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#3 Solar ROI State

Solar Panel ROI in New York (NY)

New York averages 1,180 kWh per installed kW per year. At $22.2¢/kWh average utility rates, a 7 kW system produces a 25-year NPV of $20,948.

$9,455
System Cost (After Credits)
$20,948
25-Year NPV
6 years
Payback Period
$0.130/kWh
Solar LCOE

Solar Cost Breakdown in New York

7 kW system (2.95/W)$20,650
Federal ITC (30%)-$6,195
New York state credit (25%, capped at $5,000)-$5,000
Net Cost$9,455

Solar Production in New York

New York receives an average of 1,180 kWh of solar energy per installed kW per year, based on NREL PVWatts data for a south-facing system at 20° tilt. A 7 kW system produces approximately 8,260 kWh in year one, declining by 0.5% annually due to panel degradation.

At New York's average residential rate of $22.2¢/kWh with 4% annual escalation, first-year savings are $1,834. The solar LCOE of $0.130/kWh is 41% below the current utility rate and stays fixed while utility rates continue to climb.

Net Metering in New York

1:1 net metering with monthly credits. NY-Sun incentive available.

Solar by Utility in New York

Con Edison New York

Avg Rate: $31.2¢/kWh
Structure: TOU
Peak: $42.8¢/kWh / Off-Peak: $14.8¢/kWh
View analysis ›

National Grid New York

Avg Rate: $20.8¢/kWh
Structure: FLAT
View analysis ›

NYSEG

Avg Rate: $19.8¢/kWh
Structure: FLAT
View analysis ›

Solar FAQ for New York

How much does solar cost in New York?
A typical 7 kW residential solar system in New York costs $20,650 before incentives. After the 30% federal ITC and $5,000 state credit, the net cost drops to $9,455.
What is the solar payback period in New York?
Based on the average NY utility rate of $22.2¢/kWh and local solar irradiance of 1,180 kWh/kW/year, a 7 kW system typically pays for itself in 6 years. The 25-year NPV is $20,948.
Does New York have net metering?
1:1 net metering with monthly credits. NY-Sun incentive available.
What is the LCOE of solar in New York?
The levelized cost of solar energy in New York is approximately $0.130/kWh, compared to the current average utility rate of $22.2¢/kWh. Solar electricity costs 41% less than grid electricity at today's rates, and the gap widens as utility rates rise.
How much electricity does a solar panel produce in New York?
New York receives approximately 1,180 kWh of solar energy per installed kW per year. A 7 kW system produces about 8,260 kWh in its first year, enough to offset 79% of the average U.S. household's electricity consumption.

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Solar ROI in Similar States

California

NPV: $41,579 · Payback: 5yr
Rate: $28.2¢/kWh · #1 ranked

Hawaii

NPV: $68,203 · Payback: 3yr
Rate: $39.8¢/kWh · #2 ranked

Massachusetts

NPV: $27,033 · Payback: 6yr
Rate: $28.2¢/kWh · #4 ranked

Arizona

NPV: $14,954 · Payback: 8yr
Rate: $13.2¢/kWh · #5 ranked

Nevada

NPV: $12,806 · Payback: 8yr
Rate: $13.2¢/kWh · #6 ranked

Connecticut

NPV: $24,321 · Payback: 7yr
Rate: $27.2¢/kWh · #7 ranked

Get Your New York Solar Analysis

These are averages. Your ROI depends on your specific utility, consumption, roof, and system size. Run a personalized 25-year NPV analysis — free.

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