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Solar Panel Cost in Woonsocket, Rhode Island
Local pricing, savings, and net metering data for Woonsocket homeowners.
$1,460
Annual Savings
3.9 yrs
Payback Period
$5,698
Net Cost
$44,173
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Woonsocket
System Size
5.4 kW
Annual Production
6,606 kWh
Gross System Cost
$18,854
Federal Tax Credit (30%)
-$5,656
State Incentive
-$7,500
Net Cost
$5,698
Monthly Savings
$122
CO₂ Offset/yr
6,078 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$0.221/kWh
Peak Sun Hours4.2 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 Woonsocket?
Solar in Woonsocket, Rhode Island costs approximately $18,854 for a 5.4 kW system. After the 30% federal tax credit, your net cost is about $5,698.
What is the solar payback period in Woonsocket?
The estimated payback period for solar in Woonsocket is 3.9 years, based on a $150/month electric bill and local sun hours of 4.2 hrs/day.
Does National Grid RI offer net metering?
National Grid RI offers Full Retail net metering. Full retail rate.