Grants & Rebates
RESIDENTIAL SYSTEMS qualify for a 55% TAX CREDIT – up to $3,750!
Example: Residential Hot Water System cost: $ 7,000
RI State Rebate: – $1,750
Federal Solar Tax Credit: -$ 2,000
$7,000 Solar Thermal System = $ 3,250
For more information see: seia.org/getpdf.php?iid=21
and
dsireusa.org/library/includes/map2.cfm?CurrentPageID=1&State=RI&RE=1&EE=1
ADDITIONAL INCENTIVES
No sales taxes
EXEMPTIONS from property tax for solar systems
FEDERAL COMMERCIAL TAX CREDIT, up to $25,000 per year plus 25% of the total tax remaining after the credit is taken. (Credit may be carried back to the three preceding years and then carried forward for 15 years.)
FEDERAL 5-YEAR ACCELERATED DEPRECIATION TAX DEDUCTIONS for all business use of solar energy equipment, up to $24,000 per year
