According to Solar to the People, New York is a great state for homeowners to go solar due to high energy prices, great incentives and the availability of net metering. Solar to the People is a company that runs a website providing quotes to homeowners interested in installing solar, from a list of affiliated solar installers.
Their newly released report details the cost of solar in New York state’s major metropolitan areas:
1) Buffalo Area – $1,365 / kW
8) Orange and Rockland Counties – $1,842 / kW
2) Ithaca Area – $1,479 / kW
9) Albany Area – $1,860 / kW
3) Utica Area – $1,486 / kW
10) North Country – $1,982 / kW
4) Rochester Area – $1,517 / kW
11) Long Island – $2,335 / kW
5) Syracuse Area – $1,633 / kW
12) Kingston Area – $2,383 / kW
6) Elmira Area – $1,647 / kW
13) New York City – $2,493 / kW
7) Westchester, Putnam and Dutchess Counties – $1,826 / kW
Other findings from the report include:
- The average cost of purchasing home solar in New York in the first half of 2015 was $15,137, after rebates and incentives.
- Rebates and incentives reduced the cost of solar on average 50.5%.
- This average cost equates to $2,084 / kW (kilowatt) installed, after rebates and incentives.
- The Buffalo area paid the lowest amount per KW installed, at $1,365 / kW.
- New York City paid the highest amount per KW installed, at $2,493 / kW.
The study includes both before and after incentive costs. The data was obtained from the New York State Energy Research and Development Authority (NYSERDA), which runs the NY-Sun solar incentive program.
If you live in New York state, this study would be a good jumping off point to start your research on the cost of solar. Going solar is a big investment for a homeowner and your “due diligence” should include research, as well as getting multiple quotes from multiple sources.
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.