Solar Panels New York State

There are three major types of solar panels available throughout nys.

Solar panels new york state.

How much do solar panels cost in new york. It is the only program that allows you to own your solar system while paying for the cost through your electric bill. Our goal is to help make it possible for new yorkers to choose clean energy while lowering their energy costs. This combined with the federal tax credit provide subsantial savings on the cost of a solar installation.

If you live in new york city you can take advantage of the new york state tax credit which is equal to 25 of the costs of you solar panel installation. Given a solar panel system size of 5 kilowatts kw an average solar installation in new york ranges in cost from 12 282 to 16 618 with the average gross price for solar in new york coming in at 14 450. The average cost of a solar panel installation in new york ranges from 12 282 to 16 618. Ny sun mw block incentive.

To encourage this the nyserda is providing lucrative cash incentives to approved solar installations in the amount of 700 per kilowatt kw up to 25kw. The new york state energy research and development authority nyserda has a goal to support the installation of 3 175 gigawatts gw of solar panels by 2023. Making solar affordable for all new yorkers new york state is making solar energy more accessible to homes businesses and communities through ny sun. Ny sun a dynamic public private partnership will drive growth in the solar industry and make solar technology more affordable for all new yorkers.

As of january 2021 the average solar panel cost in new york is 2 89 w. How much do solar panels cost in new york in 2021. How long does it take to earn back your initial investment in solar panels. When it comes to home solar panels new york has long been one of the best places in the country.

The tax credit is capped at 5 000. On a cost per watt w basis a solar panel installation in new york ranges in price from 2 46 to 3 32. Each solar panel type is available at a varying cost depending on their efficiency and lifespan. New york state offers a unique on bill payment plan for people looking to go solar.

The new laws include statewide tax credits for the lease of solar equipment and power purchase agreements a 34 b s 149 b statewide sales tax exemptions for commercial solar equipment a 5522 b s 3203 b and an extension of the real property tax abatement in new york city for solar installations a 10620 s 7711.