The Cost of Solar
New York
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How Much do Solar Panels Cost in New York State?
Many people are surprised to learn that New York state is actually one of the best states in the US to go solar. High electric prices, great incentives, and net metering are three of the main reasons for the Empire State being a great place to switch to solar!
$15,175
Average Cost of Home Solar Installation in NY State in 2015
The average of prices paid by homeowners for PURCHASED, not leased, solar systems after rebates and incentives are factored in the first half of 2015 in NY state.
-21%
Drop in Price Paid After Incentives and Rebates Since 2008 Per kWH Installed
The drop in the average price of 1 kW of installed solar since 2008 in New York state after rebates and incentives are factored in.
28%
Increase in Average Size of Home Solar Installations in NY State Since 2008
The increase in the average size of home solar installations in NY ?since 2008.
Why Are Homeowners Choosing to go Solar in New York?
- NY has some of the highest power costs in the US
- There are strong state tax incentives for going solar
- You can sell excess solar power you produce to the grid
Purchases Solar Cost per KW across NY State
Solar Panel Cost Across Different Areas in New York State
We’ve crunched the data in New York state in our Home Solar Panel Cost Index, and determined how much homeowners are actually paying for solar in each part of the state when purchasing their panels (not leasing) with cash or a loan.
Interested in seeing how much solar panels cost in your area of New York state? We include a summary of the per KW (kilowatt) installed cost to the left – which should help give you an idea of how much you should expect to pay to go solar in your area.
What the heck is a killowatt?
When it comes to home solar installations, people often speak in terms of KWs. KWs are kilowatts – essentially, for each KW in a system, the system could potentially produce 1000 watts per hour. Solar installations put on homes in NY in 2015 have averaged roughly 7 KWs. So to get a rough idea of the price of a solar installation in your region for an “average” home, you could multiply the number to the left by 7. For a more accurate estimate, try using our solar calculator.
The Cost of Solar in NY Is Dropping Rapidly, and Homeowners are Installing Larger Solar Systems
The Cost of Solar, Post Incentives, Has Dropped 21% in New York Since 2008
Prices for solar have dropped significantly in New York state since 2008, with homeowners paying, 21% less on average per KW of installed solar after tax incentives and rebates are factored in.
As the cost per KW of solar is dropping in NY, the average homeowner is buying larger and larger-sized solar systems, generating more power for the same price. The average size of a home solar installation in NY has increased by 28% since 2008.
More info on solar in your area
More Resources on Solar Costs in NY
Cost of Electricity in New York continues to climb
New york Financial incentives to Support going Solar
Sale any excess power back to the grid
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