On average, electricity users in Valley Stream, NY spend about $175 per month on electricity. That adds up to $2,100 per year.
That’s 9% higher than the national average electric bill of $1,919. The average electricity rates in Valley Stream, NY cost 20 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in Valley Stream, NY is using 865 kWh of electricity per month, and 10,380 kWh over the course of the year.
Solar saves you money by reducing or eliminating your monthly electricity bill. The amount that you can save with solar in Valley Stream, NY is based on two factors: how much you spend on electricity now and how much of your electricity bill you can offset with solar.
Based on the intensity and amount of sunlight hours in Valley Stream, NY, the average electricity customer in Valley Stream, NY will need a 8.6 kilowatt (kW) solar panel system to offset 100% of their annual electricity consumption of 10,380 kWh per year. On the EnergySage Marketplace, solar shoppers in Valley Stream, NY pay an average of $24,000 for a 8.6 kW solar panel system prior to incentives.
The savings from offsetting 100% of an electricity bill with solar can add up fast! Assuming an 0.1% annual increase in electricity prices, someone in Valley Stream, NY can expect to save $2,100 in their first year, $10,500 over five years, $21,100 over 10 years, and $42,400 over 20 years on electricity bills.
Even if onsite solar doesn’t make sense for you, you can still participate in the clean energy transition and save on your electricity bills by subscribing to a community solar farm. Community solar programs in Valley Stream, NY typically save you 5-15% in electricity costs over the course of the year. For the average electricity customer in Valley Stream, NY, 10% annual savings would amount to $210 in savings per year.
Monthly electricity bills are a product of how much electricity you use per month and the rate you pay for electricity. In Valley Stream, NY, the average monthly electricity bill for residential consumers is $175/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 865 kWh * 20 ¢/kWh.
The average residential electricity rate in Valley Stream, NY is 20 ¢/kWh, which is 6% higher than the average electricity rate in New York of 19.10 ¢/kWh. The average residential electricity rate in Valley Stream, NY is 32% higher than the national average rate of 15 ¢/kWh.
Solar panel systems help you save money by reducing your monthly electricity bills. Although a $50 or $100 electricity bill might not seem like much when you pay it each month, those bills add up quickly over ten, twenty or even thirty years: if you pay $100 per month in electricity now, you’ll pay over $37,000 on electricity over the next thirty years!
|EXISTING BILL||10 YEAR COST||20 YEAR COST||30 YEAR COST|
Assuming a 0.1% annual increase based on inflation and average annual rate increases.