Is Solar Worth It in Yonkers, NY?
A data-driven analysis based on Yonkers's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Yonkers
With a 3.7-year payback and 843% ROI, solar is an excellent investment in Yonkers.
3.7 years
Payback Period
$72,853
25-Year Savings
843%
Return on Investment
$8,640
Net System Cost
$195
Monthly Savings
$2,340
Annual Savings
6.4 kW
System Size
$768
Home Value Boost
Why Solar Works in Yonkers
- +High electricity rates (25.5¢/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 $768 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Above-average installation costs ($3/W) in New York
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