Cost of solar in Staten Island, NY

Electricity Consumption in Staten Island

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 Staten Island, New York

Staten Island being in Con Ed territory means that residents and business owners here receive net metering and a $400 per kW rebate and if your income is less than $85,500 per year in a 4 person home that rebate doubles! Net metering is the real winner since it requires utilities to credit you at their retail power rate for solar generation not used in the home. Net metering with crazy New York power prices can rack in some serious dough. The state also runs a tax credit program covering 25% of the system cost up to $5000 and this is coupled with the 30% federal solar tax credit. Rebates and tax credits will usually cover 50%-70% of the investment. Be sure to act quick because many of these programs have a funding cap and you'd hate to miss out!

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 Staten Island, 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 Staten Island, 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 4.77kW solar system in Staten Island, NY

This system would offset 100% of your energy usage if your typical monthly bill is $185, however your situation may vary so try our solar calculator to get a result tailored to you.

$8,331

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

3 Years 6 Months

Average payback time

5,467
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 4.77kW system

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

$86,812

(Prices shown after repayments of capital)

 


 

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

37

 


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

 

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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.