Pricing
Cash Example:
Buying a solar system upfront (cash) can range from $20,000 to $100,000, coming in at around $40,000 – $44,000 for an average home using 10,000 kwh of electricity per year in the tri-state region (NY, NJ, CT).
Costs vary based on sunlight conditions:
Finance Example:
Although financing solar was once popular due to low interest rates, the landscape has changed. Initial monthly payments may seem higher, but they remain fixed while electricity rates rise annually. For an average 10,000 kwh usage home:
Costs vary based on sunlight conditions:
PPA Example:
(Power Purchase Agreement)
PPA offers simplicity and more immediate savings, with homeowners purchasing solar power at a lower cost than utility power:
Costs vary based on sunlight conditions:
- Less than ideal (e.g., shaded roofs): 26-30 panel system = $45,000 – $50,000 before incentives / $25,000 – $30,000 after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = $40,000 – $44,000 before incentives / $20,000 – $25,000 after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system $35,000 – $39,000 before incentives / $18,000 – $20,000 after incentives*
The average break even point in the tri-state region (NY, NJ, CT) is 7-9 years with electric rates rising about 6-8% annually.
If you find yourself in the higher end of the price range, don’t fret, it will still make sense financially and be much more of a cost effective option than traditional utility. Please read our blog here that explains how purchasing a solar system cash can be one of the best investments for your home. I also explain break even periods and return on investment (ROI)
*Please note that the total cost of your solar installation may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize your potential savings.
- Less than ideal (e.g., shaded roofs): 26-30 panel system = Approx $200/mo solar payment after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = Approx $160/mo solar payment after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system = Approx $130/mo solar payment after incentives*
If you find yourself in the higher end of the price range, don’t fret, it will still make sense financially and be much more of a cost effective option than traditional utility. Please read our blog here that explains why having an upside down monthly solar payment may still be financially beneficial.
*Please note that the monthly finance payment may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize your potential savings.
- Less than ideal (e.g., shaded roofs): 26-30 panel system = Approx $135/mo solar payment after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = Approx $120/mo solar payment after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system = Approx $105/mo solar payment after incentives*
*Please note that the monthly PPA payment may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize
Cash Example:
Buying a solar system upfront (cash) can range from $20,000 to $100,000, coming in at around $40,000 – $44,000 for an average home using 10,000 kwh of electricity per year in the tri-state region (NY, NJ, CT).
Costs vary based on sunlight conditions:
- Less than ideal (e.g., shaded roofs): 26-30 panel system = $45,000 – $50,000 before incentives / $25,000 – $30,000 after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = $40,000 – $44,000 before incentives / $20,000 – $25,000 after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system $35,000 – $39,000 before incentives / $18,000 – $20,000 after incentives*
The average break even point in the tri-state region (NY, NJ, CT) is 7-9 years with electric rates rising about 6-8% annually.
If you find yourself in the higher end of the price range, don’t fret, it will still make sense financially and be much more of a cost effective option than traditional utility. Please read our blog here that explains how purchasing a solar system cash can be one of the best investments for your home. I also explain break even periods and return on investment (ROI)
*Please note that the total cost of your solar installation may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize your potential savings.
Finance Example:
Although financing solar was once popular due to low interest rates, the landscape has changed. Initial monthly payments may seem higher, but they remain fixed while electricity rates rise annually. For an average 10,000 kwh usage home:
Costs vary based on sunlight conditions:
- Less than ideal (e.g., shaded roofs): 26-30 panel system = Approx $200/mo solar payment after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = Approx $160/mo solar payment after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system = Approx $130/mo solar payment after incentives*
If you find yourself in the higher end of the price range, don’t fret, it will still make sense financially and be much more of a cost effective option than traditional utility. Please read our blog here that explains why having an upside down monthly solar payment may still be financially beneficial.
*Please note that the monthly finance payment may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize your potential savings.
PPA Example:
(Power Purchase Agreement)
PPA offers simplicity and more immediate savings, with homeowners purchasing solar power at a lower cost than utility power:
Costs vary based on sunlight conditions:
- Less than ideal (e.g., shaded roofs): 26-30 panel system = Approx $135/mo solar payment after incentives*
- Ideal (average sunlight and shade): 23-25 panel system = Approx $120/mo solar payment after incentives*
- Excellent (little shade, optimal orientation): 20-22 panel system = Approx $105/mo solar payment after incentives*
*Please note that the monthly PPA payment may vary depending on when you authorize your utility interconnection documents. State incentives for solar are time-sensitive and are subject to change, with incentives consistently decreasing over time. We recommend consulting with a solar expert to understand the current incentive landscape and maximize
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Pricing
$75
Average Electric Bill
Solar System Size
5kW
$24,690
Cost Before Incentives
Federal Tax Credit
$7,407
$17,283
Cost After Tax Credit
25 Year Savings
(factoring in state incentives)
$39,691
$75
Average Electric Bill
5kW
Solar System Size
$24,690
Cost Before Incentives
$7,407
Federal Tax Credit
$17,283
Cost After Tax Credit
$39,691
25 Year Savings
(factoring in state incentives)
Pricing
$100
Average Electric Bill
Solar System Size
10kW
$44,290
Cost Before Incentives
Federal Tax Credit
$13,287
$31,003
Cost After Tax Credit
25 Year Savings
(factoring in state incentives)
$69,659
$100
Average Electric Bill
10kW
Solar System Size
$44,290
Cost Before Incentives
$13,287
Federal Tax Credit
$31,003
Cost After Tax Credit
$69,659
25 Year Savings
(factoring in state incentives)
Pricing
$300
Average Electric Bill
Solar System Size
18kW
$72,490
Cost Before Incentives
Federal Tax Credit
$21,747
$50,743
Cost After Tax Credit
25 Year Savings
(factoring in state incentives)
$153,408
$300
Average Electric Bill
18kW
Solar System Size
$72,490
Cost Before Incentives
$21,747
Federal Tax Credit
$50,743
Cost After Tax Credit
$153,408
25 Year Savings
(factoring in state incentives)
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