Rhode Island Energy Electricity Rate: $0.29/kWh
Rhode Island Energy currently charges $0.29 per kilowatt-hour for residential electricity in Rhode Island. That's 73% above the national average of $0.17/kWh, costing the typical household about $3,132 per year.
Current Rate
$0.29/kWh
Annual Cost
$3,132
vs National
+73%
Solar Savings
$102k
What This Means for Your Electric Bill
At $0.29/kWh, a typical Rhode Island household using 900 kWh per month pays approximately $261/month or $3,132/year for electricity alone.
High Rate Alert
Rhode Island Energy's rate of $0.29/kWh is significantly above the national average. Homeowners in this service area see some of the strongest returns from solar installation.
With solar, an 8kW system producing approximately 9,600 kWh annually could offset $2,784/year in electricity costs. Over 25 years with 3% annual rate increases, total savings reach an estimated $101,503.
Solar Savings Calculator for Rhode Island Energy
See how much solar could save you at Rhode Island Energy's current rate of $0.29/kWh.
$2,400
10.3 yr
$87,502
100%
Based on Rhode Island Energy rate of $0.29/kWh, 1,200 kWh/kW annual production, $3.10/W system cost ($24,800 total), no federal tax credit (Section 25D expired Dec 2025), 3% annual rate escalation, 0.4% panel degradation. Cash purchase assumed.
Heat Pump Operating Cost on Rhode Island Energy
At $0.29/kWh, here is what a cold-climate heat pump costs to run annually in RI compared to natural gas.
$2,059/yr
~7,100 kWh/year
$2,150/yr
RI average household
$91/yr
4% less than natural gas
Heat pump estimate assumes COP 3.0 cold-climate unit, typical RI heating/cooling load.Natural Gas cost based on EIA state-average residential prices. Actual costs vary by home size, insulation, and climate zone.
Tired of Paying $0.29/kWh?
Rhode Island Energy customers can lock in solar savings today. Get a personalized estimate based on your actual roof and usage.
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