With over 75,000 homes powered by solar in RI and growing, Green Power Energy is now in place as a leader in Rhode Island solar.
Available Purchase Offerings in Rhode Island
Cash Purchase, $0 Down Solar Loan, $0 Down Solar Lease.
Available Products in Rhode Island
Rhode Island Solar Incentives
RE Growth Program (National Grid Customers)
The RE Growth Program pays homeowners a fixed kWh rate for all of the electricity produced by their solar system for 15 years. This serves as a combination of a kWh performance based incentive (PBI) and net metering. For a 1-15 kW system, the rate is $.285/kWh. The monthly rebate amount depends on the net difference between the solar system production at $.285/kWh and the amount paid to the utility company for electricity.
Federal Solar Tax Credit (ITC)
The Solar Investment Tax Credit (ITC) is a dollar-for-dollar federal tax credit which reduces a person or business’ tax liability based on the amount they have invested in a solar energy project. The residential and commercial ITC are both worth 26% of a solar project’s cost though 2022. For example, a $10,000 solar electricity system will be eligible for a $2,600 federal tax credit. Customers that purchase or finance their system through a solar loan are eligible for this incentive.
