Solar panels on the wall in New York USA

Do solar panels increase the value of a home in New York?

In addition to electricity savings, solar and battery storage can increase the value of your home – especially in New York State. Data analysis by Zillow found that homes with solar panels in New York City sell for 5.4% more than comparable homes without them.

How much do solar panels cost in New York?

The biggest hurdle to solar and battery is the sticker price, especially in New York where homeowners need more panels to get the same production as sunnier states. Even after applying state and federal incentives, a typical solar-only project costs between $10,000 to $20,000, and not everybody has that kind of cash lying around.

Should you go solar in New York?

Skyscrapers and solar panels don''t usually go hand in hand, but you''ll find plenty of both in New York. With high electricity prices and some of the best solar incentives in the country, going solar in New York is a no-brainer. If you have the right roof, solar makes sense in almost every scenario: It will save you thousands of dollars over time.

How long do solar panels last in New York?

That''s why over 58,000 New York homeowners have used EnergySage to receive and compare quotes for solar installations. You can expect to earn back your initial solar investment through electricity savings in about 8.18 years, while most systems last at least 25 years.