Solar Panels in
New York City, NY

Updated 6/8/2019

How much do solar panels cost in New York City, NY in 2019?

As of November 2019, the average solar panel cost in New York City, NY is $3.78/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in New York City, NY ranges in cost from $16,065 to $21,735, with the average gross price for solar in New York City, NY coming in at $18,900. After accounting for the 30% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Average solar panel cost by system size in New York City, NY

System Size System Cost System Cost (after ITC)
3 kW $11,340 $7,938
4 kW $15,120 $10,584
5 kW $18,900 $13,230
6 kW $22,680 $15,876
7 kW $26,460 $18,522
8 kW $30,240 $21,168
9 kW $34,020 $23,814
10 kW $37,800 $26,460

2019 average solar panel cost graph in New York City, NY

for a 5kW system

Great Price
$16,065 or less
Market Average
$18,900
Above Market
$21,735 or more

Solar installation costs do not include the 30% Federal Investment Tax Credit or local incentives. Learn more about local NY incentives, tax credits & rebates.

Payback Period

6.90 Years

20-Year Savings

$65,663

Cost per Watt

$3.78

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Top solar installers in New York City, NY

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True Cost of Solar Guide™ for New York

Download EnergySage’s DIY worksheet to better understand what solar should cost in your state

Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.