Implementing Sector: | State |
Category: | Financial Incentive |
State: | Rhode Island |
Incentive Type: | Grant Program |
Web Site: | http://commerceri.com/finance-business/renewable-energy-fund/small-scale-projects/ |
Administrator: | Commerce RI |
Funding Source: | Rhode Island Renewable Energy Fund (RIREF); Alternative Compliance Payments (ACPs) |
Start Date: | 01/01/2013 |
Eligible Renewable/Other Technologies: | Solar Water Heat, Solar Photovoltaics |
Name: | RIGL §42-64-13.2 |
Commerce Rhode Island provides financial grants for small scale solar photovoltaic systems and domestic solar water heating systems to help reduce energy costs and increase renewable energy adoption. The program is funded by the Rhode Island Renewable Energy Fund (REF) and alternative compliance payments (ACPs) from the state’s renewable portfolios standard (RPS). The application for grants are solicited on a "Block" basis with specific application deadlines.
Eligibility
All residential, business, affordable housing, non-profits, state facilities, and municipalities located in Rhode Island are eligible to apply for the grant. Systems that are directly owned (DO) and systems that are owned by Third Party (TPO) are both eligible. Customers participating in RE Growth Program offered by National Grid are not eligible to participate in the program.
Grants are available for solar photovoltaic systems up to 10 kilowatts (kW) in capacity and domestic solar water-heating systems. Project owners must have conducted an energy audit prior to application submittal.
Program description
Systems that are directly owned (DO) and Third Party Owned systems have separate applications with different incentive levels. Solar PV systems are eligible up to $10,000 grant at an incentive of $1.05/ W for directly owned systems, and maximum of $5,000 grant at incentive for $0.70 for third party owned systems. Solar domestic how water systems are eligible up to $5,000 or a maximum of 25% of the total project cost.
Although homeowners are eligible for funding, they cannot themselves apply for the grant. Applications can only be submitted by eligible entities such as solar contractors, neighborhood associations, or other grouping mechanism approved by the Commerce RI. The installer/developer of the system must apply on the behalf of the projects owner. The installer is limited to an aggregate cap on all projects per solicitation period for $200,000 for direct owned systems, and $100,000 for third party owned systems. Commerce RI does not mandate that the REC’s go to any particular party. It is up to the installers and customers to decide who owns the REC’s.
The following requirements apply to each PV system proposed:
Input your address to see if it is solar friendly and how much you can save with solar.
Great. Your address is perfect for solar. Solar incentive is still available. Select monthly utility cost and calculate the size of solar system you will need now.
kw System size | years Payback period | Lifetime savings |
No money down, 100% finance is available.
Explore New Solar Potentials with NEM 3.0 on HahaSmart
April 26, 2023NEM 3.0 Goes Live in California: What It Means for EPCs and Homeowners?
April 13, 2023Increase Your Solar Sales with Our New Feature: Solar Access with Google Sunroof
March 28, 2023Homeowner Profiles Connect with Solar Pros
March 2, 2023