Although we specialize in commercial solar, we also build high quality & efficient residential systems. As a homeowner, you may be concerned about the rising cost of electricity. US SolarWorks can help by installing efficient solar systems to help you decrease your energy dependence from the grid. US SolarWorks has experience in designing and installing residential solar systems and experience helping homeowners apply for financial incentives. By installing a solar system for your home, you are not only producing your own energy, but also helping the environment.
The Cost Effective Solution
If you are looking for ways to decrease your carbon footprint or save money on your electric bill, going solar is a great option. This cost-effective solution will decrease your energy consumption and also will help you stay environmentally conscious. US SolarWorks will work with you to determine how much energy you consume per year to properly size your system as well as educate you on rebates you qualify for to make your system even more cost-effective.
To get started, contact US SolarWorks today to take the next steps to go solar:
- Gather your electric bills- this is how we determine your annual energy consumption to size your system
- Evaluate your site- we check for shading issues to design the layout of your system
- Set up a site visit- this is where we meet you in person to discuss your needs and go over the solar system, proposal and any questions or concerns you may have for us
There are two financing options when you choose to go solar: purchase outright or obtain a bank loan. US SolarWorks will work with you to determine the best option for your budget.
This is the easiest way to complete your purchase and ensures you can quickly enjoy saving money on electric bills and owning your own energy system as soon as it is installed.
Buying a solar system is a financial investment, and many of our customers choose to take out a bank loan to pay for their system. US SolarWorks’ goal is to ensure our customers have a loan structured to offer immediate savings on day one. We will work with you to recommend a bank or work with your bank in securing financing.
Federal Tax Credit (ITC)
The 2022 Inflation Reduction Act extended the federal ITC tax credits for solar through 2032. Previously scheduled to decline in 2023 and 2024, the ITC has been extended at 30% of full-price expenditures for solar projects.
In addition, the Inflation Reduction Act includes a 10% adder for solar projects using US manufactured equipment. This brings the total tax credit for projects using US made equipment to 40% of the total project cost.
Renewable Energy Certificates (RECs or SRECs)
When you install a solar system in Rhode Island or Massachusetts, you can participate in the Renewable Energy Certificate (REC) credits based on the amount of energy your system produces. RECs are clean energy credits that are equivalent to one megawatt hour of energy generated by renewables. Solar production is monitored and automatically reported to the REC Broker which consolidates this production into megawatt hour packages to be sold. The cash value of the RECs is mailed to you quarterly.
Net metering allows you to earn credits for surplus power generation. Your meter will compare the electricity you generate to the amount you consume. Any excess electricity will flow out into the grid, and credit your utility account. You are only billed for the “net” amount of energy used.
This incentive helps balance the naturally occurring highs and lows of solar production with your energy use. Net metering means your extra solar output during daylight hours can help pay for the energy you use at night.
Rhode Island State Rebate Program
Rhode Island’s Renewable Energy Fund (REF) offers an attractive cash rebate based on the size of the system. Commerce RI pays $0.85 per watt, up to a maximum of $7,000 per project.
US SolarWorks makes this process easy by handling all of the rebate paperwork for you. If you choose to take advantage of the REF state rebate, you are also eligible for net metering, but not the feed-in tariff.
Rhode Island Feed-In Tariff
Through the Renewable Energy Growth Program (REG) option, National Grid provides a 15-year contract for purchasing all your solar electricity output at a premium price. If you choose to utilize the REG Program, you are not eligible for net metering or the state rebate program.