The Renewable Energy Growth (REG) Program supports the development of distributed generation projects in Rhode Island. Eligible technologies include wind, solar, hydropower, and anaerobic digestion. The program enables customers to sell their generation output under long-term tariffs at fixed prices. Each year the program is revised with new ceiling prices and megawatt allocation plan so don't delay!

THE SOLAR TAX CREDIT IS EXPIRING SOON!

Extended renewable energy tax credits have been included in a $1.4 trillion federal spending package alongside a $900 billion COVID-19 virus relief spending bill. The solar investment tax credit (ITC), which was scheduled to drop from 26% to 22% in 2021, will stay at 26% for two more years. This means solar projects in all market segments (residential, commercial, industrial, utility-scale) that begin construction in 2021 and 2022 will still be able to receive a tax credit at 26%. All markets will drop to a 22% tax credit in 2023 so don't delay!

Net Metering

Net Metering requires electric distribution companies to credit power produced by renewable energy systems installed behind a customer meter. Net Metering allows customers with eligible renewable energy systems to receive bill credits for all power generated up to 125% of the on-site consumption during a billing period. To participate in net metering, a renewable energy system must be sited on the customer’s premises. Eligible customer-sited net metering systems must be sized to meet on-site loads, based on a three-year average of electricity consumption at the property.