As of January 2025, the average solar panel system costs $2.92/W including installation in New York. For a 5 kW installation, this comes out to about $14,608 before incentives, though prices range from $12,417 to $16,799. After the federal tax credit, the average price drops by 30%. You''ll probably pay even less than what we show here.
You''ll pay an average of $14,608 to install a 5 kilowatt solar panel system in New York, before incentives. The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs. Why trust EnergySage? As subject matter experts, we provide only objective information.
This is higher than the average price of residential solar power systems across the United States, which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations typically have a lower cost per watt because the panels can be purchased at a ‘bulk price.’
Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates. What affects the cost of solar panels in New York?
Our photovoltaic systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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How much do solar panels cost in the average house in New York ? As of 2025, the average cost of solar panels per watt in New York is $3.30 per watt.
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