Monthly Net Metering credit
Production and consumption are credited almost 1:1 with the exception of the renewable energy and energy efficiency charges (~2.2 cents per kWh).
Annual Credit True-up
Excess NEM credits roll over from month to month indefinitely. A check will not be paid out for excess credits.
Available Solar incentive
State Tax Credit
Property tax exemption
- 100% of increased property value
Sales Tax Exemption
- 100% of system sales tax
Federal ITC
Utility bill examples:
Page 1
Page 2
MAX system size (kw dc)
36.25 kW DC
MAX offset
100%
System Size Jusification
Based on the Rhode Island Energy Net Metering Provision 2207, residential systems cannot exceed 100% offset of the homeowners average consumption over the past 36 months up to a total maximum system size of 25 kW AC. Palmetto arrives at a maximum allowable kW DC value based off of our AC-DC conversion factor.
Note: To obtain interconnection approval, projects are not permitted to exceed 100% offset. Once installed, a customer can receive net metering credits from the utility up to 125% of the customer's historic usage. If the system produces beyond 125% of historic usage, the utility will begin charging the customer at the net metering credit rate for these excess kWhs.
buyback type
1:1 Net Metering