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Rhode Island Solar Energy Incentives
Solar Photovoltaic (PV) panel & Solar Thermal systems Rebates & Credits:
Solar (PV) systems: Production incentive of $0.03 per kWh – 3 year contract
Solar Thermal: Yes, see “Personal Tax Credit”, “Property Tax Exemption” & “Sales Tax Refund/Rebate” information below
Net-Metering: Customers have an option to either accumulate excess generation to the next bill (for 12-months) or receive monthly compensation (via check) for excess generation. Certain customer classes have a third option to apply excess generation to up to 10 other accounts during a billing period.
Personal Tax Credit: 25% of costs, based on maximum system cost of $15,000 for PV systems and $7,000 maximum system cost for solar hot water and geothermal systems.
Property Tax Exemption: 100% deduction of increased property value
Sales Tax Refund/Rebate: 100% exception
Click here for additional information on Solar Incentives for Rhode Island
http://www.dsireusa.org/incentives/index.cfm?re=1&ee=1&spv=0&st=0&srp=1&state=RI
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