Solar Panel Cost & Payback in Rhode Island
Home solar in Rhode Island pays back in a median 8.5 years across the 29 places we cover, at an average electricity price of 29.2¢/kWh and about $3.50 per watt installed. Middletown has the fastest payback (8.1 years).
Solar estimates for Rhode Island cities and towns
Sorted by fastest payback. Each figure is for a system sized to an average Rhode Island home (567 kWh/month).
| Place | kWh per kW | System | Cost | Payback | 25-yr savings |
|---|---|---|---|---|---|
| Middletown | 1,369 | 5.2 kW | $18,200 | 8.1 yrs | $48,320 |
| Newport East | 1,369 | 5.2 kW | $18,200 | 8.1 yrs | $48,320 |
| Narragansett | 1,346 | 5.2 kW | $18,200 | 8.3 yrs | $47,203 |
| South Kingstown | 1,344 | 5.2 kW | $18,200 | 8.3 yrs | $47,106 |
| Newport | 1,341 | 5.2 kW | $18,200 | 8.3 yrs | $46,960 |
| North Kingstown | 1,325 | 5.2 kW | $18,200 | 8.4 yrs | $46,182 |
| Portsmouth | 1,325 | 5.2 kW | $18,200 | 8.4 yrs | $46,182 |
| East Greenwich | 1,325 | 5.2 kW | $18,200 | 8.4 yrs | $46,182 |
| North Providence | 1,324 | 5.2 kW | $18,200 | 8.4 yrs | $46,134 |
| Bristol | 1,321 | 5.2 kW | $18,200 | 8.4 yrs | $45,988 |
| Johnston | 1,317 | 5.2 kW | $18,200 | 8.4 yrs | $45,794 |
| Westerly | 1,315 | 5.2 kW | $18,200 | 8.5 yrs | $45,697 |
| Coventry | 1,313 | 5.2 kW | $18,200 | 8.5 yrs | $45,599 |
| Smithfield | 1,313 | 5.2 kW | $18,200 | 8.5 yrs | $45,599 |
| West Warwick | 1,311 | 5.2 kW | $18,200 | 8.5 yrs | $45,502 |
| Warwick | 1,309 | 5.2 kW | $18,200 | 8.5 yrs | $45,405 |
| North Smithfield | 1,304 | 5.6 kW | $19,600 | 8.5 yrs | $48,636 |
| East Providence | 1,299 | 5.6 kW | $19,600 | 8.5 yrs | $48,374 |
| Cumberland | 1,299 | 5.6 kW | $19,600 | 8.5 yrs | $48,374 |
| Cranston | 1,295 | 5.6 kW | $19,600 | 8.6 yrs | $48,165 |
| Barrington | 1,295 | 5.6 kW | $19,600 | 8.6 yrs | $48,165 |
| Warren | 1,295 | 5.6 kW | $19,600 | 8.6 yrs | $48,165 |
| Providence | 1,294 | 5.6 kW | $19,600 | 8.6 yrs | $48,113 |
| Lincoln | 1,294 | 5.6 kW | $19,600 | 8.6 yrs | $48,113 |
| Pawtucket | 1,291 | 5.6 kW | $19,600 | 8.6 yrs | $47,956 |
| Central Falls | 1,291 | 5.6 kW | $19,600 | 8.6 yrs | $47,956 |
| Valley Falls | 1,291 | 5.6 kW | $19,600 | 8.6 yrs | $47,956 |
| North Scituate | 1,291 | 5.6 kW | $19,600 | 8.6 yrs | $47,956 |
| Woonsocket | 1,285 | 5.6 kW | $19,600 | 8.6 yrs | $47,642 |