Is Solar Worth It in Syracuse, NY?
A data-driven analysis based on Syracuse's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Syracuse
With a 5-year payback and 592% ROI, solar is an excellent investment in Syracuse.
5 years
Payback Period
$60,785
25-Year Savings
592%
Return on Investment
$10,260
Net System Cost
$170
Monthly Savings
$2,040
Annual Savings
7.6 kW
System Size
$912
Home Value Boost
Why Solar Works in Syracuse
- +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 $912 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 (3.5 peak hours/day) reduces production
- -Above-average installation costs ($3/W) in New York
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