Solar Panel Savings in New York
New York gets 3.8 peak sun hours per day with electricity at 22¢/kWh. See how much you can save with solar panels.
Solar Panel Cost & Savings by System Size in New York
| System Size | Gross Cost | After Credits | Payback | 25-Year Savings | Annual kWh |
|---|---|---|---|---|---|
| 6 kW | $18,600 | $8,370 | 5.9 yrs | $37,023 | 8,322 |
| 8 kW | $24,800 | $11,160 | 7.1 yrs | $41,341 | 11,096 |
| 10 kW | $31,000 | $13,950 | 8.6 yrs | $38,551 | 13,870 |
| 12 kW | $37,200 | $16,740 | 10.1 yrs | $35,761 | 16,644 |
Includes 30% federal ITC + 25% New York state credit. Assumes 3% annual electricity rate increase and 0.5% panel degradation.
New York Solar Incentives
New York Energy Profile
Get Your Personalized New York Solar Estimate
Enter your exact electric bill and system details for a custom ROI projection.
Open Solar ROI Calculator →Compare Solar Savings in Similar States
Is Solar Worth It in New York?
New York averages 3.8 peak sun hours per day, which means an 8 kW solar system would produce approximately 11,096 kWh per year. At the state's average electricity rate of 22¢/kWh, that translates to significant annual savings on your electric bill.
With the federal 30% Investment Tax Credit and New York's 25% state incentive, an 8 kW system costing $24,800 drops to just $11,160 after credits — with a payback period of approximately 7.1 years.
Over 25 years, homeowners in New York can expect to save $41,341 with an 8 kW system, factoring in panel degradation and rising electricity costs. The combination of moderate sun exposure and strong incentives makes solar a very strong investment in New York.