Rhode Island Solar Incentives — Complete Guide

Class 1 NEPOOL-GIS Renewable Energy Credits (RECs)

Rhode Island customer-owned systems earn Class 1 RECs registered in NEPOOL-GIS.

How It Works

• Venture Home handles registration for eligible systems
• RECs are earned at 1 per MWh of production
• Can be sold to utilities meeting Rhode Island's Renewable Energy Standard

Property Tax Exemption

Rhode Island exempts the added value of solar installations from property tax assessment.

What This Means

Installing solar can increase your home's market value — in Rhode Island, that increase will not raise your property taxes.

How to Apply

No application is required; the exemption is applied automatically when your property is assessed.

Sales Tax Exemption

Solar equipment and installation costs in Rhode Island are exempt from the 7% state sales tax.

How It Works

• Exemption is applied at point of purchase
• No action required
• On a typical $17,000 system, this saves approximately $1,190 upfront

Rhode Island Renewable Energy Fund (REF) Grant

You may be eligible for a one-time upfront grant from the Rhode Island Renewable Energy Fund, administered by the Rhode Island Office of Energy Resources (OER).

How It Works

• Venture Home handles the application process as part of your installation
• Confirm with your project manager whether the program has available funding at the time of your installation
• Funding availability varies

REG Program Note

Rhode Island customers may also be enrolled in the REG program (Renewable Energy Growth), which provides a fixed per-kWh payment over a set term, coordinated with your utility at the time of interconnection.

Once enrolled, this happens automatically with no further action required.

Quick Summary

Questions? Contact Customer Success at 800-203-4158.