Residential solar power pricing in the Empire State

Source: Solar to the People

As residential solar power becomes more popular in New York state, homeowners considering solar confront a persistent question: How much does solar actually cost?

As residential solar power becomes more popular in New York state, homeowners considering solar confront a persistent question: How much does solar actually cost?

To help navigate the confusing home solar power market, Solar to the People has released a study detailing the average cost of solar in regions across New York.

Now in its second year, the study finds that large differences persist across New York state when it comes to solar pricing.

Average cost of installing solar in New York in the first six months of 2016, after incentives and rebates, highest to lowest:

1. Long Island $21,104
2. Binghampton Area $17,989
3. Orange and Rockland Counties $16,989
4. Kingston Area $15,332
5. Rochester Area $15,104
6. Syracuse Area $14,957
7. New York City
$14,903
8. Westchester, Putnum and Dutchess Counties       
$14,804
9. Albany Area $14,710
10. North County Area $14,146
11. Utica Area $13,617
12. Elmira Area $13,576
13. Buffalo Area $13,525
14. Ithaca Area $12,361
15 Watertown Area $11,715
State Average
$16,426

Key study findings:

- The average cost of purchasing home solar in New York in the first half of 2016 was $16,426, after rebates and incentives.

- The cost of full solar installations between the highest cost area – Long Island, at $21,104, and the lowest cost area – Watertown, at $11,715 represents a 44% difference.

- This average cost across New York equates to $1,973/ kW (kilowatt) of solar installed, after incentives and rebates.

- The average size of home installations across the state in the first half of 2016 was 8.32 kW.

- On a per kW (kilowatt) basis, New York City paid the highest amount, at $2,455 / kW, after incentives, while the Watertown area paid the lowest amount, at $1,408 / kW.

This study aims to provide transparency for New York homeowners who are considering making the switch.

Data was obtained from the New York State Energy Research and Development Authority (NYSERDA), which runs the NY-Sun solar incentive program.

Solar to the People is a solar information website that provides clear, independent information on solar for homeowners, solar installers and policymakers.

 

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