How much do solar panels cost in 02801?

A standard 6kW residential solar system in 02801 (Providence, RI) costs approximately $18,600 before incentives. After the 30% federal Investment Tax Credit, the net cost is $13,020.

How much will I save with solar panels in 02801?

Homeowners in 02801 can expect to save approximately $1,934 per year on electricity bills with a 6kW solar system, for a total of around $48,350 over 25 years.

How long is the payback period for solar in 02801?

The estimated payback period for a 6kW solar installation in 02801 is 6.7 years after the federal tax credit. This is based on 4.13 kWh/m²/day average solar irradiance and local electricity rates of $0.267/kWh.

Solar Panel Cost in 02801

Last updated April 14, 2026 · Source: NREL and SEIA

Providence, Rhode Island · Excellent ROI

Payback 6.7 years

6kW System Cost Breakdown

Gross Installation Cost $18,600 $3.1/W installed

Federal Tax Credit (30%) −$5,580 ITC through 2032

Net Cost After Credit $13,020 Your out-of-pocket cost

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Savings & ROI for 02801

Annual Electricity Savings $1,934 At $0.267/kWh local rate

Annual Solar Production 7,243 kWh 4.13 kWh/m²/day irradiance

Break-Even Point 6.7 years Excellent ROI

25-Year Net Savings +$35,330 After total system cost

Solar Loan Calculator

Financing a 6kW solar system in Providence? Estimate your monthly payment and total interest below.

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Assumes fixed-rate loan. Actual rates vary by lender and credit score. Solar-specific loans from Mosaic, GoodLeap, or Sunlight often offer lower rates than personal loans.

Solar Resource in Providence

Providence (02801) receives an average of 4.13 kWh/m²/day of solar irradiance, based on latitude 41.826°N and Rhode Island regional weather patterns from NREL data. At the local electricity rate of $0.267/kWh, a 6kW system generates roughly $1,934 per year in bill savings.

Solar irradiance vs. US average (4.5 kWh/m²/day)

07.5 kWh/m²/day

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Nearby Zip Codes in Providence

02903 Providence, RI 6.7 yr payback $1,934/yr savings 02905 Providence, RI 6.7 yr payback $1,934/yr savings 02906 Providence, RI 6.7 yr payback $1,934/yr savings 02908 Providence, RI 6.7 yr payback $1,934/yr savings

How We Calculate Solar Costs for 02801

Costs are based on the average price per watt for Rhode Island ($3.1/W), applied to a standard 6kW residential system. Solar irradiance is derived from NREL PVWatts data for latitude 41.826°N, adjusted for local weather patterns. Electricity rate uses the Rhode Island EIA average of $0.267/kWh.

The 30% federal Investment Tax Credit (ITC) applies as a credit against your federal income tax liability. Many states offer additional credits; check your state's energy office for local incentives.