New York City, NY 10015

ThinkSolar Grade: A 90%

Sunlight Rank: #169

Avg. Electric $/kWh: $0.134

Avg. Savings/yr: $330

Rebates: b

Breakeven: 6 yrs

Investment Rate: 25%

Leasing Available: Yes

Net Metering: a

Interconnection: b

Tax Incentives: A

Conclusion: Nothing is a sure bet, but solar is as close as you can get to it. All factors are in this area's favor, and those living in it should not wait to look seriously at solar energy.

Find out if your home qualifies for additional solar panel incentives.

New York Local Rebates & Credits

Most states have incentives to convince their residents to use solar energy...

Local Rebates	$400-$800 per kW
Tax Credits	25% up to $5,000
Performance Payouts	None :(
Property Tax Exemptions	100%
Sales Tax Exemptions	100%

Detailed Solar Panel Analysis...

Get a personalized report on how much solar energy can save you!

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New York City, NY 10015 (New York County): Nothing is a sure bet, but solar is as close as you can get to it. All factors are in this area's favor, and those living in it should not wait to look seriously at solar energy.

In order to find out if your specific home would benefit from installing solar panels, please fill out our 1-minute quote request form. Someone will get back to you very quick and we can discuss if your home is a fit for Solar or not.

130 days until the 30% federal tax credit expires!

December 31, 2019 is going to creep up on you before you know it! You know it will... then you will have wished you had started the process sooner. Don't procrastinate! If you still need more convincing, then read on...

Solar Energy Pros:

Residential Renewable Energy Tax Credit: The IRS provides a 30% federal tax credit, available to all homeowners until 12/31/2019. This means that for an $18,000 solar panel installation, you will get back $5,400 on your taxes later that year!
New York City and New York have additional great solar rebates available.
New York City, NY has higher than average electricity costs. This means that it will take less time to recoup your solar investment.
New York City, NY allows for solar panel leasing. This means that you have many options to get solar panels for your home.
There are local tax (property and/or local) incentives to installing solar panels if you live in New York County.
The average payback period if you bought a $18,000 solar power unit, would be around 6 years. This is better than the national average.
Getting solar panels for your home will reduce your carbon footprint and will in turn help Mother Earth.

Solar Energy Cons:

Amazing! There doesnt seem to be any negatives to getting solar in New York City, NY

How much sunlight does New York City get?

This chart is where we plot the 30-year average peak sunlight hours per day that New York City, NY gets compared to the National Average and Daggett, California (US Solar Capital).

Buying vs. Leasing

Since New York allows its homeowners to lease their solar panel systems, it provides an additional way for NY residents to go solar.

Buying your solar systems force you to pay more upfront. For example, the average 5-kW solar setup will cost approximately $18,000. After subtracting the 30% federal credit and any possible state and local credits, you will be left with around $10,000 +/- that you will have to earn off. This math is also very similar if you were to take out a Home Equity Line of Credit (HELOC).

Leasing however allows you to make a monthly payment on your solar setup that will (hopefully) be less than your typical electric bill.

The fact that your home state allows for leasing is a HUGE reason to contact us to find out if your home meets the requirements for Solar. You can possibly get away with solar with zero ($0) down!

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