Facts on the Rhode Island Solar Industry
4.5 megawatts (MW) of solar capacity were installed in Rhode Island in 2014. Rhode Island ranks 36th nationally in 2015 installed solar capacity.
Of the solar capacity installed in Rhode Island in 2015, 2 MW were residential, 1.2 MW were commercial and 1.3 MW were utility-scale.
The 17.1 MW of solar energy currently installed in Rhode Island ranks the state 32nd in the country in installed solar capacity. There is enough solar energy installed in the state to power 2,970 homes.
In 2015, $12 million was invested on solar installations in Rhode Island.
Average installed residential and commercial photovoltaic system prices have dropped steadily across the nation— by 6% from last year and 48% from 2010.
View more solar data.
Notable Solar Installations in Rhode Island
- Forbes Street Solar was completed in June 2014 by developer Hecate Energy and CME Energy. This PV project has the capacity to generate 3.7 MW of electricity-- enough to power over 650 homes.
- Several large retailers in Rhode Island have gone solar, including Whole Foods. Tiffany & Co. has installed one of the largest corporate photovoltaic systems in the state with 249 kW of solar capacity at their location in Cumberland.
Solar Companies in Rhode Island
- There are currently more than 30 solar companies at work throughout the value chain in Rhode Island, employing 940. These companies provide a wide variety of solar products and services ranging from solar system installations to the manufacturing of components used in photovoltaic panels. Solar firms in this state can be broken down across the following categories: 9 manufacturers, 9 contractor/installers, 7 project developers, 3 distributors and 2 engaged in other solar activities including financing, engineering and legal support.
Solar panel costs have fallen significantly in the last 5 years and now installing solar panels can be one of the best investments you can make for your home. There are also now a lot of products on the market utilizing sophisticated financing vehicles to make solar panels for your home affordable. This website will show you the average retail price of installing home solar panels in Rhode Island.
Solar rebates and solar tax credits in Rhode Island.
Solar incentives are offered at the utility, county, state and federal level. These solar incentives can take various forms including solar tax credits, up front solar rebates, premium feed in tariffs (known as net metering) or solar production incentives.The eligibility and rules for each incentive program can vary greatly. This solar panel calculator allows you to enter your address and it will tell you what solar incentives will apply at your house and the value of these if you go solar.
Finding the right solar company for you:
There are many solar companies in Rhode Island offering a wide variety of brands and options. This consumer reviews website will show you the consumer ratings of each solar installer that services your area and will also show you what brands of solar panels.