Solar Savings Calculator for Albany, NY
Homeowners in Albany pay an average of $175/month for electricity through National Grid. With 3.7 peak sun hours per day, solar panels can significantly reduce your energy costs.
Calculate Your Savings in Albany
Adjust Your Details for Albany, NY
Your Estimated Solar Savings
* Estimates based on 3.7 peak sun hours/day in Albany, NY, system cost of $3/watt, 30% federal ITC, 25% state tax credit, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Albany
Utility & Permits
- Utility Company
- National Grid
- Permit Cost
- $400
- Permit Timeline
- 3-5 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.8 kW
- Panel Count
- 17 panels
- Gross Cost
- $20,400
- Net Cost (after credits)
- $9,180
Available Incentives for Albany, NY
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
New York State Solar Tax Credit
Generous state tax credit that stacks with the federal ITC.
NY-Sun Megawatt Block Program
Declining block incentive program administered by NYSERDA.
New York VDER (Value of DER)
Advanced net metering replacement that values solar exports based on multiple factors.
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