Solar power in Poughkeepsie, New York
Central Hudson Gas & Electric offers its solar customers a rebate and net metering for its solar customers.
The rebate is set at $350 per kW for residential and $300-$400 for commercial. If your income qualifies under New York's affordable solar program this utility rebate doubles to $700 per kW.
New york state also covers 25% of the system cost up to $5,000 as a deduction to state taxes.
After deduction of the state tax credit and the utility rebate you may also claim the federal solar tax credit, worth 26% in 2020 (before falling to 22% in 2021). Both tax credits may be extended over many years, there is no size limit to the federal but the state tax credit is for systems under 25kW.
Net Metering Broken Down
Central Hudson Gas & Electric's net metering program credits unused solar generation at 1 for 1 with the retail rate.
Net metering works excellently since most homeowners are away from the house during the day and not using energy, all that unused power is credited.
After covering for power drawn from the grid like at night or on a cloudy day credit can be deposited directly into your account or carried forward to be used on future bills.
Utilities really despise net metering and are doing everything they can to end it, many legislatures are also trying to remove rebates and tax credits for being too generous. There's no good from waiting to go solar!
The average cost of installing residential solar panels in Poughkeepsie,
New York in 2024 is
$2.78 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Poughkeepsie, NY
is $13,900.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in New York is only 603kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Poughkeepsie solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our New York solar savings calculator can do this because it contains a database of the electric rates charged by Central Hudson Gas & Elec Corp, New York State Elec & Gas Corp, Niagara Mohawk Power Corp
How much can solar panels save you in Poughkeepsie
What does the cost of a real solar system look like?
Facts about installing a 8kW solar system in Poughkeepsie, NY
This system would offset 100% of your energy usage if your typical monthly bill is $215, however your situation may vary so try our Poughkeepsie solar calculator to get a result tailored to you.
$10,153
Net cost of system
3 Years 8 Months
Average payback time
9,699 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
47¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 8kW system
Life-time savings on this system over the next 25 years
$100,226
(Prices shown after repayments of capital)
44
Solar companies in Poughkeepsie, NY that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Poughkeepsie
| System Size |
Cash purchase After 26% solar tax credit |
Financed purchase After 26% solar tax credit |
|---|---|---|
| 3kw | $6,460 | $6,977 |
| 4kw | $8,495 | $9,175 |
| 5kw | $10,434 | $11,269 |
| 6kw | $12,343 | $13,331 |
| 7kw | $14,141 | $15,273 |
| 8kw | $15,925 | $17,199 |
| 9kw | $17,582 | $18,989 |
| 10kw | $19,240 | $20,779 |
Find out what system size you need for your home
Going solar in New York
Check out all of the ways energy providers of New York can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Renewable Energy Tax Credit | Federal | Personal Tax Credit |
| Residential Solar State Tax Credit | State | Personal Tax Credit |
| Property Tax Exemption | State | Property Tax Incentive |
| Solar Sales Tax Exemption | State | Sales Tax Incentive |
| Value of Distributed Energy Resources - Phase One Net Metering | State | Net Metering |
| NY-Sun Smart Energy Loan | State | Loan Program |
| NY-Sun Megawatt Block Program - Upstate Region - Block 8 | Utility | Rebate Program |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.
