Active: REG Program 2024-2027 Tariff Window
New opportunity to turn idle space into recurring revenue
Some of your sites qualify for Rhode Island's Energy's Renewable Growth Program (REG). A fixed state-backed incentive for solar generation creates a no-capital, 20-year lease income opportunity.
No upfront capital
Developer finances, builds, and owns the system. You provide the site.
Third-party ownership
REG explicitly allows the applicant and site host to be different parties.
20-year fixed incentive
State-backed, utility-administered rate locked for the full contract term.
Front-of-meter structure
No impact to building load, utility bills, or existing procurement contracts.
Fixed performance incentives, state-backed
All rates are ceiling prices for the 2025 program year. Projects enrolled during the active window lock in their rate for the full 20-year term.
*Lease potential reflects the maximum estimated lease rate under the program. Actual lease value may vary based on roof condition, structural suitability, system size, interconnection feasibility, and other site-specific factors.
Commercial Solar II
500 kW - 1 MW
$0.31/sqft
Or $31,000/100K sq/ft
Term: 20 Years
2026 Target: 9.5 MW
Large Solar I
1 MW - 5 MW
$0.24/sqft
Or $24,000/100K sq/ft
Term: 20 Years
2026 Target: 20 MW
Large Solar II
5 MW - 10 MW
$0.24/sqft
Or $24,000/100K sq/ft
Term: 20 Years
2026 Target: 20 MW
Large Solar III
10 MW - 15 MW
$0.24/sqft
Or $24,000/100K sq/ft
Term: 20 Years
2026 Target: 20 MW
A live window with real constraints
The 2024–2027 tariff is active today. But program capacity fills on a first-come basis and the 12–18 month development timeline means now is the time to act.
Projects enrolled now lock in ceiling pricing for 20 years. Waiting risks losing access to the current rate.
Annual enrollment targets are finite. When a tranche fills, pricing may reset or close entirely.
Permitting, interconnection, and construction take time. Starting the assessment today keeps projects within the window.
20 Years
Fixed incentive contract term
$0.2355
Max program year allocation per $/kWh (Commercial Solar II)
64.5 MW
Total 2026 enrollment targets across all classes
Find out if your properties are sitting on untapped lease income.
We screen your sites against live utility and grid data, identify the best candidates, and run a competitive process to get you the strongest offer — no site visits, no guesswork.
Simple structure, no operational burden
The REG program explicitly allows the applicant and site host to be separate entities — enabling a fully third-party owned, host-site model.
Site assessment & qualification
We assess your portfolio to identify sites that qualify for the REG program and across your portfolio for other programs. Then we create a shortlist of the top economically viable sites.
Developer & project matching
A solar developer finances, designs, permits and builds the system on your roof/land. You provide the site, not the capital.
Lease agreement executed
You sign a long-term lease with the developer for use on the site. Lease payments begin at or near commercial operation, typically 12-18 months of project initiation.
REG incentive monetized
The project owner enrolls in the REG program and receives a fixed $/kWh incentive for every kilowatt-hour generated over the 20-year contract term.
Passive income for 20 years
The developer owns, operates, and maintains the system and you collect lease payments with no operational responsibility.
Trusted by the nation's leading commercial real estate owners & tenants.
Request a free portfolio assessment
Some of your Rhode Island properties may already qualify for the REG program. We'll map your entire portfolio against eligibility criteria and estimate potential lease revenue by site — at no cost, no commitment.
What to expect:
- A site-by-site breakdown of qualifying buildings
- Estimated annual lease revenue range for your portfolio
- Clear next steps if you want to move forward
No upfront investment required. No operational changes to your properties. Just a clear picture of what your portfolio could generate over the next 20 years.