Mystic Solar is located in Mystic, CT a few miles from Rhode Island and the towns and territories of Westerly, Watch Hill, Misquamicut, Charlestown, Weekapaug & Block Island.
Current Rebates and Incentives available...
Corporate Tax Credit
Residential Renewable Energy Tax Credit (Corporate)
Incentive Type: Corporate Tax Credit
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: 25% of costs
Maximum Incentive: Based on maximum system cost of $15,000 for PV, active solar space heating and wind; Based on $7,000 maximum system cost for solar hot water and geothermal
Eligible System Size: PV: minimum module size of 24 square feet
Solar hot water: minimum collector area of 34 square feet
Active solar heating: minimum collector area of 125 square feet
Wind: minimum capacity of 250 watts at 28 mph
Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16
Carryover Provisions: Credit may not be carried over to subsequent years
Web Site: http://www.energy.ri.gov/programs/renewable.php#taxcredit
Date Effective: 01/01/2011
NOTE: Due to changes in the Rhode Island Personal Income Tax in 2010, the Renewable Energy Tax Credit is not available for systems installed in 2011, unless proposed legislation reinstates the tax credit. Be sure to contact the Rhode Island Energy Office for the latest information on this tax credit.
Rhode Island offers a tax credit for photovoltaic systems (on-grid and off-grid), solar hot-water systems, active solar-heating systems, wind-energy systems and geothermal-energy systems installed on residences. The tax credit is equal to 25% of the system cost and applies only to residential installations. The credit is available to the resident or business that pays for the system.
Photovoltaic (PV) systems must have a minimum module size of 24 square feet, and must either be connected to the grid or to a battery-storage system. PV systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a PV system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Solar hot-water systems must have a minimum collector area of 34 square feet and must include a storage tank that holds at least 80 gallons. Solar hot-water systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a solar hot-water system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)
Active solar-heating systems must have a minimum collector area of 125 square feet, and must include a system for storing and/or distributing heat to the living area of a house. Active solar-heating systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for an active solar-heating system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Wind-energy systems must have a rotor diameter of at least 44 inches and a minimum factory-rated output of at least 250 watts (W) at 28 miles per hour. Wind-energy systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a wind-energy system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Geothermal systems must have either a minimum coefficient of performance of 3.4, or an efficiency ratio of 16 or greater. All geothermal systems must have a commissioning sign-off by the manufacturer or distributor of the equipment to verify the proper installation and performance of the system. In addition, all geothermal systems must meet the following standards:
The following systems are not eligible for the credit: passive solar space-heating systems, passive solar hot-water systems, sunspaces, solar greenhouses, PV and wind systems on boats or recreational vehicles, solar collectors for pools, existing renewable-energy systems, used renewable-energy equipment, and repairs and replacements of existing renewable-energy systems.
To apply for the tax credit, taxpayers must first obtain a system approval from the Rhode Island Office of Energy Resources (RI OER), which is to be attached to the income tax filing. The RI OER website provides details on the criteria and application for system approval. Although the statute contains a provision for RI OER to certify contractors in lieu of requiring system certification, contractor certification procedures are not in place at this time.
Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Public Information
Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Phone: (401) 574-8935
Phone 2: (401) 574-8922
Web Site: http://www.tax.state.ri.us/
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: 25% of costs
Maximum Incentive: Based on maximum system cost of $15,000 for PV, active solar space heating and wind; Based on $7,000 maximum system cost for solar hot water and geothermal
Eligible System Size: PV: minimum module size of 24 square feet
Solar hot water: minimum collector area of 34 square feet
Active solar heating: minimum collector area of 125 square feet
Wind: minimum capacity of 250 watts at 28 mph
Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16
Carryover Provisions: Credit may not be carried over to subsequent years
Web Site: http://www.energy.ri.gov/programs/renewable.php#taxcredit
Date Effective: 01/01/2011
NOTE: Due to changes in the Rhode Island Personal Income Tax in 2010, the Renewable Energy Tax Credit is not available for systems installed in 2011, unless proposed legislation reinstates the tax credit. Be sure to contact the Rhode Island Energy Office for the latest information on this tax credit.
Rhode Island offers a tax credit for photovoltaic systems (on-grid and off-grid), solar hot-water systems, active solar-heating systems, wind-energy systems and geothermal-energy systems installed on residences. The tax credit is equal to 25% of the system cost and applies only to residential installations. The credit is available to the resident or business that pays for the system.
