NYC Solar Panel Cost & Savings in 2026
SolarPro Lab specializes in NYC solar, flat roofs, brownstones, co-ops, DOB permitting, and every borough. NYC's stacked state and local incentives can cut your net cost by 40–60%. See exactly what you'd pay after maximizing every available credit and rebate.
NYC Solar Prices at a Glance
Solar in NYC costs about $2.80–$3.50 per watt installed, before incentives. After stacking the NY State credit, NYSERDA rebate, and NYC property tax abatement, many homeowners get their net cost down by 40–60%. Payback period is typically 6–10 years.
| System Size | Gross Cost | After NY 25% Credit | After All Incentives | Est. Annual Savings | Best For |
|---|---|---|---|---|---|
| 6 kW | $16,800–$21,000 | $11,800–$16,000 | ~$6,500–$9,000 | ~$1,200 | Small NYC home or townhouse |
| 8 kW | $22,400–$28,000 | $17,400–$23,000 | ~$9,000–$13,000 | ~$1,600 | Average NYC home |
| 10 kW | $28,000–$35,000 | $23,000–$30,000 | ~$12,500–$17,500 | ~$2,000 | Larger home or EV owner |
| 12 kW | $33,600–$42,000 | $28,600–$37,000 | ~$16,000–$22,000 | ~$2,400 | Large home, high usage |
* "After All Incentives" includes NY State 25% credit (max $5,000), NYSERDA NY-Sun rebate, and NYC property tax abatement (spread over 4 years). Federal residential tax credit (Section 25D) expired December 31, 2025. Prices are estimates for NYC installations as of 2026. Tax credit availability subject to your tax situation, consult a tax professional.
Real Example: A $25,000 System in NYC
Here's how a typical NYC homeowner could stack remaining incentives to bring a $25,000 system down to around $10,900.
This is an illustrative example. Actual incentives depend on system size, income, and tax situation. Consult a tax professional for accurate figures.
NYC Solar Incentives. Full Breakdown
No other city in the US has as many stackable solar incentives as New York City.
⚠️ Note: The federal residential solar tax credit (Section 25D) expired December 31, 2025. New York homeowners still have strong state and local incentives available.
NY State Income Tax Credit
25% (up to $5,000)New York State gives you 25% of your system cost as a state income tax credit, up to $5,000. One of the most valuable remaining incentives after the federal credit expired in 2026.
NYSERDA NY-Sun Rebates
~$0.20–$0.40/wattNYSERDA's NY-Sun program offers upfront rebates to help lower the cost of solar in NYC. This is applied directly to your project cost, it comes off your price before you pay.
NYC Property Tax Abatement
Up to 30% over 4 yearsNYC offers a property tax abatement worth up to 30% of your solar system cost, spread over 4 years. This is available only in NYC and is one of the strongest local solar incentives in the country.
NY Sales Tax Exemption
Sales tax fully waivedNew York fully exempts solar equipment from state and local sales tax. In NYC, that's up to 8.875% saved on your equipment, real money on a $25,000 system.
How Long Until Solar Pays for Itself in NYC?
New York City's electricity rates average around $0.24–$0.32/kWh. some of the highest in the country. Combined with NYC's strong state and local incentive stack, solar still pays back well in NYC. Most homeowners see full payback in 7–10 years, then enjoy free power for over two decades.
SolarPro Lab's NYC Specialization
NYC solar is unlike anywhere else. We know the city, the codes, and the challenges, so we line up the right installer for your home and oversee the work for you.
Flat & Complex Roofs
We vet installers who take on flat, slate, and Spanish tile roofs that other companies turn away.
All 5 Boroughs
Brooklyn, Queens, the Bronx, Staten Island, Manhattan, we stand behind homeowners throughout all five boroughs.
DOB & LL92/94 Expertise
The installer we line up for your home handles full DOB permitting and Local Law 92 & 94 compliance.
Co-op Board Approvals
We guide co-op and condo owners through board approval processes and building requirements.
Sources
The rate, incentive, and tax-credit details on this page come from the utilities and public agencies that set them. Confirm current figures for your situation with these sources.
Sources & methodology
Cost ranges on this page are estimates that vary by home, roof, usage, and installer. Confirm current figures with the installer we vet for your home. Our rate and program details draw on:
- U.S. Energy Information Administration - New York residential electricity rates
- NYSERDA - NY-Sun incentives for New York City
- New York City Department of Finance - residential solar property tax abatement
- NYC Department of Buildings - solar permitting and Local Law 92 & 94
Last reviewed: June 2026.