The cost of solar panels in South Richmond Hill, NY (2024)

Updated May 21, 2024

  • You'll pay an average of $18,910 to install a 5 kilowatt solar panel system in South Richmond Hill, NY, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

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Written by: Emily Walker

As of May 2024, the average solar panel system costs $3.78/W including installation in South Richmond Hill, NY. For a 5 kW installation, this comes out to about $18,910 before incentives, though prices range from $16,074 to $21,746. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in South Richmond Hill, NY

Good Price
$16,074 or less
Market Average
$18,910
High Price
$21,746 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or South Richmond Hill, NY state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $18,910 in South Richmond Hill, NY, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in South Richmond Hill, NY

System Size
System Cost
System Cost (after ITC)
3 kW$11,346$7,942
4 kW$15,128$10,590
5 kW$18,910$13,237
6 kW$22,692$15,884
7 kW$26,474$18,532
8 kW$30,256$21,179
9 kW$34,038$23,827
10 kW$37,820$26,474

Are solar panels worth it in South Richmond Hill, NY?

Solar panels are worth it in most areas, including South Richmond Hill, NY. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $39,502 over 20 years on electricity costs with a 5 kW system in South Richmond Hill, NY. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
5.07 Years
20-Year Savings
$39,502
Cost-per-Watt
$3.78

If you can't shell out $18,910 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in NY, here are some popular suggestions:

  • SunPower
    New York, NY
    Established 1985
    Elite Installer
    SunPower is the number one rated solar company, and with over 37 years of dedicated solar experience, we're the o...
    Elite Installer
    Screened & Verified

    SunPower is the number one rated solar company, and with over 37 years of dedicated solar experience, we're the o...
  • New York Power Solutions
    White Plains, NY
    Established 2009
    Advanced Installer
    Our Proposals are extremely in depth, we don't snag people with a monthly savings figure. We give them a detaile...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    17 Reviews

    Our Proposals are extremely in depth, we don't snag people with a monthly savings figure. We give them a detaile...
  • Tri State Solar Services
    Multi-state
    Established 2015
    Advanced Installer
    In less than 2 minutes you will know why choosing Tri State Solar as your solar installer is the right choice.
    1) ...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    13 Reviews

    In less than 2 minutes you will know why choosing Tri State Solar as your solar installer is the right choice.
    1) ...
  • EmPower Solar
    Long Island City, NY
    Established 2003
    Advanced Installer
    So much more than just solar. Our goal is to help customers embrace a full lifestyle change through full home ele...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    34 Reviews

    So much more than just solar. Our goal is to help customers embrace a full lifestyle change through full home ele...
  • SUNation Energy
    Ronkonkoma, NY
    Established 2003
    Approved Installer
    SUNation has grown to be one of the largest solar contractors on Long Island with over 8,000 Residential and Comm...
    Approved Installer
    Screened & Verified
    4.5 /5.0
    42 Reviews

    SUNation has grown to be one of the largest solar contractors on Long Island with over 8,000 Residential and Comm...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in South Richmond Hill, NY.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in South Richmond Hill, NY. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

Request free quotes from vetted installers in minutes

Unbiased support

Our expert Energy Advisors will help you make the right decision

Trusted, local installers

We pre-screen and monitor all of our partners

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