Photovoltaic (PV) systems must have a minimum module size of 24 square feet, and must either be connected to the grid or to a battery-storage system. PV systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a PV system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Solar hot-water systems must have a minimum collector area of 34 square feet and must include a storage tank that holds at least 80 gallons. Solar hot-water systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a solar hot-water system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)
Active solar-heating systems must have a minimum collector area of 125 square feet, and must include a system for storing and/or distributing heat to the living area of a house. Active solar-heating systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for an active solar-heating system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Wind-energy systems must have a rotor diameter of at least 44 inches and a minimum factory-rated output of at least 250 watts (W) at 28 miles per hour. Wind-energy systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a wind-energy system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Geothermal systems must have either a minimum coefficient of performance of 3.4, or an efficiency ratio of 16 or greater. All geothermal systems must have a commissioning sign-off by the manufacturer or distributor of the equipment to verify the proper installation and performance of the system. In addition, all geothermal systems must meet the following standards:
- ARI/ASHRAE/ISO-13256-1 for water-to-air geothermal systems
- ARI/ASHRAE/ISO-13256-2 for water-to-water geothermal systems
- ARI/ASHRAE/ISO-13256 GWHP for groundwater heat pumps
- ARI/ASHRAE/ISO-13256 GLHP for closed-loop heat pumps
The following systems are not eligible for the credit: passive solar space-heating systems, passive solar hot-water systems, sunspaces, solar greenhouses, PV and wind systems on boats or recreational vehicles, solar collectors for pools, existing renewable-energy systems, used renewable-energy equipment, and repairs and replacements of existing renewable-energy systems.
To apply for the tax credit, taxpayers must first obtain a system approval from the Rhode Island Office of Energy Resources (RI OER), which is to be attached to the income tax filing. The RI OER website provides details on the criteria and application for system approval. Although the statute contains a provision for RI OER to certify contractors in lieu of requiring system certification, contractor certification procedures are not in place at this time.
Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Public Information
Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Phone: (401) 574-8935
Phone 2: (401) 574-8922
Web Site: http://www.tax.state.ri.us/
Local Loan Program
New Generation Energy - Community Food Service Efficiency Lending Program
Incentive Type: Local Loan Program
Eligible Efficiency Technologies: Refrigerators, Custom/Others pending approval, Commercial Cooking Equipment, Commercial Refrigeration Equipment, Food Service Equipment, Convection Ovens, Steamer, Fryer
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Agricultural, (any for-profit or non-profit enterprise involved in food storage or cooking)
Amount: $5,000 to $100,000
Maximum Incentive: $100,000
Terms: Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)
Funding Source: NGE's Renewable Energy Investment Note and Private Donations to NGE
Start Date: 05/2009
Web Site: http://www.newgenerationenergy.org/?q=community-lending/community...
The Boston-based, non-profit organization New Generation Energy offers low interest loans for the installation of ENERGY STAR rated kitchen appliances via its Community Food Service Efficiency Lending Program. The ENERGY STAR appliance loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. Examples of eligible organizations include restaurants, school cafeterias, church commissaries, coffee shops, grocery stores, and wholesale food distributors (in other words, any business or non-profit that stores or cooks food). The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change.
Interested businesses and non-profits should work with ENERGY STAR rated appliance distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants.
There are also loans available for solar electric and solar water heating. Pre-applications are available at New Generation Energy's web site.
Contact: Community Lending Officer
New Generation Energy
Community Lending Program
98 N. Washington St., Suite 305
Boston, MA 02114
Phone: (617) 624-3688
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://newgenerationenergy.org
Eligible Efficiency Technologies: Refrigerators, Custom/Others pending approval, Commercial Cooking Equipment, Commercial Refrigeration Equipment, Food Service Equipment, Convection Ovens, Steamer, Fryer
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Agricultural, (any for-profit or non-profit enterprise involved in food storage or cooking)
Amount: $5,000 to $100,000
Maximum Incentive: $100,000
Terms: Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)
Funding Source: NGE's Renewable Energy Investment Note and Private Donations to NGE
Start Date: 05/2009
Web Site: http://www.newgenerationenergy.org/?q=community-lending/community...
