Overview of solar power in the U.S. state of Rhode Island
Rhode Island population density
Solar power in Rhode Island has become economical due to new technological improvements and a variety of regulatory actions and financial incentives, particularly a 30% federal tax credit, available through 2016, for any size project. A typical residential installation could pay for itself in utility bill savings in 14 years, and generate a profit for the remainder of its 25 year life. Larger systems, from 10 kW to 5 MW, receive a feed-in tariff of up to 33.45¢/kWh.[1][2]
Due to the state's small size and comparatively low insolation, solar installations are limited to predominantly rooftop and megawatt scale installations. Approximately 23% of electricity used in Rhode Island could be provided from rooftop solar panels.[3]
^Rhode Island State Solar Power Rebates, Tax Credits, and Incentives Archived 2012-05-13 at the Wayback Machine
^Distributed Generation Standard Contracts Archived 2013-04-14 at archive.today
^Report Argues for a Decentralized System of Renewable Power Generation
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