Rhode Island encourages solar adoption through several incentive programs, including the following major initiatives. Click on the titles below to learn more about each.
Solect, RI’s Trusted Solar + Storage Solution provider
Solect Energy helps businesses and building owners capture robust solar incentives and earn a great solar ROI.
For public entities, Solect is the solar + storage partner for the Rhode Island League of Cities and Towns’ REAP program through Power Purchase Agreements (PPAs), leases, and system purchases. All projects are competitively procured and managed by PowerOptions, to fully comply with Rhode Island’s Inter-local Cooperation Act (R.I. Gen. Laws § 45-40-1 et seq), ensuring a smooth and seamless process.
“Solect was the perfect partner in our solar implementation process. They supported us through the entire process – from the feasibility assessment to the bank approval process and so on. The personal attention and professionalism we received was great.”
Tom Teager, CEO, ForeKicks
The Renewable Energy Growth (REG) Program: Optimize Savings+Income
Great news for medium (25–250 kW) and Commercial 1 (250–500 kW) solar projects:
- 2026 REG rates are scheduled to rise significantly, likely reaching the highest levels in program history.
- Projects up to 500 kW will receive the highest incentive payments and the fastest interconnection timelines.
- While final rates will be announced in November, higher 2026 REG incentives remain very likely, even with factors like tariffs and ITC going away.
Stay Updated
- The 2026 REG application windows will open in April.
- Despite the ITC phasing out, there’s still a window to stack REG incentives with ITC for maximum financial impact.
- Follow this page for the latest updates on REG CP development.
- Contact the Solect team today to learn how your project can take advantage of these incentives.
The Investment Tax Credit has been eliminated.
But with Solect, you can still combine REG + ITC
Solect has invested in ITC-eligible equipment to safe-harbor the 30% federal tax credit, leading to bigger customer savings. Despite the ITC phasing out, there’s still a window to stack REG incentives with the ITC for maximum financial impact.
Federal ITC Highlights
- Covers 30% of eligible project costs (e.g., $300k on a $1M project)
- Projects starting construction before July 4, 2026 can claim the FULL ITC
- Projects starting after July 4, 2026, must be operational by December 31, 2027 to qualify, which means a shorter completion window.
Contact us:
Combine REG + ITC incentives for maximum solar savings. Book your free consultation with Team Solect now.
Renewable Energy Fund (REF)
REF provides grants for renewable energy projects that have the potential to produce electricity in a cleaner, more sustainable manner, while stimulating job growth in the green technology and energy sectors.
Net metering
Net metering allows businesses and organizations with eligible renewable energy systems (up to 10 MW) generating up to 125% of the on-site electric demand to receive bill credits. Public entities are allowed to leverage virtual net metering with renewable energy developers for up to 10 MW per project site.
Source: The U.S. Energy Information Administration (EIA)
Why Solect: our differentiators at a glance
Excellence in quality, safety, value, and performance forms Solect’s cornerstones.
Our consistent process delivers outstanding results for our clients.
Assess project site(s) and current and future electric profile
Present analyses and recommendations on financial benefits
Contract, engineer, and
develop
Construct, interconnect, and commission projects
Optimize your solar ROI
with cutting-edge O&M services
Asset and performance management,
and compliance