tax exemption.
Renewable Energy Growth Program
Residential Customers will receive a bill credit for energy and the system owner will be paid the remaining Performance Based Incentive (PBIs are set by the RI Distributed Generation Board, approved by the RI Public Utilities Commission and applicable from 4/1/23 – 3/31/24). Residential customer systems must be sized to produce electricity at a level not greater than the historic or estimated annual usage of the receiving customer. Residential customer projects must be located at a customer residence that receives electric service under the Basic Residential Rate A-16 or Low-Income Rate A- 60.
Net Metering
Net-metering allows Rhode Island homeowners with eligible renewable energy systems to receive bill credits for all power generated up to 125 percent of the on-site consumption during a billing period. Your renewable energy system must be sited on your property. Eligible customer-sited net metering systems must be sized to meet on-site loads, based on a three-year average of electricity consumption at the property. The decision is binding for the lifetime of the contract.
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