Cost of solar in Buffalo, NY

Electricity Consumption in Buffalo

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 Buffalo, New York

National grid has a net metering program making solar a better investment than ever. Net metering requires your utility to only bill you when your solar system outputs less to their grid than what your home pulls from the grid and surplus energy is credited at the National grids retail rate. Since most homeowners are out of the house during the day when solar is producing the most this exported energy will make you a lot of money.

Buffalo residents and business owners are eligible for the New York state tax credit of 25% up to $5,000, which is is the best state tax credit currently available in the country! There is also the 30% tax credit that is applied after the state level one so, already about 50% of all costs on a standard solar system are covered. If you live just a little out of the city in NYSE&G there is also a $400 per kW rebate that doubles if eligible for New York's affordable solar program. Many lawmakers consider these incentives way too generous and are fighting them hard, it's best not to wait around!

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

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Solar power in New York

The average cost of installing residential solar panels in Buffalo, New York in 2020 is $2.78 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Buffalo, NY is $13,900. (before claiming 26% tax credit and other rebates)

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

Facts about installing a 7.99kW solar system in Buffalo, NY

This system would offset 100% of your energy usage if your typical monthly bill is $139, however your situation may vary so try our Buffalo solar calculator to get a result tailored to you.

$10,135

Net cost of system
Cash - after 26% solar tax credit

5 Years 5 Months

Average payback time

9,164
kWh

Annual power production


/kWh

levilized cost of solar energy

32¢
/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 7.99kW system

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

$59,599

(Prices shown after repayments of capital)

 


 

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

39

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in New York

System Size Cash purchase
After 26% solar tax credit
Financed purchase
After 26% solar tax credit
3kw $6,460 $6,977
4kw $8,495 $9,175
5kw $10,434 $11,269
6kw $12,343 $13,331
7kw $14,141 $15,273
8kw $15,925 $17,199
9kw $17,582 $18,989
10kw $19,240 $20,779

 

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:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Residential Solar State Tax Credit State Personal Tax Credit
Property Tax Exemption State Property Tax Incentive
Solar Sales Tax Exemption State Sales Tax Incentive
Value of Distributed Energy Resources - Phase One Net Metering State Net Metering
NY-Sun Smart Energy Loan State Loan Program
NY-Sun Megawatt Block Program - Upstate Region - Block 8 Utility Rebate Program

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