Renewable Energy Grants Now a Reality for Rhode Island Homeowners - Real Goods Solar Seeks RI Homeowners Interested in Solar for State Grant Program

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For the first time, Rhode Island will accept residential applications for Renewable Energy Funds. Real Goods Solar is looking for Ocean State homeowners interested in taking advantage of the state program and pursuing the grant.

Solar on House in Providence Rhode Island

A Solarized Home in Providence, Rhode Island

We have been providing solar solutions to Ocean State homeowners for more than three decades, and each time the Renewable Energy Fund announces a program, we hear from dozens of homeowners eager to go solar as soon as possible.

The sun is shining a little brighter in 2013 for Rhode Island homeowners interested in going solar. When Governor Lincoln Chafee and the Rhode Island Economic Development Council (RIEDC) approved new measures to oversee the state’s Renewable Energy Fund, it included some good news for homeowners - for the first time, residential applications for grouped projects will be accepted. Real Goods Solar is looking for Ocean State homeowners interested in taking advantage of the state program and pursuing the grant.

New legislation passed in June 2012 expanded the eligibility for the Renewable Energy Fund (REF) to include residential installations in addition to commercial and affordable housing projects. With an anticipated $4.25 million in REF funding for 2013, including $1.5 million for small-scale solar and $1 million for project installation, this could accommodate hundreds of homeowners.

The grant, combined with the Federal Income Tax Credit, could reduce the cost of most residential solar purchases by half, and increase a homeowner’s return on investment significantly - making clean, green solar power an affordable option for Rhode Islanders.

“This is the broadest and most inclusive incentive program Rhode Island has offered in many years,” says Ben Swanson, Rhode Island Solar Power Consultant for Real Goods Solar, “and the economics have never been better for homeowners. Real Goods Solar has enabled Rhode Islanders to successfully receive incentive funds under every previous state program, and as a result we have dozens of happy customers living solar from Lincoln to Little Compton.”

In order to be eligible for the grant, applications must be grouped and include more than 3 but fewer than 20 projects. Energy audits must be scheduled or completed before applications can be submitted, and projects must be installed within 12 months from RIEDC contract signing. Because of the requirement that solar installations be grouped into a single grant application, established installers like Real Goods Solar are uniquely positioned to help homeowners take advantage of the funding.

According to Jim Oliva, New England Sales Manager for Real Goods Solar, with pent up demand for solar in Rhode Island, the funding is not expected to last long. “We have been providing solar solutions to Ocean State homeowners for more than three decades, and each time the Renewable Energy Fund announces a program, we hear from dozens of homeowners eager to go solar as soon as possible,” explains Jim.

About Real Goods Solar
Real Goods Solar, Inc. (NASDAQ: RSOL) is the nation’s pioneer in delivering commercial, residential and utility turn-key solar energy solutions. Beginning with the very first photovoltaic panel sold to the public in the U.S. in 1978, the company has installed more than 13,000 solar power systems representing 75 megawatts of clean energy. As one of the nation’s largest and most experienced solar power installers, the company has 15 offices across the West and the Northeast. Real Goods Solar makes it easy for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. For more information about Real Goods Solar, go to RealGoodsSolar.com or call 888.507.2561.

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Amy Bowman
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