Rhode Island is a very suitable location for efficient solar power generation: the state averages 5 kWh of solar energy per square yard, which is more than Germany (a world leader for solar). Many Rhode Island homeowners go solar to reduce their energy bills and make a positive sustainability impact

The Rhode Island sales tax exemption for renewable energy products includes all equipment and components in a solar energy installation, freeing you from paying solar sales tax. The Property tax exemption for renewable energy resources also prevents you from paying additional property taxes. Qualified homeowners can also take advantage of the Property Assessed clean Energy (PACE) program that allows you to repay your loan with property tax payments. Finally, the Renewable Energy Fund (REF) is a limited availability program that helps fund solar deployments, including for small scale projects that include single homes. The Renewable Energy Growth program by National Grid compensates solar owners for the electricity their system produces which is fed back into the grid. There are also be net metering available under certain utilities.*** 

Rhode Island homeowners are also eligible for the Solar Investment Tax Credit (ITC).**** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.