The Boston-based, non-profit organization New Generation Energy offers low interest loans for the installation of ENERGY STAR rated kitchen appliances via its Community Food Service Efficiency Lending Program. The ENERGY STAR appliance loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. Examples of eligible organizations include restaurants, school cafeterias, church commissaries, coffee shops, grocery stores, and wholesale food distributors (in other words, any business or non-profit that stores or cooks food). The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change.
Interested businesses and non-profits should work with ENERGY STAR rated appliance distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants.
There are also loans available for solar electric and solar water heating. Pre-applications are available at New Generation Energy's web site.
Contact: Community Lending Officer
New Generation Energy
Community Lending Program
98 N. Washington St., Suite 305
Boston, MA 02114
Phone: (617) 624-3688
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://newgenerationenergy.org
New Generation Energy - Community Solar Lending Program
Incentive Type: Local Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Agricultural, (any for-profit or non-profit enterprise)
Amount: $5,000 to $100,000
Maximum Incentive: $100,000
Terms: Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)
Funding Source: NGE's Renewable Energy Investment Note and Private Donations to NGE
Start Date: 05/2009
Web Site: http://www.newgenerationenergy.org/?q=community-lending/community...
The Boston-based non-profit organization New Generation Energy offers low interest loans for the installation of solar electric and solar water heating systems via its Community Lending Program. The solar loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change.
Interested businesses and non-profits should work with solar distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants.
There are also loans available for the purchase of Energy Star kitchen appliances for organizations and business involved in food sales and service. Pre-applications available at New Generation Energy's web site.
Contact: Community Lending Officer
New Generation Energy
Community Lending Program
98 N. Washington St., Suite 305
Boston, MA 02114
Phone: (617) 624-3688
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://newgenerationenergy.org
Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Agricultural, (any for-profit or non-profit enterprise)
Amount: $5,000 to $100,000
Maximum Incentive: $100,000
Terms: Loans up to 1-10 years, rates vary from 0 to 5% (subject to change)
Funding Source: NGE's Renewable Energy Investment Note and Private Donations to NGE
Start Date: 05/2009
Web Site: http://www.newgenerationenergy.org/?q=community-lending/community...
The Boston-based non-profit organization New Generation Energy offers low interest loans for the installation of solar electric and solar water heating systems via its Community Lending Program. The solar loans are available to companies (including sole-proprietorship) and non-profits in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), with an emphasis on those located in low and middle-income communities. The interest rate is currently 5.0%, although certain projects may be awarded grants and receive a lower interest rate. Only projects applying for loans are eligible for grants. The interest rate and terms are subject to change.
Interested businesses and non-profits should work with solar distributors and/or installers to receive a price quote. After quotes have been received, they must submit a pre-application to the Community Lending Program. New Generation Energy staff will review the pre-application and will invite only qualified projects to complete a full application. A personal guarantee is normally required for loans. After a site visit, the final determination is made and loan terms are offered to the successful applicants.
There are also loans available for the purchase of Energy Star kitchen appliances for organizations and business involved in food sales and service. Pre-applications available at New Generation Energy's web site.
Contact: Community Lending Officer
New Generation Energy
Community Lending Program
98 N. Washington St., Suite 305
Boston, MA 02114
Phone: (617) 624-3688
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://newgenerationenergy.org
Personal Tax Credit
Residential Renewable Energy Tax Credit (Personal)
Incentive Type: Personal Tax Credit
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Geothermal Heat Pumps
Applicable Sectors: Residential
Amount: 25% of costs
Maximum Incentive: Based on maximum system cost of $15,000 for PV, active solar space heating and wind; Based on $7,000 maximum system cost for solar hot water and geothermal
Eligible System Size: PV: minimum module size of 24 square feet
Solar hot water: minimum collector area of 34 square feet
Active solar heating: minimum collector area of 125 square feet
Wind: minimum capacity of 250 watts at 28 mph
Geothermal: minimum coefficient of performance of 3.4 or minimum efficiency ratio of 16
Carryover Provisions: Credit may not be carried over to subsequent years
Web Site: http://www.energy.ri.gov/programs/renewable.php
Date Effective:01/01/2011
NOTE: Due to changes in the Rhode Island Personal Income Tax in 2010, the Renewable Energy Tax Credit is not available for systems installed in 2011, unless proposed legislation reinstates the tax credit. Be sure to contact the Rhode Island Energy Office for the latest information on this tax credit.
