Solar Savings Calculator for Providence, RI
Homeowners in Providence pay an average of $178/month for electricity through Rhode Island Energy. With 4.1 peak sun hours per day, solar panels can significantly reduce your energy costs.
$178
Avg Monthly Bill
27.8¢/kWh
Electricity Rate
4.1h/day
Peak Sun Hours
$63,651
Est. 25-Year Savings
Calculate Your Savings in Providence
Adjust Your Details for Providence, RI
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
5.2 kW
Panel Count
13 panels
Total System Cost
$15,340
Federal Tax Credit (30%)
-$4,602
Net Cost
$10,738
Annual Savings
$2,136
Payback Period
5 years
25-Year Savings
$63,651
Return on Investment
593%
* Estimates based on 4.1 peak sun hours/day in Providence, RI, system cost of $2.95/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Providence
Utility & Permits
- Utility Company
- Rhode Island Energy
- Permit Cost
- $450
- Permit Timeline
- 3-5 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 5.2 kW
- Panel Count
- 13 panels
- Gross Cost
- $15,340
- Net Cost (after credits)
- $10,738
Available Incentives for Providence, RI
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Rhode Island Renewable Energy Growth (REG)
Long-term performance-based incentive through National Grid.
Other Cities in Rhode Island
More Solar Tools for Providence
Providence Solar IncentivesAll available tax credits and rebatesProvidence Cost ComparisonSolar vs. grid costs over 25 yearsProvidence System SizingHow many panels your home needsProvidence Permits & RegulationsLocal permit requirementsIs Solar Worth It in Providence?Data-driven analysis for your cityProvidence Financing OptionsCompare loans, leases, and PPAs
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