With the deep experience developed from well over 800 systems installed over the last 10+ years, Newport Solar designs, builds, and installs robust solar energy systems delivering enduring value for our customers.
With low-pressure sales and high-quality installations, we use only premium solar panels and optimized components designed for efficient installation, low-maintenance and long-lasting performance.
Your investment will deliver value for decades to come…
and we will be there with you along the way.
Solar Incentives & Programs
Installing solar is a great investment, state and federal solar incentives help!
- Earn an excellent return on investment from predictable solar power
- Lower your up-front cost
- Become your own local source of clean, renewable solar electricity
Net Metering: Rhode Island residents can offset their electricity bill with energy from their solar array. In a net-metering installation, a meter tracks the import or export of electricity so that National Grid can provide monthly credit for your solar production. To learn more about the Net Metering program from National Grid, click here.
Rhode Island Renewable Energy Fund: For a Net Metering system with a site efficiency over 80%, Rhode Island will help offset the cost of the installation. The Rhode Island Renewable Energy Fund offers grants of up to $7,000 for residential installations and even more for commercial projects.
Federal Tax Credit (FTC)
Extended through 2032!
The Infrastructure Investment and Jobs Act of 2022 has increased the Federal Investment Tax Credit for Solar projects from the previous planned rate of 22% in 2023 to 30% in 2022 through 2032.
Batteries are also now eligible for this 30% FTC through 2032.
In addition to ongoing solar’s benefits, this tax credit provides a significant financial benefit to homeowners.
Paying for Solar
There are two ways to fund an installation:
Install Solar with Cash:
Use your own money for installation and receive a return over the life of your system.
- Invest at low risk, with a high rate of return
- Avoids interest payments
- Achieves the lowest electricity cost
Install Solar with Financing:
When financing you will use some of your monthly return to service a solar loan.
- Spend zero out of pocket
- Generate positive cash flow from day one
- Save money on your electricity bill
Use your existing home equity to secure a bank loan.
- Lower rates
- Deductible Interest
- Many Terms Available
We work with Dividend Finance, a lender focused on providing solar installation loans.
- Streamlined Applications
- Long terms available
- Fixed Rates