Rhode Island offers a personal tax credit for photovoltaic systems (on-grid and off-grid), solar hot-water systems, active solar-heating systems, wind-energy systems and geothermal-energy systems. The tax credit is equal to 25% of the system cost and applies only to residential installations. The credit is available to the resident or business that pays for the system.
Photovoltaic (PV) systems must have a minimum module size of 24 square feet, and must either be connected to the grid or to a battery-storage system. PV systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a PV system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Solar hot-water systems must have a minimum collector area of 34 square feet and must include a storage tank that holds at least 80 gallons. Solar hot-water systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a solar hot-water system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)
Active solar-heating systems must have a minimum collector area of 125 square feet, and must include a system for storing and/or distributing heat to the living area of a house. Active solar-heating systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for an active solar-heating system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Wind-energy systems must have a rotor diameter of at least 44 inches and a minimum factory-rated output of at least 250 watts (W) at 28 miles per hour. Wind-energy systems up to $15,000 are eligible for the full 25% credit. (A resident or business that pays for a wind-energy system that exceeds $15,000 in cost will receive a credit based on a $15,000 system cost.)
Geothermal systems must have either a minimum coefficient of performance of 3.4, or an efficiency ratio of 16 or greater. All geothermal systems must have a commissioning sign-off by the manufacturer or distributor of the equipment to verify the proper installation and performance of the system. In addition, all geothermal systems must meet the following standards:
- ARI/ASHRAE/ISO-13256-1 for water-to-air geothermal systems
- ARI/ASHRAE/ISO-13256-2 for water-to-water geothermal systems
- ARI/ASHRAE/ISO-13256 GWHP for groundwater heat pumps
- ARI/ASHRAE/ISO-13256 GLHP for closed-loop heat pumps
Geothermal systems up to $7,000 are eligible for the full 25% credit. (A resident or business that pays for a geothermal system that exceeds $7,000 in cost will receive a credit based on a $7,000 system cost.)
The following systems are not eligible for the credit: passive solar space-heating systems, passive solar hot-water systems, sunspaces, solar greenhouses, PV and wind systems on boats or recreational vehicles, solar collectors for pools, existing renewable-energy systems, used renewable-energy equipment, and repairs and replacements of existing renewable-energy systems.
To apply for the tax credit, taxpayers must first obtain a system approval from the Rhode Island Office of Energy Resources (RI OER), which is to be attached to the income tax filing. The RI OER website provides details on the criteria and application for system approval. Although the statute contains a provision for RI OER to certify contractors in lieu of requiring system certification, contractor certification procedures are not in place at this time.
Contact: Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Public Information
Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Phone: (401) 574-8935
Phone 2: (401) 574-8922
Web Site: http://www.tax.state.ri.us/
Property Tax Incentive
Local Option - Property Tax Exemption for Renewable Energy Systems
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric
Applicable Sectors: Commercial, Industrial, Residential, Agricultural
Amount: Varies (local option)
Date Enacted:1980
Rhode Island law allows cities and towns to exempt renewable-energy systems from property taxation (via ordinance). The term "renewable energy system" is not defined in the applicable statute (R.I. Gen. Laws § 44-3-21).
Note that a separate statute (R.I. Gen. Laws § 44-57-4) specifies that for purposes of local municipal property tax assessment, certain residential solar-energy systems may not be assessed at more than the value of a conventional heating system, a conventional hot-water system or energy production capacity that otherwise could be necessary to install in a building. Qualifying technologies include photovoltaic (PV) systems, solar water-heating systems and active solar space-heating systems.
Contact:Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Small Hydroelectric
Applicable Sectors: Commercial, Industrial, Residential, Agricultural
Amount: Varies (local option)
Date Enacted:1980
Rhode Island law allows cities and towns to exempt renewable-energy systems from property taxation (via ordinance). The term "renewable energy system" is not defined in the applicable statute (R.I. Gen. Laws § 44-3-21).
Note that a separate statute (R.I. Gen. Laws § 44-57-4) specifies that for purposes of local municipal property tax assessment, certain residential solar-energy systems may not be assessed at more than the value of a conventional heating system, a conventional hot-water system or energy production capacity that otherwise could be necessary to install in a building. Qualifying technologies include photovoltaic (PV) systems, solar water-heating systems and active solar space-heating systems.
