Solar Panel Savings in Rhode Island
Rhode Island gets 4 peak sun hours per day with electricity at 27¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in Rhode Island
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $18,300 | $12,810 | 8.3 yrs | $34,973 | 8,760 |
| 8 kW | $24,400 | $17,080 | 10.3 yrs | $35,421 | 11,680 |
| 10 kW | $30,500 | $21,350 | 12.4 yrs | $31,151 | 14,600 |
| 12 kW | $36,600 | $25,620 | 14.5 yrs | $26,881 | 17,520 |
Includes 30% federal ITC + 0% Rhode Island state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
Rhode Island Solar Incentives
Rhode Island Energy Profile
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Is Solar Worth It in Rhode Island?
Rhode Island averages 4 peak sun hours per day, which means an 8 kW solar system would produce approximately 11,680 kWh per year. At the state's average electricity rate of 27¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and Rhode Island's 0% state incentive, an 8 kW system costing $24,400 drops to just $17,080 after credits — with a payback period of approximately 10.3 years.
Over 25 years, homeowners in Rhode Island can expect to save $35,421 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of solid sun exposure and federal incentives makes solar a solid investment in Rhode Island.