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Incentivizing Solar in NYS

How much does it cost to install a residential solar system?

In 2023, the median pre-incentive cost for a solar array in Westchester, NY was $31,447 for a 7.2 kW system, according to NYSERDA internal data published here. The median post-incentive cost was $15,658.

Here’s an example how the incentives reduce the total. Toggle any incentive on/off to see the new total.

Most solar installations qualify for NY Sun Residential Block 9, NYS Solar Energy Equipment Credit, and Federal Residential Energy Credit. The Federal Low-Income Bonus Credit and Federal Domestic Content Bonus Credit require special applications.

Pre-Incentive Total

$31,447

NY Sun (Con Edison) – Residential (Block 9)

$0

NYS Solar System Energy Equipment Credit

$0

Federal Residential Energy Credit

$0

Federal Low-Income Bonus Credit

$0

This tax credit can only be accessed during a specific application window and is only available in low-income neighborhoods and/or for qualifying affordable housing.

Federal Domestic Content Bonus Credit

$0

No solar module manufacturers have yet qualified for this tax credit, which requires the bulk of the module components, inlcuding the solar cells be manufactured in the United States.


Post-Incentive Total

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Breakdown of cost by category below

Labor

Labor: this is a function of the number of employee hours it will take to build the array multiplied by the cost of each hour.

Solar modules

The cost of solar modules has fallen significantly over the past decade, by around 90%; however, they still represent the single most expense part of the installation.

Inverters

The inverters, whether micro inverters or string inverters, represent the second most expensive equipment expense behind the modules.

Balance of System

Balance of System comprises the conduit, wire, cables, racking, breakers, and combiner boxes.

Permitting

Permitting is the administrative hours and fees related to preparing and filing permits with the local municipal government, the utility company, and NYSERDA.

Inspection

Inspection includes the administrative hours and fees related to scheduling and completing electrical and building inspections as necessary.

Adders

Our base pricing is based on a standard, composite shingle roof in good condition of average slope, a functioning, standard size main electrical panel, and a house no more than two stories in height. Steep slopes, electrical service upgrades, heights greater than two stories, tiles, slate or other hard materials will result in higher prices.

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