Rhode Island encourages solar adoption through several incentive programs, including the following major initiatives. Click on the titles below to learn more about each.
- Renewable Energy Growth (REG) Program
- Renewable Energy Fund (REF)
- Net metering
- Rhode Island Energy Aggregation Program (REAP)
Solect, RI’s Trusted Solar + Storage Solution provider
Solect Energy helps businesses and building owners capture 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
REG Program continues to provide valuable incentives for solar projects
- Projects approved through the REG program receive a long-term incentive designed to provide predictable revenue over the project term.
- Solect can help you evaluate project eligibility and incentive opportunities.
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