Solar Savings Calculator for New York City, NY
Homeowners in New York City pay an average of $200/month for electricity through Con Edison. With 4 peak sun hours per day, solar panels can significantly reduce your energy costs.
Calculate Your Savings in New York City
Adjust Your Details for New York City, NY
Your Estimated Solar Savings
* Estimates based on 4 peak sun hours/day in New York City, 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 New York City
Utility & Permits
- Utility Company
- Con Edison
- Permit Cost
- $800
- Permit Timeline
- 6-12 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 6.4 kW
- Panel Count
- 16 panels
- Gross Cost
- $19,200
- Net Cost (after credits)
- $8,640
Available Incentives for New York City, 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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