• New York Goes Solar with SunPower®

    New York is a leader in home solar

The state of solar power in New York

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New York is a leader in solar power. Along with a couple of western states, like Arizona and California, The Empire State is responsible for nearly one-third of a million homes having solar power. That figure will likely increase as the price of solar energy continues to fall-it has dropped 36 percent in the last five years.

The success of solar power in New York is attributable to significant incentives state legislators have put in place. Governor Andrew Cuomo allocated $1 billion in initiatives to advance New York's solar power to a more sustainable and self-reliant status. Some of the tax incentives include:

  • An income tax credit for 25 percent of the cost of the system up to $5,000

  • Exemption from state sales tax for solar panels on residential buildings

  • A 15-year real property tax exemption for the value of the solar panels

While it is a leader in the field, the accolade would not be readily apparent based on its geography. New York is not the sunniest state. Residents enjoy around 213 to 234 days of full or partial sun-excluding northern regions such as Buffalo, Binghamton, and Syracuse, which see closer to 160. In total, New York ranks 43rd when it comes to total sun exposure.

How much solar power does New York produce?

Despite the moderate amount of sun, New York's tax credits have made it a top-five state for solar power. According to Choose Energy, New York produced 191,000 megawatt-hours in October 2019. That figure is high enough for the state to place 10th in the country while contributing 2.1 percent of the country's total solar energy supply.

Is solar feasible in New York?

statue of liberty

It's easy to dismiss New York as a haven for solar power. New York City has a reputation for being relatively drab and overcast, especially in contrast to the ever-sunny Los Angeles. Still, New York's incentives make it one of the best places to invest.

New York has favorable policies and incentives when it comes to solar power. Some of the highlights include its tax credits, a property tax exemption, a sales tax emption, electricity costs, and net metering.

New York legislators recently passed a Renew Portfolio Standard law, which broadens the state's investment in renewable energies. This legislation encourages people to invest in solar, in addition to wind, geothermal, sustainable biomass, and hydroelectric power.

How much does solar cost in New York?

As mentioned above, New York makes installing solar panels an attractive and economically savvy option thanks to various incentives. Depending on the size of the system, owners will save 20 to 25 percent on the initial investment because of state rebates.

New York has also adopted net metering, which allows owners to send excess electricity back to the electric grid and receive credit or payment from the utility companies for their generation.

How can I start using solar in New York?

SunPower is a global leader in solar innovation. For more than three decades, we have delivered long-term sustainable solar energy systems to homeowners and businesses around the world. Discover what solar power can do for you by contacting your local office today.

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