The average cost to install solar on a home in New York is $4.48 per watt, with about 80 percent of systems installed for $3.24 per watt to $5.60 per watt. This is higher than the average solar cost in the Middle Atlantic Region of $4.45 per watt.
The average size of a solar system in New York is 8.0 kilowatts, which would cost around $35,800 without any federal, state, or local incentives.
1 kilowatt of solar PV in New York produces an average of 1,270 kilowatt-hours of electricity per year, so a 8.0 kilowatt solar system would generate 10,161 kilowatt-hours of electricity every year. An average household in New York uses 7,206 kilowatt-hours of electricity in a year.
With an average state electricity price of 18 cents per kilowatt-hour, this solar system could save a household in New York $1,868 each year. At this rate of annual savings, the system could pay for itself in about 19 years assuming no additional system expenses. This is less than the expected 30-year lifespan of a typical solar panel.
Savannah: 8.1 kilowatt system installed for $3.51 per watt by Paradise Energy Solutions
Seneca Falls: 14.6 kilowatt system installed for $2.86 per watt by Paradise Energy Solutions
Ithaca: 8.4 kilowatt system installed for $3.27 per watt by Paradise Energy Solutions
Clay: 16.1 kilowatt system installed for $3.25 per watt by Paradise Energy Solutions
Pulaski: 9.5 kilowatt system installed for $3.01 per watt by Paradise Energy Solutions
Blooming Grove: 12.3 kilowatt system installed for $3.34 per watt by Paradise Energy Solutions
Top solar companies most active in New York include:
Paradise Energy Solutions
Get more information about top New York solar companies.