Solar Panel Cost in Coventry, RI
Updated 2026 guide to solar panel prices, savings, and payback period in Coventry.
Estimated Solar Savings
Solar Panel System Costs in Coventry, RI
Below are estimated costs for different solar panel system sizes in Coventry, including the 30% federal solar tax credit.
| System Size | Cost Before Incentives | Federal Tax Credit (30%) | Net Cost | Est. Annual Production |
|---|---|---|---|---|
| 4 kW | $12,400 | -$3,720 | $8,680 | 5,548 kWh |
| 6 kWMost Popular | $18,600 | -$5,580 | $13,020 | 8,322 kWh |
| 8 kW | $24,800 | -$7,440 | $17,360 | 11,096 kWh |
| 10 kW | $31,000 | -$9,300 | $21,700 | 13,870 kWh |
| 12 kW | $37,200 | -$11,160 | $26,040 | 16,644 kWh |
What Affects Solar Panel Cost in Coventry?
The average cost of solar panels in Coventry, RI is approximately $310/watt before incentives. For a typical 6kW residential system, that means a total cost of about $18,600 before the federal tax credit.
After applying the 30% federal Investment Tax Credit (ITC), your net cost drops to approximately $13,020.Coventry homeowners typically see a payback period of 7 years and save an estimated $36,000 over 25 years.
Factors that affect your cost in Coventry:
- System size: Larger systems cost more but have a lower cost per watt
- Equipment quality: Premium panels and inverters cost more but offer better efficiency
- Roof complexity: Steep roofs, multiple levels, or shading can increase installation costs
- Local labor rates: Installation costs vary within the Coventry metro area
- Local permits: Permitting costs and requirements vary by municipality in Coventry
- Incentives: State and local programs can significantly reduce your out-of-pocket cost
Solar Incentives Available in Coventry
Federal Solar Investment Tax Credit
30% Federal Tax Credit (ITC)
Rhode Island homeowners can combine the 30% federal ITC with the state's Renewable Energy Growth program for excellent returns.
State & Local Incentives
Renewable Energy Growth (REG) Program
RebateRhode Island's REG program provides fixed per-kWh payments for solar energy production over 15-20 years.
Rhode Island Renewable Energy Fund Incentive
RebateAdditional rebates available through the RI Renewable Energy Fund for residential solar installations.
Sales Tax Exemption
Sales TaxSolar energy equipment is exempt from Rhode Island's 7% sales tax.
Property Tax Exemption
Property TaxRhode Island exempts solar energy systems from local property taxes.
Net Metering
Rhode Island offers net metering at the full retail rate for residential solar systems. The state also has a virtual net metering program for community solar.
AvailableSRECs
Rhode Island's Renewable Energy Growth program provides a form of production-based incentive similar to SRECs, with fixed payments for solar production.
Est. Value: Fixed REG program rates
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Top Solar Companies in Coventry, RI
Sunergy Solutions LLC
Venture Home Solar, LLC
Solar Panel Cost FAQ - Coventry, RI
The average cost of solar panels in Coventry is approximately $3.10 per watt before incentives. A typical 6kW residential system costs about $18,600 before the 30% federal tax credit, bringing the net cost to around $13,020.
The typical payback period for solar panels in Coventry is approximately 7 years. After that, you'll enjoy free electricity for the remaining 15-20+ years of your system's life, saving an estimated $36,000 over 25 years.
Coventry homeowners can take advantage of the 30% federal solar tax credit, which reduces your system cost by 30%. Rhode Island also offers net metering, SRECs, and various state-level incentive programs. Check our incentives page for the complete list.
Coventry homeowners can save an estimated $36,000 over 25 years by going solar. Actual savings depend on your electricity usage, system size, roof orientation, and available incentives. With electricity rates averaging $0.24/kWh in Rhode Island, solar provides significant long-term savings.
Solar Costs in Other Rhode Island Cities
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