Solar Panels in New York: Cost, Savings & Incentives (2026)
How much do solar panels cost in New York in 2026? Typical 8.0 kW system: $16,800 after 30% ITC, 11.7-year payback, 4.3 sun hrs/day, 22.4¢/kWh. Free calculators.
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New York solar decision guides
Data hub — jump to in-depth sizing, bill-based, or policy guides. This page stays focused on rates & incentives.
New York solar snapshot (2026)
A 8 kW system in New York produces roughly 10,044 kWh/year at 4.3 peak sun hours and 22.4¢/kWh — saving about $2,249/year with ~7-year payback after the 30% ITC.
| Cost item | Amount |
|---|---|
| System cost (8 kW) | $24,000 |
| Federal 30% ITC | −$7,200 |
| Net cost after ITC | $16,800 |
| Est. annual savings | $2,249/yr |
| 25-year net profit (est.) | $39,425 |
Get at least 3 installer quotes — pricing varies up to 30% within the same state.
New York solar incentives
Federal ITC — 30%
All US homeowners qualify for the 30% federal Investment Tax Credit through 2032. On a $24,000 system, that's a $7,200 dollar-for-dollar tax credit.
New York state programs
New York's NY-Sun Incentive Program offers Megawatt Block incentives that vary by utility territory. The NY Solar Sales Tax Exemption removes the 4% state sales tax on solar equipment. New York also has a strong net metering policy and an active SREC market. The NYC Property Tax Abatement further reduces costs in New York City.
Is solar worth it in New York?
High electricity rates (22.4¢/kWh) often offset New York's moderate sun hours for faster payback. Use the calculators above for a bill-specific estimate, or open a decision guide below for sizing by monthly bill or home sq ft.
Frequently asked questions
Direct answers for US homeowners in New York.