Is it worth going solar in NY? Solar panels provide more value where energy consumption or energy rates are high. New Yorkers use less electricity than most US residents, but they pay significantly higher prices for the electricity they use. As such, solar is quite valuable in New York and considered a great investment.
Is it worth the cost to go solar? Not only is solar power good for the environment, but you can earn money selling back excess power to the grid. While costs have come down over the past years, installation and maintenance of solar panels can be quite expensive. Solar panels are best suited for homes that receive ample sun exposure throughout the year.
Do solar panels increase home value in New York? However, solar premiums can vary within state lines. While the solar premium for the state of Florida is 4%, it increases to 4.6% in Orlando, Florida. In New York City the solar premium is 1.8% more than it is statewide, which translates to $23,989 more in value for the typical home in New York.
How much do solar panels cost in upstate New York? How much do solar panels cost in New York + Long Island? The cost of an average solar system on Long Island or in New York City ranges between $10,000 and $25,000. On a cost per watt basis, it ranges between $2.92 to $4.20 per watt.