Contact:Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Residential Solar Property Tax Exemption
Incentive Type: Property Tax Incentive
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics Applicable Sectors: Residential
Amount: Assessed at no more than conventional energy systems
Rhode Island law provides that for purposes of local municipal property tax assessment, certain residential solar-energy systems may not be assessed at more than the value of a conventional heating system, a conventional water-heating system or energy production capacity that otherwise could be necessary to install in a building. Qualifying technologies include photovoltaic (PV) systems, solar hot-water systems and active solar space-heating systems. Equipment must be new. Systems installed on boats or vehicles do not qualify.
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Photovoltaics Applicable Sectors: Residential
Amount: Assessed at no more than conventional energy systems
Rhode Island law provides that for purposes of local municipal property tax assessment, certain residential solar-energy systems may not be assessed at more than the value of a conventional heating system, a conventional water-heating system or energy production capacity that otherwise could be necessary to install in a building. Qualifying technologies include photovoltaic (PV) systems, solar hot-water systems and active solar space-heating systems. Equipment must be new. Systems installed on boats or vehicles do not qualify.
Sales Tax Incentives
Residential Renewable Energy Tax Credit (Corporate)
Incentive Type: Sales Tax Incentive
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Heat Pumps, Solar Pool Heating
Applicable Sectors: Commercial, Residential, General Public/Consumer
Amount: 100% exemption
Maximum Incentive: None
Start Date: 7/15/2005
Date Effective:7/15/2005
Certain renewable energy systems and equipment sold in Rhode Island are exempt from the state's sales and use tax. Eligible products include solar electric systems, inverters for solar electric systems, solar thermal systems, manufactured mounting racks and ballast pans for solar collectors, geothermal heat pumps, and wind turbines and towers.
Contact: Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Wind, Geothermal Heat Pumps, Solar Pool Heating
Applicable Sectors: Commercial, Residential, General Public/Consumer
Amount: 100% exemption
Maximum Incentive: None
Start Date: 7/15/2005
Date Effective:7/15/2005
Certain renewable energy systems and equipment sold in Rhode Island are exempt from the state's sales and use tax. Eligible products include solar electric systems, inverters for solar electric systems, solar thermal systems, manufactured mounting racks and ballast pans for solar collectors, geothermal heat pumps, and wind turbines and towers.
Contact: Charles Hawkins
Rhode Island Office of Energy Resources
One Capitol Hill
Providence, RI 02908-5890
Phone: (401) 574-9100
Fax: (401) 222-1260
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.energy.ri.gov
State Grant Program
RIEDC - Renewable Energy Fund Grants
Incentive Type: State Grant Program
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Multi-Family Residential, Low-Income Residential, Agricultural, Institutional
Amount: Varies by project
Maximum Incentive: $750,000 (varies by project type)
Funding Source: Rhode Island Renewable Energy Fund (RIREF)
Start Date: 12/15/2008
Web Site: http://www.riedc.com/business-services/renewable-energy
Date Effective:12/15/2008
The Rhode Island Economic Development Corporation (RIEDC) offers financial incentives for renewable energy projects that "directly benefit the state of Rhode Island." These financial incentives, which include grants, recoverable grants and loans, are funded by the Rhode Island Renewable Energy Fund (RIREF).
The program areas include: Non-profit Affordable Housing Investment Program for non-profit affordable housing developers and agencies: $100,000 per award per year (total of $200,000 funding available). Applications due by March 31 and September 30.
Municipal Renewable Energy Investment Program for municipalities: $500,000 per award per year (up to $1 million in funding available for all projects). Applications due by March 31 and September 30. Pre-development Consultant and Technical Feasibility Program for business, commercial, not-for-profit, municipal and institutional projects: no project cap or limit, but funding limited to no more than $200,000 per year. Applications due by March 31 and September 30. Renewable Energy Development Program for business, commercial, not-for-profit and institutional projects: project cap of $750,000 per award year (funding is the remaining balance of the RIREF). Applications accepted on a rolling-basis.
Renewable energy systems eligible for support from the RIREF include facilities in the New England Power Pool control area that generate electricity using solar, wind, wave, tidal, ocean-thermal, geothermal, hydro or sustainably-managed biomass resources. Solar-thermal systems (including solar space-heating systems) are eligible if installed on low-income housing projects certified by the Rhode Island Housing and Mortgage Finance Corporation.
