Estimated Savings for a Typical New York Home
Based on a standard 8 kW home system
System Size
8 kW
Gross Cost
$28,800
State Incentive
-$5,000
Net Cost
$23,800
Annual Savings
$2,139
Payback Period
11.1 yrs
25-Year Savings
$49,258
CO₂ Offset/yr
9,026 lbs
New York Solar Incentives
✕
Federal Tax Credit (Expired Dec 31, 2025)
The 30% federal Residential Clean Energy Credit ended for purchased systems on December 31, 2025. Homeowners buying with cash or a loan in 2026 can no longer claim it. A solar lease or PPA can still pass through a federal credit through 2027 — the installer claims it and lowers your payments.
$5,000
New York State Incentive
New York offers a 25% state tax credit up to $5,000.
Net Metering Policy: Full Retail
Top utility in New York: Con Edison. View full incentives detail →
Solar Costs by City in New York
| City | Annual Savings | Payback (yrs) | Population ↓ | Utility |
|---|---|---|---|---|
| New York City | $2,210 | 10.8 | 8,336,817 | Con Edison |
| Buffalo | $2,132 | 11.2 | 278,349 | National Fuel Gas |
| Rochester | $2,205 | 10.8 | 211,328 | Rochester Gas & Electric |
| Yonkers | $1,981 | 12 | 200,370 | Con Edison |
| Syracuse | $1,859 | 12.8 | 148,620 | National Grid NY |
| Albany | $2,233 | 10.7 | 97,856 | National Grid NY |
| New Rochelle | $2,300 | 10.3 | 79,557 | Con Edison |
| Mount Vernon | $1,858 | 12.8 | 73,893 | Con Edison |
| Schenectady | $2,097 | 11.3 | 66,135 | National Grid NY |
| Utica | $2,095 | 11.4 | 59,750 | National Grid NY |
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Quick Facts: New York
- ⚡ Avg rate: $0.218/kWh
- 🌞 Peak sun: 4.2 hrs/day
- 🏭 Top utility: Con Edison
- 📋 Net metering: Full Retail