Cost of Solar Panels in NY & Long Island (2024)
Want to find out the average cost for solar panels in New York or Long Island? Read on to learn the average solar panel
As of January 2025, the average solar panel system costs $2.92/W including installation in New York. For a 5 kW installation, this comes out to about $14,608 before incentives, though prices range from $12,417 to $16,799. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.
On average, solar panel brands charge between $2.74 and $3.30 per watt before the various tax rebates and exemptions that can significantly bring down the cost. SunPower, Panasonic and REC Solar products cost a bit more than competitors, though they also come with high reviews and a variety of products.
According to feedback from over 500 solar energy customers in New York, solar panel investments pay off over time in the state. New York's decent amount of sunlight and relatively solar-friendly policies make it one of the best states for solar panels.
Solar equipment installed in New York is exempt from the state's standard 4% sales tax. While this won't lower the base cost of the panels, you do not need to budget for the additional cost. Under the state's Real Property Tax Law, property taxes on homes with new solar installations cannot increase for 15 years.
PDF version includes complete article with source references.
Get technical specifications, European subsidy information, and ROI analysis tools for peak shaving and container energy storage solutions.
ul. Technologii 15, Park Przemysłowy
geochojnice.pl, Poland
Office: +48 22 525 6683
Technical: +48 189 486 173
Monday - Friday: 8:00 AM - 6:00 PM CET