How much do solar panels cost in New York?

In New York, solar panel installation averages about $3.18 per watt. For a typical $150 monthly electric bill, a 4.8 kW system (13 panels) costs approximately $16,536 before incentives, or $11,575 after the 30% federal tax credit.

Is solar worth it in New York?

Yes — with 4.5 peak sun hours per day and 29.5¢/kWh electricity rates, solar in New York typically pays for itself in 6 years. The rating is Excellent.

Solar Panel Cost & Savings in New York (2026)

Quick New York Solar Facts

4.5

Peak Sun Hours/Day

29.5¢

Electricity Rate

$3.18

Install Cost/Watt

6 yrs

Avg Payback

In New York, a typical 4.8 kW system (13 panels) costs approximately $11,575 after the 30% federal tax credit. With 4.5 peak sun hours per day and 29.5¢/kWh electricity rates, annual savings average $1,937 with a payback period of 6 years. Rating: Excellent. Source: NREL PVWatts v8 (PSH), US EIA July 2026 (rates), SEIA/EnergySage Q1 2026 (costs).

☀️ Calculate Your New York Solar Savings →

How many solar panels do I need in New York?

For a typical home with a $150 monthly electric bill in New York, you need about 13 panels (5.2 kW system). Your exact number depends on your specific monthly usage and roof orientation.

What solar incentives are available in New York?

Every US homeowner qualifies for the 30% federal Investment Tax Credit (ITC) through 2032. Many states also offer additional incentives — check our main calculator's Incentives tab for New York-specific rebates, tax credits, and net metering policies.

Is New York a good state for solar?

New York has 4.5 peak sun hours per day (U.S. average: 4.98). With electricity at 29.5¢/kWh (U.S. average: 18.83¢/kWh), solar in New York typically pays for itself in 6 years. Overall rating: Excellent.