Cost & Savings Breakdown
Based on $150/month electric bill in New York City
System Size
5.3 kW
Annual Production
6,636 kWh
Gross System Cost
$19,027
Federal Tax Credit (30%)
-$5,708
State Incentive
-$5,000
Net Cost
$8,319
Monthly Savings
$122
CO₂ Offset/yr
6,105 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityCon Edison
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit150% of annual consumption
Electricity Rate$0.220/kWh
Peak Sun Hours4.3 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 New York City?
Solar in New York City, New York costs approximately $19,027 for a 5.3 kW system. After the 30% federal tax credit, your net cost is about $8,319.
What is the solar payback period in New York City?
The estimated payback period for solar in New York City is 5.7 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Con Edison offer net metering?
Con Edison offers Full Retail net metering. Full retail rate.