New York Solar Panel Cost: Savings and Payback (December 2025)
On average, a solar power system in New York can lower your electricity bill and pay for itself over time. Below you can see power generation, cost, and savings of different system
This is higher than the average price of residential solar power systems across the United States, which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations typically have a lower cost per watt because the panels can be purchased at a 'bulk price.'
As of 2024, the average cost of solar panels in New York is $3.30 per watt, making a typical 6.9 kilowatt (kW) solar system $16,632 after claiming the 30% federal solar tax credit now available. This is higher than the average price of residential solar power systems across the United States, which is currently $3.00 per watt.
NY-Sun offers financial incentives to install solar panels for residential, nonresidential, and large commercial and industrial projects. The program is divided into regions across the State and provides real-time information on the current incentive levels by sector and region.
Monocrystalline solar panels cost between $1 and $1.50 per watt, are highly efficient, durable and last up to 30 years. Polycrystalline solar panels cost between $0.70 and $1 per watt and are slightly less efficient and durable. They also last up to 30 years.
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