Cost of solar in Brooklyn, NY

Electricity Consumption in Brooklyn

Electricity Consumption by New York residents averages 603 kWh per month. It ranks #5 in the nation for savings from installing solar panels on the home.

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Solar power in Brooklyn, New York

2018 Brooklyn solar incentives

Offered by the New York Sun-PV program is a $400/kW rebate and if your income is under $84,560 in a 4+ person home this rebate doubles.

The state tax credit is for 25% of the system cost up to $5,000, already with these two incentives above the cost is dramatically reduced and even then you receive the 30% federal solar tax credit on top making well over half of the cost (in most instances) already covered.

Con Edison is mandated by law to offer one for one credit for excess energy exported to their grid in a process called net metering.

With all these incentives payback times are generally as little as 3-4 years. Make sure to get in quick as many of the rebate programs are set to step down!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in New York

The average cost of installing residential solar panels in Brooklyn, New York in 2018 is $3.72 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Brooklyn, NY is $18,600. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 4.74kW solar system in Brooklyn, NY

This system would offset 100% of your energy usage if your typical monthly bill is $184, however your situation may vary so try our solar calculator to get a result tailored to you.

$8,279

Net cost of system
Cash - after 30% solar tax credit

3 Years 6 Months

Average payback time

5,438
kWh

Annual power production


/kWh

levilized cost of solar energy

72¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 4.74kW system

Life-time savings on this system over the next 25 years

$86,363

(Prices shown after repayments of capital)

 


 

Solar companies in Brooklyn, NY that provide pricing through the Solar-Estimate marketplace

44

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in New York

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,526 $9,208
4kw $11,060 $11,945
5kw $13,440 $14,515
6kw $15,624 $16,874
7kw $17,689 $19,104
8kw $19,600 $21,168
9kw $21,357 $23,066
10kw $22,960 $24,797

 

Design your own solar panel system for your home

Going solar in New York

Check out all of the ways energy providers of New York can help you be more energy efficient and save money.

The following programs are available:
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.