Solar Savings Calculator for Woonsocket, RI

Homeowners in Woonsocket pay an average of $168/month for electricity through Rhode Island Energy. With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.

$168
Avg Monthly Bill
27.8¢/kWh
Electricity Rate
4h/day
Peak Sun Hours
$59,471
Est. 25-Year Savings

Calculate Your Savings in Woonsocket

Adjust Your Details for Woonsocket, RI

$
$50$1,000
50010,000
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
$2,016
Payback Period
5.3 years
25-Year Savings
$59,471
Return on Investment
554%

* Estimates based on 4 peak sun hours/day in Woonsocket, 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 Woonsocket

Utility & Permits

Utility Company
Rhode Island Energy
Permit Cost
$400
Permit Timeline
3-4 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 Woonsocket, 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.

30% of system cost

Rhode Island Renewable Energy Growth (REG)

Long-term performance-based incentive through National Grid.

$0.26-0.35/kWh for 20 years

Other Cities in Rhode Island

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