Cost & Savings Breakdown
Based on $150/month electric bill in Albany
System Size
5.2 kW
Annual Production
6,109 kWh
Gross System Cost
$18,828
Federal Tax Credit (30%)
-$5,649
State Incentive
-$5,000
Net Cost
$8,180
Monthly Savings
$122
CO₂ Offset/yr
5,620 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityNational Grid NY
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.239/kWh
Peak Sun Hours4 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$5,000
New York State Incentive — New York offers a 25% state tax credit up to $5,000.
Common Questions
How much does solar cost in Albany?
Solar in Albany, New York costs approximately $18,828 for a 5.2 kW system. After the 30% federal tax credit, your net cost is about $8,180.
What is the solar payback period in Albany?
The estimated payback period for solar in Albany is 5.6 years, based on a $150/month electric bill and local sun hours of 4 hrs/day.
Does National Grid NY offer net metering?
National Grid NY offers Full Retail net metering. Full retail rate.