Solar Savings Calculator for New York

New York homeowners pay an average of $185/month for electricity at 24.5¢/kWh. With 3.8 peak sun hours per day and a 25% state tax credit, solar can dramatically cut your energy costs.

$185
Avg Monthly Bill
24.5¢/kWh
Electricity Rate
3.8h/day
Peak Sun Hours
$68,134
Est. 25-Year Savings

Calculate Your Savings in New York

Adjust Your Details for New York

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Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$20,400
Federal Tax Credit (30%)
-$6,120
State Tax Credit (25%)
-$5,100
Net Cost
$9,180
Annual Savings
$2,220
Payback Period
4.1 years
25-Year Savings
$68,134
Return on Investment
742%

* Estimates based on 3.8 peak sun hours/day in New York, system cost of $3/watt, 30% federal ITC, 25% state tax credit, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in New York

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

New York State Solar Tax Credit

Generous state tax credit that stacks with the federal ITC.

25% of cost, up to $5,000

NY-Sun Megawatt Block Program

Declining block incentive program administered by NYSERDA.

$0.20-0.40/W upfront incentive

New York VDER (Value of DER)

Advanced net metering replacement that values solar exports based on multiple factors.

Value stack based on time, location, and grid benefit

Cities in New York

Select your city for a more precise estimate with local electricity rates and utility information.

More Solar Resources for New York

Go Solar in New York

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