With the state's progressive mindset and continued policy updates toward solar, Rhode Island is quickly moving up the rankings as on of the top states to go solar. In recent years, it continues to become more attractive and rewarding for homeowners to use solar power. Homeowners here enjoy multiple options when it comes to solar, ranging from $0 down financing and an upfront cash purchase. Regardless of which option you choose, there are lucrative state programs and incentives in place to reward those who choose to take advantage of them. Solar is either guaranteed to save you money versus what you currently pay for electricity, or will simply let you know that solar is not right for your home. In fact, R.I. was recently ranked the number 3 state in the U.S. for homeowners to adopt solar power in 2017 in a recent study. A decision to go solar in Rhode Island is one of the safest and best financial decisions you can make as a homeowner. On top of all of this, Solar is the best way for your family to reduce its carbon footprint and help maintain our beautiful New England environment. Check out what other sources are saying at Solar Power Rocks.
FEDERAL TAX CREDIT
Uncle Sam wants you to use clean energy, that's why the Government is helping you out by paying for 30% of your system. Yes you read that right, 30%. This incentive was initially scheduled to end on in 2015; but fortunately for us the program was extended to the end of 2019. It's a double edge sword, you can take advantage of this incentive, but it wont last long!
STATE TAX CREDIT
The state also offers a state tax credit that further helps pay for your system on top of the federal incentive.
This is where it get's really good. Rhode Island is one of the few states that actually pays you for producing clean energy. These payments are also known as performance payments. This is a huge benefit of getting solar in your state that most other states don't offer.
All of these incentives add to why you can’t afford not to go solar. With the array of financing options available for no money down, the possibility of completely eliminating your utility bill, and paying less per month than you normally pay the local utility, it is simply a no brainier. At Summit, we are the right people to guide you through the process. We have the experience of helping hundreds of homeowners convert to solar power. Our experienced representatives are knowledgeable, professional, and credible.
Fill out this form today for a free in-home energy/solar audit and consultation.