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Solar Panel Cost in Providence, Rhode Island
Local pricing, savings, and net metering data for Providence homeowners.
$1,460
Annual Savings
4.5 yrs
Payback Period
$6,603
Net Cost
$43,267
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Providence
System Size
5.8 kW
Annual Production
7,228 kWh
Gross System Cost
$20,147
Federal Tax Credit (30%)
-$6,044
State Incentive
-$7,500
Net Cost
$6,603
Monthly Savings
$122
CO₂ Offset/yr
6,650 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityNational Grid RI
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.202/kWh
Peak Sun Hours4.3 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$7,500
Rhode Island State Incentive — Rhode Island offers a 25% state tax credit up to $7,500.
Common Questions
How much does solar cost in Providence?
Solar in Providence, Rhode Island costs approximately $20,147 for a 5.8 kW system. After the 30% federal tax credit, your net cost is about $6,603.
What is the solar payback period in Providence?
The estimated payback period for solar in Providence is 4.5 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does National Grid RI offer net metering?
National Grid RI offers Full Retail net metering. Full retail rate.