Cost of solar in Poughkeepsie, NY

Electricity Consumption in Poughkeepsie

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 Poughkeepsie, New York

Central Hudson Gas & Electric offers its solar customers a rebate and net metering for its solar customers. The rebate is set at $350 per kW for residential and $300- $400 for commercial. If your income qualifies under New York's affordable solar program this utility rebate doubles to $700 per kW. New york state also covers 25% of the system cost up to $5,000 as a deduction to state taxes. After deduction of the state tax credit and the utility rebate you may also claim the 30% federal solar tax credit. Both tax credits may be extended over many years, there is no size limit to the federal but the state tax credit is for systems under 25kW.

Central Hudson Gas & Electric's net metering program credits unused solar generation at 1 for 1 with the retail rate. Net metering works excellent since most homeowners are away from the house during the day and not using energy, all that unused power is credited. After covering for power drawn from the grid like at night or on a cloudy day credit can be deposited directly into your account or carried forward to be used on future bills. Utilities really despise net metering and are doing everything they can to end it, many legislatures are also trying to remove rebates and tax credits for being too generous. There's no good from waiting to go solar!

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

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Solar power in New York

The average cost of installing residential solar panels in Poughkeepsie, 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 Poughkeepsie, 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 8kW solar system in Poughkeepsie, NY

This system would offset 100% of your energy usage if your typical monthly bill is $215, however your situation may vary so try our Poughkeepsie solar calculator to get a result tailored to you.

$10,153

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

3 Years 8 Months

Average payback time

9,699
kWh

Annual power production


/kWh

levilized cost of solar energy

47¢
/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 8kW system

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

$100,226

(Prices shown after repayments of capital)

 


 

Solar companies in Poughkeepsie, 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 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.