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Over your system’s lifetime you’ll save more by financing your solar system with a cash purchase,īut you won’t start saving in year one.

$17,100 over five years, $38,900 over 10 years,Īnd $101,700 over 20 years on electric bills in Rhode Island. You can expect to save $3,100 in your first year, The savings from offsetting 100% of an electric bill with solar can add up fast!Īssuming an 4.9% annual increase in electricity prices and that you install your system with a $0-down loan, On the EnergySage Marketplace, solar shoppers in Rhode Island pay an average of $22,000 for a 7.8 kW solar panel system prior to The amount that you can save with solar in Rhode Island is based on two factors: how much you spend on electricity now and how much of your electric bill you can offset with solar.īased on the intensity and amount of sunlight hours in Rhode Island, the average electricity customer in Rhode Island will need a 7.8 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 10,644 kWh per year. Solar saves you money by reducing or eliminating your monthly electric bill.

Electric bill savings with solar in Rhode Island

Download the last version for ipod Rhode Island residential appliance installer license prep class