Reduce electricity costs and avoid volatility
A solar project is an investment with a rapid payback, attractive ROI, and predictable cash flow stream. Producing electricity on-site will decrease overhead and reduce the impact of utility cost volatility. Investing in solar power is a hedge against rising electricity prices, which increase annually from 3-5%.
Converting your business or facility to solar is the right thing to do for the environment and community, showing your customers, employees, and neighbors that you are a sustainable organization. Be a leader in your industry by setting an example as an environmentally sustainable business.
Federal and state Incentives
There are are a variety of attractive federal and state incentives for facilities that install solar. Upfront costs can be significantly reduced through state grant programs and federal tax credit and depreciation.
Support the US economy
Generating power at your facility reduces your operating costs and reduces the nation’s need for foreign energy. Money saved on electricity can be used more effectively to foster growth and create jobs.
When you purchase a solar array, you are buying equipment that will generate electricity at a fraction of the cost of what the utility company charges, using an unlimited source of fuel. Systems can be utilized to offset onsite consumption, or to generate new revenue streams.
Solar is a great “FiT”
Rhode Island has one of the best feed-in-tariff or “FiT” incentive programs in the nation called the Renewable Energy Growth Program. Solar projects that participate in the FiT program sell all generated electricity to National Grid at a fixed dollar per kilo-watt-hour rate for a 20 year term. A feed-in-tariff solar project with NPTRE turns your roof or land into a predictable source of revenue and tax benefits.
Belcourt of Newport
The solar array is expected to generate 20,300 kilowatt-hours of electricity annually, providing a percentage of the mansion’s annual electricity consumption.
Newport Renewables has a track record of success in delivering solar power, energy savings, and environmental benefits to schools, businesses, and government agencies. Using high quality components and labor to maximize long term return on investment for our clients.
One Stop solar power
Newport Renewables holds all licensure required to self-perform your solar project. We develop, build, and operate each project using our in-house team of electricians and renewable energy professionals, allowing us complete control over cost and schedule. We can Engineer Procure and Construct (EPC) or provide only the service required.
We are local
Located in Providence, Rhode Island, we have a depth of experience with municipal, state codes and requirements.
Expect the best
We design our systems around industry leading components, with the best warranties in the industry. A solar array’s financial return is dependent on its performance and longevity, so we design to perform and last. Each project is custom designed to the facility that it is being installed on using tier one solar modules, racking and inverters.
We are known for our excellent communication and outstanding performance, just ask our clients. We strive to build a strong bond with our customers, partnering with them for the future. Our work is not done when we leave the job site, we continually monitor our projects and are a resource to our customers. We have been honored to work for a wide variety of incredible organizations around the state, such as public and private schools, businesses, state government and federal government facilities.