Solar Installers in New York City, NY

New York City, New York is a good location for residential solar energy. With 4 peak sun hours per day and a population of 8,336,817, thousands of New York City homeowners have already made the switch to solar — and for good reason. The combination of 26.39¢/kWh electricity rates and generous federal incentives makes solar a smart financial decision.

A typical 8kW solar system in New York City produces approximately 11,680 kWh per year. At the current average electricity rate of 26.39 cents per kWh, that translates to annual savings of approximately $3,082. Over the 25+ year lifespan of your solar panels, total estimated savings reach $58,556.

The cost of going solar in New York City averages $2.96 per watt before incentives. For a standard 8kW residential system, that's $23,680 before the 30% federal Investment Tax Credit. After the ITC, your net cost drops to approximately $16,576. New York also offers a state tax credit of 25% up to $5,000, further reducing your out-of-pocket expense.

New York City benefits from New York's full retail rate net metering policy, which means any excess solar energy your system sends to the grid earns you credits at the full retail electricity rate. This maximizes the value of your solar investment.

Solar panels also increase your home value. According to Zillow research, homes with solar sell for approximately 4.1% more than comparable homes without solar. In New York City, that premium can amount to thousands of dollars in added equity — all while you enjoy lower electricity bills every month. With 6-year average payback and 25+ years of panel life, going solar in New York City is one of the smartest home investments you can make.