New York City receives approximately 4.5 peak sun hours per day, making it a good location for solar energy production. With an average monthly electric bill of $180 in New York City, homeowners could save $1,620/year by switching to solar.
A 8.1kW solar system in New York City could generate approximately 897 kWh/month, offsetting about 95% of the average electric bill.
New York City residents benefit from New York's solar incentives, including state tax credit (25% up to $5,000) + ny-sun incentive + net metering.The 30% Federal Solar Tax Credit (ITC) applies to all installations nationwide, reducing your net system cost by nearly a third.
With 4.5 peak sun hours, a typical 8.1kW residential system in New York City produces enough energy to offset 95% of the average household's electricity usage. Over the system's 25+ year lifespan, that translates to $40,500 in total savings.
Your utility affects your net metering rate and solar program eligibility.