The RIEDC has created specific criteria for evaluation that include the project's technical feasibility, financial viability, anticipated amount of renewable energy to be produced, estimated cost per kilowatt-hour of energy to be produced, project management capabilities, and time to market. There are additional criteria for each type of application (business, nonprofit affordable housing, municipal or technical and feasibility study). In general applicants must explain how the project will help promote the expansion and sound development of renewable energy in the state. Visit the RIEDC web site for additional evaluation criteria and application submission deadlines.
In 2009, the RIEDC supported 31 projects at a total of $3 million dollars. For more information, see RIEDC's Financial and Performance Report 2010 (covering the 2009 calendar year).
Contact: Julian Dash
Rhode Island Economic Development Corporation
315 Iron Horse Way, Suite 101
Providence, RI 02908
Phone: (401) 278-9138
Fax: (401) 273-8270
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.riedc.com/business-services/renewable-energy
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Multi-Family Residential, Low-Income Residential, Agricultural, Institutional
Amount: Varies by project
Maximum Incentive: $750,000 (varies by project type)
Funding Source: Rhode Island Renewable Energy Fund (RIREF)
Start Date: 12/15/2008
Web Site: http://www.riedc.com/business-services/renewable-energy
Date Effective:12/15/2008
The Rhode Island Economic Development Corporation (RIEDC) offers financial incentives for renewable energy projects that "directly benefit the state of Rhode Island." These financial incentives, which include grants, recoverable grants and loans, are funded by the Rhode Island Renewable Energy Fund (RIREF).
The program areas include: Non-profit Affordable Housing Investment Program for non-profit affordable housing developers and agencies: $100,000 per award per year (total of $200,000 funding available). Applications due by March 31 and September 30.
Municipal Renewable Energy Investment Program for municipalities: $500,000 per award per year (up to $1 million in funding available for all projects). Applications due by March 31 and September 30. Pre-development Consultant and Technical Feasibility Program for business, commercial, not-for-profit, municipal and institutional projects: no project cap or limit, but funding limited to no more than $200,000 per year. Applications due by March 31 and September 30. Renewable Energy Development Program for business, commercial, not-for-profit and institutional projects: project cap of $750,000 per award year (funding is the remaining balance of the RIREF). Applications accepted on a rolling-basis.
Renewable energy systems eligible for support from the RIREF include facilities in the New England Power Pool control area that generate electricity using solar, wind, wave, tidal, ocean-thermal, geothermal, hydro or sustainably-managed biomass resources. Solar-thermal systems (including solar space-heating systems) are eligible if installed on low-income housing projects certified by the Rhode Island Housing and Mortgage Finance Corporation.
The RIEDC has created specific criteria for evaluation that include the project's technical feasibility, financial viability, anticipated amount of renewable energy to be produced, estimated cost per kilowatt-hour of energy to be produced, project management capabilities, and time to market. There are additional criteria for each type of application (business, nonprofit affordable housing, municipal or technical and feasibility study). In general applicants must explain how the project will help promote the expansion and sound development of renewable energy in the state. Visit the RIEDC web site for additional evaluation criteria and application submission deadlines.
In 2009, the RIEDC supported 31 projects at a total of $3 million dollars. For more information, see RIEDC's Financial and Performance Report 2010 (covering the 2009 calendar year).
Contact: Julian Dash
Rhode Island Economic Development Corporation
315 Iron Horse Way, Suite 101
Providence, RI 02908
Phone: (401) 278-9138
Fax: (401) 273-8270
E-Mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Web Site: http://www.riedc.com/business-services/renewable-energy
State Loan Program
RIEDC - Renewable Energy Fund Loans
Incentive Type: State Loan Program
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Multi-Family Residential, Low-Income Residential, Agricultural, Institutional
Amount: Varies by project
Maximum Incentive: $750,000 (varies by project type)
Funding Source: Rhode Island Renewable Energy Fund (RIREF)
Start Date: 12/15/2008
Web Site: http://www.riedc.com/business-services/renewable-energy
Date Effective:12/15/2008
The Rhode Island Economic Development Corporation (RIEDC) is now accepting financing applications for renewable energy projects that "directly benefit the state of Rhode Island." These financial incentives, which include grants, recoverable grants and loans, are funded by the Rhode Island Renewable Energy Fund (RIREF). The program areas include: Non-profit Affordable Housing Investment Program for non-profit affordable housing developers and agencies: $100,000 per award per year (total of $200,000 funding available). Applications due by March 31 and September 30.
