Going Solar in North Kingstown
As a local solar installation company, Newport Renewables has spent more than 15 years working with businesses and institutions throughout Rhode Island to reduce energy costs and move toward long-term sustainability goals.
Over that period, electricity prices in Rhode Island have risen significantly, reaching 21.53 ¢/kWh — roughly 30% higher than the national average.
Being locally based allows our team to guide organizations in North Kingstown through available solar programs and incentives so they can maximize savings and lower upfront costs. By switching to solar, many properties are able to dramatically reduce electricity bills or eliminate them entirely.
How Much Electricity Costs in North Kingstown
Electricity prices in North Kingstown remain high largely due to Rhode Island’s dependence on imported natural gas, and limited local energy production. These factors have caused electricity rates to consistently track above the national average, increasing the financial burden on property owners and making energy cost reduction a growing priority.
Year
RI Commercial Rate (¢/kWh)
US Commercial Rate (¢/kWh)
% Above National Avg
2021
16.64
13.33
+25%
2022
17.68
13.66
+29%
2023
21.09
16.50
+28%
2024
21.53
16.50
+30%
How Much You Could Save With Solar: A Case Study
$142K First-Year Savings. $3M Long-Term Payoff.
A 250,000-square-foot distribution warehouse was facing summer electric bills exceeding $18,000 per month—until Newport Renewables stepped in. We installed a 520 kW rooftop solar system that now offsets 69% of the facility’s total energy load. Leveraging our deep familiarity with solar programs and incentives, the $1.33 million project achieved a net cost of just $766,000 and delivered $142,000 in energy savings in its first year alone.
The result: a 5.4-year payback, a 19.3% internal rate of return, and nearly $3 million in net cash flow over 25 years.
Solar Incentives For North Kingstown
Organizations in North Kingstown have access to valuable solar programs and incentives are designed to lower upfront costs, improve return on investment, and help solar systems deliver meaningful financial savings sooner. By combining grants, tax exemptions, and performance-based programs, businesses can significantly improve economics while stabilizing long-term electricity costs.
Incentive
Description
Eliminates the 7% sales tax on all qualifying solar equipment, including panels, inverters, and racking.
Renewable Energy Fund (REF) Grants
Provides grants covering up to 30% of renewable energy installation costs for businesses, nonprofits, academic institutions, municipal/state buildings, and other large facilities.
Renewable Energy Growth (REG) Program
Allows system owners to sell excess electricity under fixed-rate 20 year contracts, generating predictable revenue.
Net Metering
Credits excess electricity at nearly full retail rate, offsetting energy usage and lowering bills.
What Solar System is Right For You?
Selecting the right solar system depends on your property layout, energy usage, and long-term financial goals. Newport Renewables installs roof mount, ground mount, and solar carports to help commercial and institutional properties in North Kingstown generate renewable energy, reduce electricity costs, and strengthen long-term energy independence.
01
Roof Mounts
Rooftop solar panels are the most common solution, providing renewable energy directly where it’s used. Designed to capture maximum sunlight, reduce electricity bills, and increase property value, installations are tailored to roof orientation and load capacity.
02
Ground Mounts
Ground-mount systems are ideal for properties with open land, offering flexible placement and scalable energy output. They accommodate larger arrays than rooftops, maximize efficiency, and allow easy maintenance and future expansion.
03
Carports
Solar carports provide dual benefits: renewable energy generation and covered parking. Perfect for commercial properties, they protect vehicles while reducing electricity costs and enhancing sustainability credentials.
Newport
Renewables
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WHO WE ARE
About Newport Renewables
Newport Renewables has been delivering reliable, high-performance solar solutions to institutions an businesses in Rhode Island since 2011. Our team designs, installs, and maintains solar systems across the state, working with commercial buildings, schools, municipal facilities, and industrial sites.
By handling every stage in-house, we ensure each project is customized to your energy needs, maximizes savings, and performs reliably for decades.
FAQ
Frequently
Asked Questons
Installing a solar system raises a lot of questions. Below are answers to some of the most common questions businesses and organizations ask when exploring the solar design, installation, and operations process.
