Solar Panel Cost Guide in North Kingstown, RI (Oct 2022)

  • North Kingstown Solar Installation Cost: $7,853
  • 25-Year Savings: $14,094
  • Payback Period: 9.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in North Kingstown

Find out what the average cost of a solar system is in North Kingstown.

The average cost of a solar system in North Kingstown is $3 per watt. The average solar panel system size in North Kingstown is around 4.0 kilowatts, meaning a cost of about $7,853 for a solar installation, or $5,811 after the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of North Kingstown homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find installing solar panels is a sound investment. The average homeowner in North Kingstown can save around $21,000 on their power bills over 20 years.

For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in North Kingstown

Year Return on Investment
1 years $-6,975
3 years $-5,219
5 years $-3,463
7 years $-1,708
9 years $48
11 years $1,804
13 years $3,560
15 years $5,315
17 years $7,071
19 years $8,827
21 years $10,583
23 years $12,338
25 years $14,094

Top Solar Installers in North Kingstown

Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.

If you're looking for a solar company in North Kingstown, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in North Kingstown

Factors that Affect Solar Panel Costs in North Kingstown

There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment Size

When it comes to estimating the cost of solar panels in North Kingstown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,840 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the North Kingstown average.

Solar Financing Terms

Many homeowners find the average cost of solar in North Kingstown to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time due to interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in North Kingstown, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.95 $12,405 $20,906 9.3 years
8 kW $2.90 $16,222 $28,193 9.1 years
10 kW $2.84 $19,880 $35,639 9.0 years
12 kW $2.78 $23,379 $43,244 8.8 years
14 kW $2.73 $26,719 $51,008 8.6 years
16 kW $2.67 $29,900 $58,931 8.4 years
18 kW $2.61 $32,921 $67,013 8.2 years
20 kW $2.56 $35,784 $75,254 8.1 years

Solar Incentives in North Kingstown

Name Rhode Island C-PACE program
Incentive Amount
Website Visit here
More Info Click here

Name Renewable Energy Products Sales and Use Tax Exemption
Incentive Amount 100% exemption
Website Visit here
More Info Click here

Name Property Tax Exemption for Renewable Energy Equipment
Website Visit here
More Info Click here

Name Local Option - Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Small Scale Solar Grants (Commerce RI)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar panel company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
  • Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
  • Contract: Look through the contract terms thoroughly to make sure you understand the total cost, completion timeline rebates and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's North Kingstown, RI Solar Cost FAQs

What is the average cost of installing solar panels in North Kingstown?

The average cost of solar panels in North Kingstown is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in North Kingstown?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Can you sell solar power back to the grid in North Kingstown?

The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert’s opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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