Solar power in Staten Island, New York
Staten Island being in Con Ed territory means that residents and business owners here receive net metering and a $400 per kW rebate. If your income is less than $85,500 per year in a 4 person home, that rebate doubles!
Net metering is the real winner since it requires utilities to credit you at their retail power rate for solar generation not used in the home. Net metering with crazy New York power prices can rack in some serious dough.
The state also runs a tax credit program covering 25% of the system cost up to $5000 and this is coupled with the federal solar tax credit.
Rebates and tax credits will usually cover half or more of the upfront costs. Be sure to act quick because many of these programs have a funding cap, and you'd hate to miss out!
The average cost of installing residential solar panels in Staten Island,
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 Staten Island, 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 Staten Island 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 Consolidated Edison Co-NY Inc
How much can solar panels save you in Staten Island
What does the cost of a real solar system look like?
Facts about installing a 6.18kW solar system in Staten Island, NY
This system would offset 100% of your energy usage if your typical monthly bill is $240, however your situation may vary so try our Staten Island solar calculator to get a result tailored to you.
$6,757
Net cost of system
2 Years 3 Months
Average payback time
7,093 kWh
Annual power production
4¢/kWh
Levelized cost of solar energy
72¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 6.18kW system
Life-time savings on this system over the next 25 years
$118,519
(Prices shown after repayments of capital)
37
Solar companies in Staten Island, NY that provide pricing through the SolarEstimate marketplace.
Average total cost of solar panel installation in Staten Island
| 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 - Con Edison - Block 8 | Utility | Rebate Program |
| NY-Sun Megawatt Block Program - Con Edison 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.
