Net Billing (80% retail)

Net Metering in Rhode Island

Current NEM policy, export rates, and impact on solar payback for Rhode Island homeowners.

NEM Export Rate

$0.236

per kWh

Avg Retail Rate

$0.295

per kWh

% of Retail

80%

compensation

Policy Status

Active

since 2023-04

System Limit

Up to 5 MW

max eligible

NEM Policy Details — Rhode Island

How Rhode Island compensates your excess solar generation

Net Billing (80% retail)Active

New RI solar systems interconnected after April 15, 2023 receive an 80% retail export credit (~$0.2357/kWh) under RI Energy's net-billing tariff, rather than 1:1 full retail net metering. Systems interconnected on or before April 15, 2023 remain grandfathered at full retail terms. The Renewable Energy Growth (REG) program remains available as an alternative. Annual true-up.

NEM Rate$0.236/kWh
Retail Rate$0.295/kWh
Savings Gap-5.9c/kWh
Annual True-UpYes

Source: Rhode Island PUC, DSIRE · Effective: 2023-04

Calculate Your NEM Savings in Rhode Island

$

NEM Rate Comparison

$0.00Rhode Island: $0.236$0.295 (retail)

Rhode Island's NEM rate is 80% of the retail electricity rate — partial retail compensation.

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Written & reviewed by

Jeremy Wolfe — Senior Solar Energy Analyst

Jeremy Wolfe is a solar energy analyst specializing in residential photovoltaic economics, federal and state incentive policy, and return-on-investment modeling for homeowners. He leads EnergyTools' solar research program and methodology.

  • 10+ years analyzing residential solar economics and payback modeling
  • Lead researcher for EnergyTools' 50-state solar cost-per-watt database
  • Author of 100+ solar ROI, payback, and incentive analyses

Methodology & data sources:NREL PVWatts, EPA FuelEconomy.gov, state utility commissions— updated 2026.