Block Island Power Company

Block Island Power Company serves customers in Block Island, New Shoreham in Rhode Island with a residential electricity rate of $0.37 per kWh. This is 121% above the national average of $0.168/kWh, meaning solar savings are especially significant for customers looking to reduce their energy costs.

At current rates, a typical Block Island Power Company household using 900 kWh per month spends approximately $4,001 per year on electricity. An 8 kW solar system can offset most or all of that usage, saving an estimated $3,557 annually and $129,678 over the 25-year life of the system. With Rhode Island incentives of $2,800, the net system cost drops to $22,736, with a payback period of just 6.4 years.

As a municipal utility, Block Island Power Company sets its own rates and policies independently. Block Island Power Company offers net metering, allowing solar customers to receive credits for excess energy sent back to the grid. The utility offers a solar rebate of $0.65 per watt up to $5,000. Heat pump rebates of up to $1,000 are also available.

The federal residential solar tax credit (Section 25D) expired at the end of 2025. State and utility-level incentives are now the primary financial benefits for homeowners going solar. NuWatt Energy handles the entire process from system design through permits and Block Island Power Company interconnection, ensuring you receive every available rebate.