Is Solar Worth It in New York? (2026 Analysis)
Updated 2026-07-07 · MySunROI Research
Solar in New York is financially attractive for many homeowners in 2026. Average payback: 8.5 years. Net cost after ITC: $14,430. Annual savings: ~$1,700.
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New York solar ROI snapshot
- 6 kW net cost after ITC: $14,430
- Estimated payback: 8.5 years
- Electricity rate: 22.8¢/kWh
- Peak sun hours: 4/day
- 30-year savings: $47,600
When solar is worth it in New York
New York solar costs are above national average, especially in NYC metro and Long Island, but NY-Sun incentives and high Con Edison rates improve ROI upstate and in suburban markets.
- Monthly bill $120+ with south-facing roof
- You purchase (not lease) to claim ITC
- Staying past payback (~8.5 years)
- See full New York cost breakdown
When to wait or skip
- Moving within 3–5 years
- Heavy shading or roof replacement needed soon
- Very low usage under $75/month
New York quick stats
- 6 kW after ITC
- $14,430
- Payback
- 8.5 years
- Electric rate
- 22.8¢/kWh
- Annual savings
- $1,700
Frequently Asked Questions
What is the payback in New York?
Average 8.5 years for a 6 kW system after the 30% federal credit, based on New York rates and production.
Lease or buy?
Buying usually saves $10k–$30k more over 25 years. See lease vs buy guide.
Related pages
How We Calculate Solar Costs
MySunROI estimates combine NREL residential PV installed-price benchmarks, EIA state electricity rates, and regional labor modifiers — updated 2026-07-07.
Estimates only — not tax or financial advice. Estimates based on NREL PV cost benchmarks, EIA electricity rates, and 2026 installer pricing surveys.