The State of Solar in New York
New York experiences approximately 165 days of sunshine per year, which is less than half the annual average compared to other states. With an annual snowfall of 62 inches and rainfall of 44 inches, coupled with freezing temperatures that can dip into the teens during winter, solar panels in New York must withstand challenging weather conditions.
Despite these factors, the American Council for an Energy-Efficient Economy (ACEEE) ranks New York fifth in the nation for its commendable renewable energy programs and policies. With 80% of buildings in New York deemed suitable for solar installation, the state stands poised to fully realize its solar energy potential.
Solar Energy Production in New York
New York ranks tenth in the United States for solar megawatt production, contributing nearly 3% of the state’s electricity and powering 474,848 homes, according to the Solar Energy Industries Association (SEIA). With over 145,000 solar installations statewide, notable projects include the Long Island Solar Farm in Upton and Argos Solar LLC in Seneca.
Advantages of Going Solar in New York
New York residents face high electricity costs, ranking ninth in the nation for the average retail price of residential electricity. Investing in solar panels can significantly reduce utility bills, with solar equipment boasting a lifespan of 25 years or more, potentially saving system owners over $20,000 in energy costs. Furthermore, solar energy usage helps decrease CO2 emissions, improves air quality, and stimulates job growth in a sustainable industry.
Cost of Solar in New York
The cost of a home solar system varies based on factors such as energy needs, weather conditions, roof space, roof angle, and the quality of solar panels and parts. In New York, the average cost of owning a 5 kW solar system ranges from $13,850 to $39,050, before accounting for tax credits or incentives.
Incentives for Solar in New York
New York offers various incentives and tax breaks for solar installations. Homeowners who purchase their system can benefit from a federal tax credit of up to 30% of the total installation cost. Additionally, programs such as the Long Island Power Authority’s (LIPA’s) Feed-in-Tariff (FIT) solar program, the New York State Solar Program (NY-Sun), and financing options like On-Bill Recovery and Smart Energy loans provide additional financial support.
Choosing the Right Solar Solution
When considering solar installation, it’s essential to research vendors and brands to ensure quality, appearance, and durability align with your needs. Collaborating with a reputable solar consultation service will help you select a system that fits your budget, property, and energy requirements. A qualified solar energy professional can guide you through available rebate and incentive programs while ensuring your solar system enhances your property value.
Ready to Make the Switch to Solar?
Schedule a free consultation with Solar by EnFin to explore your solar options. Our team will work with you to design a custom solar solution tailored to your needs and budget. Contact us today to begin your journey toward solar-powered savings.
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