“I was presented with information clearly and concisely, with prices made obvious from day one. I cannot recommend them enough. I had received quotes from four companies before meeting with EmPower. For price, system warranty, and ease of accessing people, EmPower beat the other three companies easily.”
– Rick Verified Customer
Solar panels are an increasingly popular choice for homeowners in New York due to their cost savings over time. The cost of solar panels varies based on system size, equipment type, and installation factors. In New York, the average cost of a solar panel system ranges from around $30,000 to $50,000 before tax credits. The cost-per-watt in New York averages around $3.20, and is a valuable metric for comparing system sizes and types.
Our in-house design team will consider several key factors in order to design and size your custom solar panel system, which ultimately determines the final cost for solar panels and installation.
Solar incentives in New York further reduce the cost of going solar. These include the federal solar tax credit, which allows for a 30% deduction of the total system cost from your taxes, as well as a $5,000 New York State Solar Energy System Equipment Credit.
When considering solar panels, it’s important to factor in the long-term savings alongside the initial investment. In New York, a typical 10 kW solar system can save homeowners more than $100,000 in electricity costs over its lifetime. When paired with $0 down financing options, the decreasing cost of solar equipment plus rising electricity rates, make solar energy an increasingly cost-effective choice.
The amount of electricity that you use on a daily basis affects how much power your home solar system will need to produce. The average home on Long Island or in NYC spends $250 a month on electricity. If your home uses more than $500 worth of electricity every month, we’ll design a larger system to match.
A larger roof will provide more space for solar panels, and a south-facing roof will produce more electricity than if it were facing east or west, and will require fewer panels to produce the same amount of energy.
Shade from nearby trees and buildings can affect the amount of sunlight hitting your roof, affecting the amount of energy your solar panels are able to produce. If your roof is heavily shaded you may require additional solar panels to produce enough energy.
Most solar panels range from 400-440 watts per panel. We offer 350, 400, 415, 435, 435, and 440 watt high-efficiency solar panels. A higher wattage panel will produce more energy.
There are several incentives available to New Yorkers to help you go solar. Between the 30% federal tax credit, a $5,000 credit from New York state, and other local offers, these could cover 50% or more of your total solar system cost! It's important to understand your eligibility for these credits, so we recommend consulting with a tax professional.
When determining how to finance your solar panel system, you should consider income, credit score, and lifetime value of the system. We offer a variety of options to ensure that we provide the best solution for you.
By financing your system, you can switch to solar for $0 down. Partner with one of our select financing providers for a low-interest loan with term options between 5 and 15 years.
$10,000 – $25,000 final cost
$0 down
20% – 30%
You
Between 5 and 25 years
Fixed low payments
Up to $5,000 NYS Tax Credit 30% Federal Tax Credit
Yes
Yes
Yes
Own your solar panel system and appreciate significant lifetime savings with a return on investment between 4 and 7 years.
$10,000 – $25,000 final cost
In-Full
100%
You
None
None
Up to $5,000 NYS Tax Credit 30% Federal Tax Credit
Yes
Yes
Yes
A 25-year lease is a budget-friendly option for those looking to benefit from solar energy and maximize their upfront savings.
N/A
$0 down
20% – 30%
SunPower, with option to buy
25 years
Predictable low payments
Up to $5,000 NYS tax credit
Yes
Yes
Yes
In New York, the cost of solar projects is typically between $30,000 and $50,000 depending on preference and energy needs. Cost varies based on regional incentives, system size, aesthetic preferences, energy needs, and local codes, among other factors.
A solar system will pay for itself in just 4-7 years if the homeowner purchases them with cash. A homeowner who finances or leases their system can expect immediate savings and upwards of $100,000 over the life of their system.
The federal government, NYS, and NYC all have unique incentives available to go solar. For most of our clients, the incentives can cover up to 50% or more of the total system cost.
We’re here to inform you of all your options. We’ll explain the ins and outs of each payment method and provide guidance as you decide what’s best for you!
The short answer? Yes. In fact, New York ranks in the top 10 states for installed solar capacity. Based on the average cost of NY utilities, a typical solar power system will pay for itself in approximately seven years. New York residents who install rooftop solar panels also qualify for the federal Renewable Energy tax credit, equal to 30%, as well as the New York State solar tax credit, which is 25% of the cost of your system up to $5,000.
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