Cost of solar in New York, NY

Electricity Consumption in New York

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 New York, New York

There are Two major incentives available for residents of New York City:

  1. New York State’s Solar Equipment Tax Credit which may allow you to claim up to 25% or $5,000 of your costs as credits against your State Taxes, including the option to roll over any remainder to subsequent years.
  2. The Megawatt Block incentives which rebates which may apply to the up-front cost of a solar system.

Furthermore, New York State has a Net Metering system where the export of excess energy from your solar system will directly offset power used at other times of the day or year, allowing you to reap the entire benefits of any solar power you generate.

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

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Solar power in New York

The average cost of installing residential solar panels in New York, 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 New York, 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 7.67kW solar system in New York, NY

This system would offset 100% of your energy usage if your typical monthly bill is $318, however your situation may vary so try our New York solar calculator to get a result tailored to you.


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

2 Years 1 Month

Average payback time


Annual power production


levilized cost of solar energy


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 7.67kW system

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


(Prices shown after repayments of capital)



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



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 - Con Edison - Block 8 Utility Rebate Program
NY-Sun Megawatt Block Program - Con Edison 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.