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Financing
Solar Financing Made Easy
We understand that investing in solar is a significant decision for homeowners, and to ease the financial aspect, we offer flexible financing solutions. By collaborating with more than one financial partner, we empower you with a variety of options tailored to your specific needs. Whether it’s low-interest rates, flexible repayment terms, or special financing programs, our partnerships ensure that each homeowner can find a financing plan that aligns with their budget and preferences. We’re dedicated to making high-quality solar and battery storage accessible to all of Rhode Island.
Local, Solar Friendly Solutions
We’re proud to partner with several financing companies, including a local New England Bank to bring low, fixed-interest financing options to our customers. Whether you need to finance your entire project or just a portion of it, we’re happy to help guide you through the financing process. Pre-approval is fast and easy!
Three Ways to Finance Your Solar System
At Newport Solar, we offer three flexible ways to make solar possible. Whether you want to purchase your system outright, spread payments over time with a loan, or choose a power purchase agreement (PPA), there’s an option to match your goals and budget.
LightReach owns the system and Newport Solar maintains it over the warranty period
Homeowner owns the system and Newport Solar maintains it over the warranty period
Homeowner owns the system and Newport Solar maintains it over the warranty period
Monthly payment for electricity consumed
Upfront payment and monthly payments to loan provider
Upfront payment to Newport Solar
-
No upfront costs
-
Fixed electricity rate
-
Performance guarantee
-
Insurance & maintenance included
-
Lower upfront cost than purchase
-
Fixed monthly payments
-
Immediate savings
-
Maximum lifetime savings
-
Eligible for state incentives
-
No monthly payments after purchase
Newport Solar installs the system on your home through our partnership with LightReach. You purchase the electricity it generates at a fixed, predictable rate
Finance your solar system through a loan, making monthly payments while still receiving incentives
Pay for your solar system directly and own it from day one
Ownership
Payments
Benefits
How It Works
PPA (Power Purchase Agreement)
Loan
Purchase
Popular
LightReach owns the system and Newport Solar maintains it over the warranty period
Homeowner owns the system and Newport Solar maintains it over the warranty period
Homeowner owns the system and Newport Solar maintains it over the warranty period
Monthly payment for electricity consumed
Upfront payment and monthly payments to loan provider
Upfront payment to Newport Solar
-
No upfront costs
-
Fixed electricity rate
-
Performance guarantee
-
Insurance & maintenance included
-
Lower upfront cost than purchase
-
Fixed monthly payments
-
Immediate savings
-
Maximum lifetime savings
-
Eligible for state incentives
-
No monthly payments after purchase
Newport Solar installs the system on your home through our partnership with LightReach. You purchase the electricity it generates at a fixed, predictable rate
Finance your solar system through a loan, making monthly payments while still receiving incentives
Pay for your solar system directly and own it from day one
Ownership
Payments
Benefits
How It Works
PPA (Power Purchase Agreement)
Loan
Purchase
Popular
Three Ways to Finance Your Solar System
At Newport Solar, we offer three flexible ways to make solar possible. Whether you want to purchase your system outright, spread payments over time with a loan, or choose a power purchase agreement (PPA), there’s an option to match your goals and budget.
About LightReach
While many PPAs are offered by large national companies, Newport Solar carefully evaluated providers with the help of the Amicus Solar Cooperative and chose LightReach. They are a nationally recognized residential PPA provider with a proven record of financing and managing thousands of solar systems across the U.S.
This partnership allows Newport Solar to provide Rhode Island homeowners with a competitive, reliable PPA option backed by industry-leading expertise.
By partnering with LightReach, our customers benefit from:
Performance Guarantee
If the system underperforms, LightReach credits the difference.
Insurance & Repairs
They fully insure and maintain the system at no cost to you.
25-Year Contract
Stability and long-term savings, with transfer options if you sell your home.
Start Your Solar Journey Today
Ready to take the next step? Our team is here to answer your questions, guide you through the process, and design a solar solution that’s right for your home or business. Let’s build a brighter future together.
300 Old Baptist Rd., Unit 2, North Kingstown, RI 02852
(401) 295-4500
