New York State Solar Costs

Cost of Solar Panels in New York

Are you thinking about installing solar panels on your home or business? High electricity costs and significant solar incentives make New York State one of the best states for solar-powered systems. Installing solar energy in your home can be a lucrative way to reduce your energy bills and hedge against rising energy costs. But before you make the leap, it’s essential to consider all the costs associated with installing a solar system in New York.
Continue reading to learn more about the costs associated with installing solar in New York and the incentives that can help reduce your overall cost.

How Much Do Solar Panels Cost In NY State?

The cost of solar panels has dropped more than 60% in the last ten years, making it a much more affordable option. However, the total cost of installing solar in New York depends on a variety of factors, including the size of your system and the type of equipment used.

On average, a 5 kW (kilowatt) solar system in NY can range from $14,000 to $19,000 before any incentives or rebates are applied. While this may seem like a significant investment, there are several incentives and rebates available that can help make installing solar more affordable.

Enter your zip code to see if you qualify for solar incentives!

Do I Qualify?

Please enter a zip code

Solar Incentives NY

In addition to the falling cost of solar panels, state and federal solar incentives are available to help reduce the overall cost of installing a solar system. Some of these incentives include:

Federal Tax Credit in New York

The Residential Renewable Energy Tax Credit is a federal tax credit offered to homeowners who install solar. This credit is a dollar-for-dollar reduction of your tax liability and can be applied to 30% of the cost of installing solar.

NY State Tax Credit

New York offers a personal tax credit worth 25% of the total cost of the system.

Net Energy Metering

Net metering allows customers to sell their excess energy back to the grid, receiving a credit on their electric bill for any excess
energy.

Solar Panel Rebates In New York State

The Megawatt Block Incentive provides a dollar-per-watt rebate for homeowners that install solar panels in New York. It varies
based on the size of the system and your location within the state, ranging from $0.20/watt to $0.50/watt.

Get Started with Solar in New York

Installing solar on your home isn’t just a great way to reduce your energy bills, but it can also be an investment in the future. With falling costs and significant solar incentives in NY, now is the best time to invest in solar.

By taking advantage of the state and NY solar incentives available, you can reduce the overall cost of your installation and start saving money immediately. With the proper planning, going solar in New York can be an investment that pays off for years to come.

Solar Companies in New York

At EcoGen America, we are dedicated to helping New York residents enjoy the many benefits of renewable energy. Our team of NY State solar experts will work with you to evaluate your energy options, create a custom solar system for your home, and ensure the installation process goes smoothly.

Contact us today for a free solar estimate to find the best Solar Panel System for your home!

Enter your zip code to see if you qualify for Free Solar Installation!

Do I Qualify?

Please enter a zip code

How Much Do Solar Panels Cost In NY State?

The cost of solar panels has dropped more than 60% in the last ten years, making it a much more affordable option. However, the total cost of installing solar in New York depends on a variety of factors, including the size of your system and the type of equipment used.

On average, a 5 kW (kilowatt) solar system in NY can range from $14,000 to $19,000 before any incentives or rebates are applied. While this may seem like a significant investment, there are several incentives and rebates available that can help make installing solar more affordable.

You May Like: