Is solar worth it in 02903 (Providence, RI)?

With an average payback period of 7.4 years and 25-year savings of $50,050, solar panels in Providence, Rhode Island are an excellent investment.

How much do solar panels cost in 02903?

The average cost of a 6kW residential solar system in Providence, Rhode Island is $14,800 before incentives. The federal 30% Investment Tax Credit reduces this to about $10,360.

How much solar electricity does 02903 get?

Providence receives 4.28 kWh/m²/day of solar irradiance. A 6kW system in zip code 02903 produces approximately 7,499 kWh per year.

Solar Panel ROI in 02903

Providence, Rhode Island — Is solar worth it here? Here's what the data says.

3.4x ROI Score

7.4 yrs Payback Period

$2,002/yr Annual Savings

$50,050 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $2,002

Payback 7.4 yrs

25-yr savings $50,050

Solar Calculator for 02903 (Providence)

Adjust values to see your personalized solar ROI estimate for Providence, Rhode Island.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.28 kWh/m²/day

Based on NREL data for Providence, RI

ROI Score 3.4x

Annual Production 7,499 kWh

Annual Savings $2,002

Payback Period 7.4 years

25-Year Savings $50,050

After 30% ITC $10,360

Solar Data for 02903 – Providence, RI

Solar Irradiance 4.28 kWh/m²/day -13.7% vs national avg

vs Rhode Island Avg +0% State avg: 4.7 kWh/m²/day

Electricity Rate $0.267/kWh Rhode Island average rate

Annual Production 7,499 kWh 6kW system estimate

Providence gets 4.28 kWh/m²/day (13.7% below national avg) and electricity at $0.267/kWh. The 7.4-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Providence, Rhode Island

★

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $14,800 system, that's $4,440 back.

★

Net Metering

Most Rhode Island utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

★

Rhode Island State Programs

Check with the Rhode Island energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Providence.

02903 vs Rhode Island Average

Solar Irradiance

02903: 4.28 RI avg: 4.7

Payback Period

02903: 7.4 yrs RI avg: 7.2 yrs

Annual Savings

02903: $2,002 RI avg: $2,068

25-Year Savings

02903: $50,050 RI avg: $51,700

See the full Rhode Island solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

02905 Providence, RI 3.4x ROI 7.4 yr payback 02860 Pawtucket, RI 3.4x ROI 7.4 yr payback 02301 Brockton, MA 3.5x ROI 7.1 yr payback 02124 Dorchester, MA 3.5x ROI 7.1 yr payback 02119 Roxbury, MA 3.5x ROI 7.1 yr payback