New York homeowners and businesses definitely love solar, and the Empire State truly is a solar leader. Solar panels are a popular choice for clean power in New York because the state has some of the highest electricity rates in the country.
New York gets an abundance of sunny days throughout the year, and sunshine is all you need to free yourself from that high electricity bill from your utility. Install solar panels to transform sunshine into a clean, reliable, and affordable energy source. With solar panels from Direct Energy Solar, you can declare energy independence, lower your electricity bill, and do your part to protect the planet.
That’s quite an empire.
According to the U.S. Energy Information Administration (EIA), New York is one of the top ten most expensive states in the country for residential electricity—March 2017 rates averaged at $.170/kWh! Only eight states had higher rates.
And while there are occasional dips in prices, electricity rates in New York remain unpredictable. This table was compiled using New York electricity rate data provided by the EIA.
That’s more money back in your pocket to spend on more important things than utility bills. Just think of the possibilities.
New York Solar Snapshot
According to the SEIA, 241 MW of solar electric capacity was installed in New York in 2015, ranking it 5th nationally. That brings the total installed solar capacity in New York to 638 MW, ranking it 7th in the country—installed solar capacity in has grown by 65% over the last year!
The Solar Investment Tax Credit (ITC) is a very generous federal solar incentive that allows you to claim a tax credit for 30% of the total cost of installing your solar system.
It will remain at the 30% level until the end of 2019 and will then ramp down incrementally through 2021. After 2023, the residential credit will drop to 0% while the commercial credit will drop to a permanent 10%.
We’ve prepared a checklist you can use to ensure you meet the criteria for this incentive, with links to the forms needed.
Direct Energy Solar installation in New York
Nonresidential customers of PSEG of Long Island, formally LIPA, are eligible for the NYSERDA incentive program of $.25 per watt for the first 50 kW installed, with an additional $.23 per watt up to 200 kW. The residential incentive is closed.
For those customers who get their energy from Con Edison, the current residential grant is $.50 per watt for systems up to 25 kW. Nonresidential systems can receive $.70 per watt for the first 50 kW installed capacity, with an additional $.45 per watt up to 200 kW.
The current New York grant is $.40 per watt for residential systems up to 25kW of installed capacity. For nonresidential systems, the grant is $.40 per watt for the first 50kW installed with an additional $.30 per watt provided for installed capacity up to 200kW. The grant amount may be reduced for potential production losses associated with site quality factors like shading. The NY-Sun residential PV solar grants are available to utility customers who pay the state’s RPS charge including Central Hudson Gas & Electric, New York State Electric & Gas Corporation, National Grid Power, Orange and Rockland and Rochester Gas and Electric. Direct Energy Solar is a NYSERDA incentive program approved installer.
New York utility companies are required to participate in the net metering program. Net metering allows homeowners and businesses that generate excess energy with their solar system to offset the cost of power drawn from the utility.
When your net meter sends back to the grid any excess solar electricity that your solar system generates, you’ll receive the full retail value of that electricity.
At the end of each billing cycle, if you send more electricity back to the grid than you used, you earn credit towards your next bill.
Looking for more information about New York state policy, solar incentive information, statistics, and electricity rates?
We’ve compiled a list of useful links for you. When you meet with us, we’ll show you what incentives you are entitled to.
Direct Energy Solar combines the reliability and skill of a national solar company with personalized service and local knowledge. Going solar is an exciting decision! We can help you harness the sun’s full potential for your home in New York and are devoted to delivering the most carefree solar experience.
1108 Kings Highway
Chester, NY 10918
28 Colt Court
Ronkonkoma, NY 11779
Find out if you are in our service territory and if you are a good fit for solar by requesting your free solar quote.