/images/state_hero_background.jpg
Rhode Island

Solar Panel Cost in Rhode Island: Get 3 Free Quotes From Top Solar Companies in 2024

Thinking about going solar in Rhode Island? Learn about whether solar is worth it in Rhode Island, your potential savings by going solar and get 3 free quotes from the best solar companies in Rhode Island.
clock icon only  2 minutes
Request a quote
Going Solar in Rhode Island

Why having solar panels is a good idea in Rhode Island

By going solar, you help create an emission-free world of tomorrow, become energy independent, and save hard-earned money on your next energy bill.

Contact us now and we match you with the top solar companies in Rhode Island, guaranteed 100% free of charge.

/images/state_section_1.jpg

Benefits of solar in Rhode Island

Continue reading this page to get an in-depth overview of why we think that solar is a good idea in Rhode Island, but here we list you the top 4 reasons to install solar panels:

Save money

In the last few years, the cost of solar in Rhode Island has dropped to record-lows, making solar a very attractive source of electricity. According to our data, installing 12 kW of solar saves the average household in Rhode Island up to $3,401 - $8,503 on yearly energy bills.

Create your own electricity

On average, U.S. electricity consumers experience 7 hours of power interruption per year. With solar panels on your roof, outages are a thing of the past and you will become energy independent.

Increase your home value

Did you know that solar panels increase your home value? Statistics show that a solar system increases your home value by 4.1% on average.

Contribute to an emission-free world

Every kWh of solar energy means 0.846 lbs less carbon emitted into the atmosphere. A standard 10 kW system saves the equivalent of the weight of 49 F-150 pickup trucks throughout its lifetime.

Request a quote

Other Reasons Why Rhode Island is a Great Place for Solar

There are many unique features, that make Rhode Island an excellent place for going solar.
226 MW

added Solar Capacity 2023

In 2023, Rhode Island added 226 MW in solar capacity. This is enough to power approximately 28,250 houses.

53%

Price Drop / last 10 Years

Over the past decade, the cost of solar energy in Rhode Island has witnessed a significant drop of 53%.

31st

National Solar Ranking

Despite being 31st in the national solar ranking, Rhode Island still offers numerous advantages for solar energy.

1.16 M

affected by Blackouts

Over the past years 1.16 M residents in Rhode Island were affected by power outages.

Request a quote

Is solar worth it in Rhode Island?

Going solar helps you to save a lot of money on your annual energy bill. On average, our data shows that you can expect to save between $3,401 - $8,503 per year, depending on the solar system size and your location.

System SizeAverage
Yearly Output
Potential
Yearly Savings
8 kW
11,240 kWh
$ 3,401
12 kW
16,861 kWh
$ 5,102
16 kW
22,481 kWh
$ 6,803
20 kW
28,101 kWh
$ 8,503
* (Be aware that these numbers represent the average solar panel cost in Rhode Island and may be different from your location due to numerous factors such as roof size and roof angle)

State-wide solar incentives in Rhode Island

NameTerritoryIncentive TypeDetails
Renewable Energy Products Sales and Use Tax Exemption
Rhode Island
Sales Tax Incentive
Local Option - Property Tax Exemption for Renewable Energy Systems
Rhode Island
Property Tax Incentive
Commercial Scale Renewable Energy Grants (Commerce RI)
Rhode Island
Grant Program
Rhode Island C-PACE program
Rhode Island
PACE Financing
Property Tax Exemption for Renewable Energy Equipment
Rhode Island
Property Tax Incentive
Farm Energy Program
Rhode Island
Grant Program
Residential Energy Conservation Subsidy Exclusion (Personal)
Federal
Personal Tax Exemption
Modified Accelerated Cost-Recovery System (MACRS)
Federal
Corporate Depreciation
Residential Energy Conservation Subsidy Exclusion (Corporate)
Federal
Corporate Tax Exemption
Energy-Efficient Mortgages
Federal
Loan Program
USDA - Rural Energy for America Program (REAP) Grants
Federal
Grant Program
Office of Indian Energy Policy and Programs - Funding Opportunities
Federal
Grant Program
Clean Renewable Energy Bonds (CREBs)
Federal
Loan Program
USDA - Rural Energy for America Program (REAP) Loan Guarantees
Federal
Loan Program
U.S. Department of Energy - Loan Guarantee Program
Federal
Loan Program
Qualified Energy Conservation Bonds (QECBs)
Federal
Loan Program
USDA - High Energy Cost Grant Program
Federal
Grant Program
Fannie Mae Green Financing – Loan Program
Federal
Loan Program
Request a quote

How much do solar panels cost in Rhode Island?

Currently, the price per watt for solar panels is $3.01/W in Rhode Island. Given the average solar system size of 8 kW, this means that your solar panel cost is around $24,120 in Rhode Island (latest data: August 2024).*

Taking state and federal incentives into account, you can expect to save further 30% of the initial cost, bringing the cost of solar in Rhode Island down to $16,884 (installation size: 8 kW).


$30,000 $20,000 $10,000 $0
Good price Average price Expensive price

About the diagram: The diagram shows the average price for an 8kW solar installation in Rhode Island after the 30% federal tax incentive deduction. Get 3 free quotes from Quote For Solar and potentially save up to $3,887 compared to the average solar installation cost in Rhode Island ("Good price").

Solar panels in Rhode Island at one glance

Is It worth it to go solar in Rhode Island?

Yes, it is. Depending on how many solar panels you have and the location of your home, our data shows that you can save up to $3,401 - $8,503 on your yearly energy bill.

How much do solar panels cost in Rhode Island?

Currently, the price per watt for solar panels is $3.01 in Rhode Island. An average 8 kW solar system costs therefore around $24,120 before incentives and $16,884 after accounting for the 30% investment tax credit (ITC).

Are there solar incentives for Rhode Island?

Yes, there are various country-wide and state-specific incentives for going solar. For Rhode Island, the federal tax incentive amounts to 30%. Check out our article to learn more about the incentives and rebates in your state.
Yes, solar panels do work in Rhode Island during winter but you will typically see less output than in the warmer months. Our partners will help you to find the right system size for the whole year.
On average, our customers have their solar installation completed in 6 to 8 weeks after they have been contacted by our partners.
That depends on your financial situation. Generally speaking, there are several finance options for solar panels in Rhode Island and almost always you can finance your solar system for $0 down.
No, solar panels are not yet mandatory in Rhode Island. While only California requires solar systems on new construction projects at this moment, there are legislations being drafted to expand this policy throughout other states. It is therefore likely that solar soon might become mandatory in other states as well.
No, solar installations are tax exempt in Rhode Island. That means that you can boost your home value by going solar while your property tax base remains the same.
Yes, solar panels are sales tax exempt in Rhode Island meaning that you will profit even more when going solar.
Why You Should Choose Quote For Solar

Get 3 Quotes From Reviewed Solar Installers Fast!

For homeowners wishing to install solar energy on their properties, Quote For Solar is the ideal service.

Quote For Solar offers a free and easy single inquiry format for homeowners to obtain multiple offers from local solar companies for their installation needs.

Solar Companies will compete with each other to win your business, which can increase your savings. In addition, you are assured of receiving quotes only from trustworthy and dependable partners with a proven track record.

Furthermore, relevant advice on selecting the right product and installer as well as tax credits available will be included as part of the package.

Installing solar energy through Quote For Solar can result in long-term savings due to lower energy costs, but with no obligation to purchase, there is no cost to obtain the quotes.

/images/state_section_2.jpg

Solar Panel Costs Across The State of Rhode Island

Learn More About Solar Offers Across The US 💡