Municipal Renewable Energy Investment Program for municipalities: $500,000 per award per year (up to $1 million in funding available for all projects). Applications due by March 31 and September 30. Pre-development Consultant and Technical Feasibility Program for business, commercial, not-for-profit, municipal and institutional projects: no project cap or limit, but funding limited to no more than $200,000 per year. Applications due by March 31 and September 30. Renewable Energy Development Program for business, commercial, not-for-profit and institutional projects: project cap of $750,000 per award year (funding is the remaining balance of the RIREF). Applications accepted on a rolling-basis.
Renewable energy systems eligible for support from the RIREF include facilities in the New England Power Pool control area that generate electricity using solar, wind, wave, tidal, ocean-thermal, geothermal, hydro or sustainably-managed biomass resources. Solar-thermal systems (including solar space-heating systems) are eligible if installed on low-income housing projects certified by the Rhode Island Housing and Mortgage Finance Corporation.
The RIEDC has created specific criteria for evaluation that include the project's technical feasibility, financial viability, anticipated amount of renewable energy to be produced, estimated cost per kilowatt-hour of energy to be produced, project management capabilities, and time to market. There are additional criteria for each type of application (business, nonprofit affordable housing, municipal or technical and feasibility study). In general applicants must explain how the project will help promote the expansion and sound development of renewable energy in the state. Visit the RIEDC web site for additional evaluation criteria and application submission deadlines.
In 2009, the RIEDC supported 31 projects at a total of $3 million dollars. For more information, see RIEDC's Financial and Performance Report 2009.
Eligible Renewable/Other Technologies: Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal, Fuel Cells using Renewable Fuels
Applicable Sectors: Commercial, Industrial, Nonprofit, Schools, Local Government, Multi-Family Residential, Low-Income Residential, Agricultural, Institutional
Amount: Varies by project
Maximum Incentive: $750,000 (varies by project type)
Funding Source: Rhode Island Renewable Energy Fund (RIREF)
Start Date: 12/15/2008
Web Site: http://www.riedc.com/business-services/renewable-energy
Date Effective:12/15/2008
The Rhode Island Economic Development Corporation (RIEDC) is now accepting financing applications for renewable energy projects that "directly benefit the state of Rhode Island." These financial incentives, which include grants, recoverable grants and loans, are funded by the Rhode Island Renewable Energy Fund (RIREF). The program areas include: Non-profit Affordable Housing Investment Program for non-profit affordable housing developers and agencies: $100,000 per award per year (total of $200,000 funding available). Applications due by March 31 and September 30.
Municipal Renewable Energy Investment Program for municipalities: $500,000 per award per year (up to $1 million in funding available for all projects). Applications due by March 31 and September 30. Pre-development Consultant and Technical Feasibility Program for business, commercial, not-for-profit, municipal and institutional projects: no project cap or limit, but funding limited to no more than $200,000 per year. Applications due by March 31 and September 30. Renewable Energy Development Program for business, commercial, not-for-profit and institutional projects: project cap of $750,000 per award year (funding is the remaining balance of the RIREF). Applications accepted on a rolling-basis.
Renewable energy systems eligible for support from the RIREF include facilities in the New England Power Pool control area that generate electricity using solar, wind, wave, tidal, ocean-thermal, geothermal, hydro or sustainably-managed biomass resources. Solar-thermal systems (including solar space-heating systems) are eligible if installed on low-income housing projects certified by the Rhode Island Housing and Mortgage Finance Corporation.
The RIEDC has created specific criteria for evaluation that include the project's technical feasibility, financial viability, anticipated amount of renewable energy to be produced, estimated cost per kilowatt-hour of energy to be produced, project management capabilities, and time to market. There are additional criteria for each type of application (business, nonprofit affordable housing, municipal or technical and feasibility study). In general applicants must explain how the project will help promote the expansion and sound development of renewable energy in the state. Visit the RIEDC web site for additional evaluation criteria and application submission deadlines.
In 2009, the RIEDC supported 31 projects at a total of $3 million dollars. For more information, see RIEDC's Financial and Performance Report 2009.
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