Solar Energy Financing Cranston RI

Local resource for solar energy financing in Cranston, RI. Includes detailed information on solar power, energy efficiency projects, and solar energy financing as well as advice and content on utility-supplied power and solar energy system.

Island Solar
(401) 359-1087
Walcott ave
Jamestown, RI
Services
Installation and Service of Solar Systems

Island Solar
(401) 359-1087
Walcott ave
Jamestown, RI
Services
Installation and Service of Solar Systems

Snake Hill Energy Resources Inc
(401) 934-1433
17 Cady Ln
Chepachet, RI
 
Chevron Energy
(401) 737-1535
2348 Post Rd
Warwick, RI
 
Low Income Home Energy Assitance
(401) 273-0882
518 Hartford Ave
Providence, RI
 
Newport Solar
(401) 787-5682
14 vernon ave.
Newport, RI
 
E-Smart Systems
(401) 921-0535
2332 Post Rd
Warwick, RI
 
Pace Global Energy
(401) 246-2841
16B Bay Spring Ave
Barrington, RI
 
American Development Institute
(401) 284-4244
260 Bonnet Point Rd
Narragansett, RI
 
Providence Community Action
(401) 273-0882
518 Hartford Ave
Providence, RI
 

Solar Financing, Subsidies and Incentives

Countries around the world offer incentives and tax breaks for investment in solar and renewable energies. This makes sense for a number of reasons.

It's a little-known fact that governments subsidize the petroleum industry. In the U.S., for example (according to sources), between 5 and 10 billion dollars a year of taxpayers' money goes to the petroleum industry. Less than 500 million a year goes to renewables.

Around the world, fossil fuels are more expensive. Governments recognize the finitude of oil reserves and their damage to the environment. They encourage consumers to switch to renewable energies that tap into free sources and do far less harm to the environment.

For example, in 1994, the government of Japan introduced incentives for solar energy. This program has resulted in a 72 percent reduction in the average cost of solar energy systems, due to the expanded market availability and increased efficiency of distribution. Solar energy is now competitive in Japan, and the need for incentives is being reduced.

Germany is following in the footsteps of Japan, using incentives to encourage the use and popularity of solar, and it hopes to rely solely on renewable energy sometime in the next 15 to 20 years.

Be Sure to Apply
Before You Buy.

For Canadian residents, the Canadian Solar Energy Industry Association provides a list of government incentives .

In the USA

American incentive programs are increasing. California's Million Solar Roofs initiative is the latest (as of 2005) of a number of solar energy tax breaks being legislated in the US.

You can read about state and local incentives on the DSIRE database.

Here is a list of Federal initiatives from the database (taken from dsireusa.org):
Corporate Depreciation: Modified Accelerated Cost-Recovery System (MACRS)
Corporate Exemption: Residential Energy Conservation Subsidy Exclusion (Corporate)
Corporate Tax Credit: Renewable Electricity Production...

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