Solar Panel Cost in New York, NY
Estimated costs and savings for ZIP code 10002 — updated for 2026
Urgent tax credit deadlines
- Section 48E phase-out completes December 31, 2027 — projects must be placed in service by then (469 days left).
Gross Cost
$21,700
7kW system
Annual Savings
$2,860
$238/month
Payback Period
7.6 yrs
Break-even
Peak Sun Hours
4.4
hrs/day avg
Solar System Cost Breakdown — New York, NY
Estimated costs and savings for different residential solar system sizes in ZIP 10002. Costs based on NY average of $3.10/W and utility rate of $0.30/kWh.
| System | Cost | Savings/yr | Payback |
|---|---|---|---|
| 4 kW | $12,400 | $1,634 | 7.6 yrs |
| 5 kW | $15,500 | $2,043 | 7.6 yrs |
| 6 kW | $18,600 | $2,452 | 7.6 yrs |
| 7 kW(typical) | $21,700 | $2,860 | 7.6 yrs |
| 8 kW | $24,800 | $3,269 | 7.6 yrs |
| 10 kW | $31,000 | $4,086 | 7.6 yrs |
Solar Production in New York, New York
Average Peak Sun Hours
4.4 hours/day
Moderate solar resource — still cost-effective
Est. Annual Production (7kW)
9,556 kWh
Based on 4.4 PSH × 7kW × 365 days × 85% efficiency
Average Utility Rate
$0.30/kWh
High utility rates make solar especially valuable
Cost Per Watt in NY
$3.10/W
Near national average for installed cost
Solar Panel FAQ — New York, NY
How much do solar panels cost in New York, NY?
A typical 7kW solar system in New York, NY (ZIP 10002) costs approximately $21,700 before any incentives. This works out to about $3.10 per watt installed. Smaller systems start around $12,400, while larger 10kW systems can cost up to $31,000.
How long is the solar payback period in New York?
The average solar payback period in New York, NY is approximately 7.6 years for a 7kW system. With estimated annual savings of $2,860, the system pays for itself and then generates free electricity for the remaining 15-20+ years of its lifespan.
How much can I save with solar panels in 10002?
Homeowners in New York, NY (ZIP 10002) can save approximately $238 per month or $2,860 per year with a standard 7kW solar system. Over 25 years, total savings can exceed $71,500, depending on utility rate increases.
How many peak sun hours does New York get?
New York, NY receives an average of 4.4 peak sun hours per day. This is near the national average, making solar a solid investment in this area.
What size solar system do I need for my home in New York?
The average home in New York, NY needs a 7kW solar system to offset their electricity usage. The exact size depends on your monthly electric bill, roof orientation, and available space. A 7kW system would produce approximately 9,556 kWh annually in ZIP 10002.
Solar Tools for New York
Looking for another area? Browse all ZIP codes →