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With nearly the highest electricity prices nationwide and some of the best sun exposure in New York state, solar power has become an extremely popular option for homeowners in Long Island.
So how much does it really cost to transition to solar power in Long Island? To provide you a clear answer to that question, we have created the Home Solar Cost Index. The data it presents will give homeowners in the process of researching and considering solar power clear data about actual prices that homeowners are paying for installation in Long Island. For further comparison, we’ve also compiled the costs of going solar for all of New York state.
The average price paid by homeowners for solar installations in Long Island in the first half of 2016, after rebates and incentives are factored in.
The price that homeowners would have paid during the first half of 2016 for solar installations in Long Island without rebates and incentives.
Due to rebates and incentives on solar in Long Island, homeowners saved an average of 43% on their system cost in the first half of 2016.
When homeowners are educated, they’re able to make the best decision possible when it comes to solar power. With this goal in mind, we’ve pulled together data on actual homeowner solar costs in Long Island.
The graph below shows how much homeowners are paying for solar in Long Island per kW (kilowatt) installed. Here we show the prices before and after incentives and rebates have been applied to the original cost of the solar installation.
Over the past few years, homeowners in Long Island have been installing larger and more powerful solar systems. In 2008, the average size of an installation was smaller than 5.0 kW. Now, installs are averaging 10.0 kW, reflecting the lower prices of solar and higher power costs of today.
Dropping solar prices have encouraged Island homeowners to purchase larger solar systems. In 2016, the average home solar system in Long Island installed is roughly 9.59 KWs.
The average price paid by Long Island homeowners per KW for their solar installations AFTER rebates and incentives have been included during the first half of 2016.
The average price paid by Long Island homeowners per KW in the first half of 2016 before rebates and incentives have been deducted from the original cost of their solar installation.