Solar Panels in New York: 2026 Guide
Going solar in New York is a smart financial decision in 2026. With electricity rates at 22 cents/kWh and 4.2 peak sun hours per day, most homeowners see strong returns on their solar investment.
New York Solar Quick Facts
- Average Electricity Rate: 22 cents/kWh (2026 EIA data)
- Peak Sun Hours: 4.2 hours/day
- Typical 8kW System Cost: $25,600
- Federal Tax Credit (30%): -$7,680
- Net Cost After Federal Credit: $17,920
Solar Incentives in New York
25% state credit up to $5,000. NY-Sun program.
Every New York homeowner qualifies for the federal 30% ITC, saving $7,680 on a typical 8 kW installation.
Solar Savings in New York
The average New York homeowner saves approximately $2,020 per year after going solar. Over 25 years, total savings reach approximately $73,648.
Solar Payback Period in New York
The average solar payback period in New York is approximately 8.9 years. Since solar panels typically last 25-30 years, most homeowners enjoy many years of greatly reduced electricity bills after break-even.
Get Solar Quotes in New York
Compare at least 3 quotes from certified New York solar installers to get the best price and system design for your home.
Ready to go solar in New York? Calculate your exact solar cost or get free New York solar quotes.