Solar Panel Savings in New York, NY
Calculate how much you can save with solar panels in New York, New York. Based on 4.2 peak sun hours/day and 23.2¢/kWh average electricity rate.
4.2
Peak Sun Hours/Day
23.2¢
Avg Rate (¢/kWh)
7.9 yr
Payback Period
$29k
25-Year Savings
New York Solar Overview
Calculate Your New York Solar Savings
New York average: $138/mo
South-facing roofs produce the most energy
Add $8,000-$12,000 for whole-home battery backup
Annual Production
kWh/year
Annual Savings
per year
Net System Cost
after 30% ITC
Payback Period
break-even time
25-Year Total Savings
$58,273
Monthly Savings
$142
Federal Tax Credit
$5,742
Cumulative Savings vs System Cost
Cost Breakdown
| Item | New York | National Avg |
|---|---|---|
| Gross System Cost (6kW) | $19,140 | $17,100 |
| Federal Tax Credit (30%) | -$5,742 | -$5,130 |
| Net System Cost | $13,398 | $11,970 |
| Cost Per Watt | $3.19/W | $2.85/W |
Solar Potential in New York
Sun Hours vs National Average
New York gets 7% less sun than the national average, but high-efficiency panels compensate.
Climate Advantages
- 180 sunny days per year
- Average temperature: 44.1°F — cooler temps actually improve panel efficiency
- Average roof size: 1,851 sq ft — enough for a 102-panel system
New York Solar Incentives & Programs
Federal Investment Tax Credit (ITC)
30% of total system cost deducted from federal taxes. For a $19,140 system, that's a $5,742 credit. Valid through 2032.
New York State Incentives
New York 25% state tax credit (up to $5,000); NY-Sun incentives.
Net Metering — Con Edison
Con Edison offers net metering in New York. Earn credits for excess solar energy sent to the grid, reducing your electric bill further.
Environmental Impact in New York
3.1
Tons CO2 Offset/Year
51
Equivalent Trees Planted
0.7
Homes Worth of Energy
Based on 7,358 kWh annual production with a 6kW system. EPA average: 0.417 metric tons CO2 per MWh, 10,632 kWh per US home.
Solar Energy in New York, New York
New York, New York receives an average of 4.2 peak sun hours per day, offering adequate solar resources for homeowners looking to reduce their electricity bills. With electricity rates averaging 23.2¢ per kWh from Con Edison, well above the national average of 16¢/kWh, solar panels offer exceptional savings potential.
A typical 6kW solar system in New York produces approximately 7,358 kWh per year, saving homeowners an estimated $1,706 annually. The system pays for itself in about 7.9 years, after which you enjoy essentially free electricity for the remaining 17+ years of the system's warranty life.
New York has a solar penetration rate of 4% — indicating early-stage solar adoption with tremendous growth potential as prices continue to fall. The cost of living index of 122 (national average: 100) means higher electricity costs, which amplifies solar savings.
Other Cities in New York
Albany, NY
Buffalo, NY
Rochester, NY
Schenectady, NY
Syracuse, NY
Utica, NY
Yonkers, NY
Frequently Asked Questions
How much do solar panels cost in New York, NY?
The average cost of a 6kW solar panel system in New York is approximately $19,140 before incentives ($3.19/watt). After the 30% federal Investment Tax Credit, the net cost is about $13,398. New York 25% state tax credit (up to $5,000); NY-Sun incentives.
How many peak sun hours does New York get?
New York, NY receives an average of 4.2 peak sun hours per day and approximately 180 sunny days per year. This is near the national average, providing good conditions for residential solar panels.
What is the solar payback period in New York?
The average solar payback period in New York is approximately 7.9 years. After payback, your solar panels generate essentially free electricity for the remaining 15-20 years of their warranty. Over 25 years, total savings can reach $29,252.
Does New York have net metering?
Yes, New York has access to net metering through Con Edison. This allows you to earn credits for excess solar energy sent to the grid, significantly improving your solar investment returns.
Is solar worth it in New York, NY?
Absolutely. With a 7.9-year payback period and $29,252 in 25-year savings, solar is an excellent investment in New York. The 30% federal tax credit and above-average electricity rates help make solar financially attractive.