Renewable Energy Growth
National Grid’s Renewable Energy Growth (REG) program is one of Rhode Island’s best solar incentive programs. Residential customers who participate in the REG program will receive 28.75 cents for each kilowatt-hour (kWh) their solar panel system generates for the first 15 years of their systems life. The value of this offer is highlighted when compared to the regular retail rate of around 19 cents per kWh.
Customers taking advantage of the REG incentive will receive payments from National Grid primarily via bill credits, and any remaining earnings as cash payments. As this is a feed-in-tariff program, system owners who participate do not have net metering.