The cost of solar panels in New York varies depending on several factors including the size of the system you install, the type of panels you choose, installation charges, and the availability of government incentives.

As of the current date, on average, solar panel systems in New York cost between $10,000 and $25,000 after federal tax incentives. Per watt, homeowners might expect to pay around $2.95 to $5.00. A standard residential solar panel system is generally rated somewhere between 4 kW (kilowatts) and 8 kW.

New York State offers additional incentives for solar energy that can further reduce the cost. The NY-Sun PV Incentive Program, for example, provides a rebate for installing solar panels that can reduce the total cost by up to $0.35 per watt in many cases. Additionally, New York has a favorable net metering policy that allows homeowners to get credit on their utility bills for excess power their solar systems export to the grid.

Local government incentives can vary across different municipalities in New York. Some areas may offer property tax exemptions for renewable energy installations including solar panels which can lead to further savings.

Installation costs in New York are also affected by factors such as roof condition and complexity, the home’s electrical system’s readiness for a solar installation, and labor rates. However, despite these initial costs, the long-term savings through reduced electricity bills and possible increases in property values can make solar panels a sound investment.

It’s worth mentioning that prices are continually evolving due to changes in technology, market demand, and ongoing shifts in policy both federally and locally. Many companies also offer leasing or power purchase agreements (PPAs), which allow homeowners to install solar panels with little or no upfront cost and instead pay for the electricity generated at a lower rate than their current utility prices.

Homeowners interested in installing solar panels are advised to get multiple quotes from reputable contractors to ensure they get the best price and to thoroughly understand available incentive programs to maximize their savings.