ORION SMART POWER
In the Ocean State, solar energy systems can be an excellent investment for those seeking to reduce their electricity bills and become more self-sufficient. With its plentiful sunshine - about 202 sun-filled days each year - roughly 79% of all rooftops can be used for renewable energy production. To help encourage this trend, in 2019, the state set Renewable Portfolio Standards that mandate a minimum of 16% solar power for its energy grid. Furthering its commitment to sustainability, it also established a few solar incentives and aims to reach 38.5% renewable energy by 2035 with the Renewable Energy Standard (RES).
4 Reasons Why It’s Worth Going Solar in Rhode Island
Add battery storage to your solar system so you can rely on clean energy and disconnect from the grid during outages.
Reduce your carbon footprint while harnessing the power of the sun. Solar panels take advantage of this by providing consistent, reliable power.
LOWER YOUR FOOTPRINT
Solar power has many advantages over fossil fuels as a renewable energy source. It is a more viable option for your home, community, and the environment.
INCREASE HOME VALUE
Due to the increasing popularity of solar-powered homes, they stand out, resulting in immense profits as they sell faster and at a higher value in the national real estate market.
Available Solar Incentives Rhode Island
Incentives help lower the cost of your solar energy system. Those available in Rhode Island include:
Solar Tax Credit: Most solar energy installations are eligible for the Residential Clean Energy Credit, previously called the Solar Investment Tax Credit (ITC). Eligible homeowners can deduct up to 30% of their solar power system’s costs from their total tax liability for the year of installation.
Connected Solutions: Battery storage owners can earn hundreds of dollars each year by allowing the utility, National Grid, to access stored energy during times of peak electricity demand which avoids the use of traditional power plants.
State Property Tax Exemption: Solar has been shown to increase the value of your home. Rhode Island exempts this addition from your property taxes, meaning you don’t pay extra taxes because you got solar panels.
State Sales Tax Exemption: Solar is exempt from Rhode Island’s sales tax.
RE Growth Program: Each year in April until program capacity limits are reached, National Grid offers new solar customers an alternative to net metering. Instead, the RE Growth Program sends all solar production to the grid in exchange for a credit. In 2021, the incentive credit was 28 cents per kWh, which is roughly 25% above the rate the utility charges for electricity.
Switching to solar is easy with ORION
Orion Smart Power is one of the country’s fastest-growing companies. We actively install in twenty states. Not in one of these states?
Please contact us to see if we’re in your area.