Is Solar Worth It in Buffalo, NY?
A data-driven analysis based on Buffalo's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Buffalo
With a 4.7-year payback and 640% ROI, solar is an excellent investment in Buffalo.
4.7 years
Payback Period
$62,161
25-Year Savings
640%
Return on Investment
$9,720
Net System Cost
$172
Monthly Savings
$2,064
Annual Savings
7.2 kW
System Size
$864
Home Value Boost
Why Solar Works in Buffalo
- +High electricity rates (22¢/kWh) mean bigger savings
- +25% state tax credit stacks with federal 30% credit
- +Full net metering — get retail credit for excess energy
- +SRECs available — earn additional income from solar production
- +4 incentive programs available in New York
- +Estimated $864 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Lower sun exposure (3.6 peak hours/day) reduces production
- -Above-average installation costs ($3/W) in New York
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