Solar Panel Cost in Syracuse, NY
Updated 2026 guide to solar panel prices, savings, and payback period in Syracuse.
Estimated Solar Savings
Solar Panel System Costs in Syracuse, NY
Below are estimated costs for different solar panel system sizes in Syracuse, including the 30% federal solar tax credit.
| System Size | Cost Before Incentives | Federal Tax Credit (30%) | Net Cost | Est. Annual Production |
|---|---|---|---|---|
| 4 kW | $12,400 | -$3,720 | $8,680 | 5,256 kWh |
| 6 kWMost Popular | $18,600 | -$5,580 | $13,020 | 7,884 kWh |
| 8 kW | $24,800 | -$7,440 | $17,360 | 10,512 kWh |
| 10 kW | $31,000 | -$9,300 | $21,700 | 13,140 kWh |
| 12 kW | $37,200 | -$11,160 | $26,040 | 15,768 kWh |
What Affects Solar Panel Cost in Syracuse?
The average cost of solar panels in Syracuse, NY is approximately $310/watt before incentives. For a typical 6kW residential system, that means a total cost of about $18,600 before the federal tax credit.
After applying the 30% federal Investment Tax Credit (ITC), your net cost drops to approximately $13,020.Syracuse homeowners typically see a payback period of 7 years and save an estimated $40,000 over 25 years.
Factors that affect your cost in Syracuse:
- System size: Larger systems cost more but have a lower cost per watt
- Equipment quality: Premium panels and inverters cost more but offer better efficiency
- Roof complexity: Steep roofs, multiple levels, or shading can increase installation costs
- Local labor rates: Installation costs vary within the Syracuse metro area
- Local permits: Permitting costs and requirements vary by municipality in Syracuse
- Incentives: State and local programs can significantly reduce your out-of-pocket cost
Solar Incentives Available in Syracuse
Federal Solar Investment Tax Credit
30% Federal Tax Credit (ITC)
New York homeowners can combine the 30% federal ITC with generous state incentives through the NY-Sun program.
State & Local Incentives
NY-Sun Megawatt Block Incentive
RebateNYSERDA provides upfront cash incentives through the NY-Sun program based on system size and location.
New York State Tax Credit
Tax CreditNew York offers a state income tax credit for residential solar installations.
Sales Tax Exemption
Sales TaxSolar energy systems are exempt from the state's 4% sales tax. Many localities also exempt from local sales tax.
Property Tax Exemption
Property TaxNew York exempts the added value of solar installations from property taxes for 15 years.
Solar Energy System Equipment Credit
Tax CreditAdditional state tax credit for solar energy system equipment costs.
Net Metering
New York is transitioning to a Value of Distributed Energy Resources (VDER) system. Residential customers under 25 kW can still access traditional net metering in most utility territories.
AvailableSRECs
New York generates NY-Sun incentives rather than traditional SRECs. The state's Clean Energy Standard and Value Stack tariff provide ongoing compensation for solar production.
Est. Value: Value Stack credits vary by utility territory
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Solar Panel Cost FAQ - Syracuse, NY
The average cost of solar panels in Syracuse is approximately $3.10 per watt before incentives. A typical 6kW residential system costs about $18,600 before the 30% federal tax credit, bringing the net cost to around $13,020.
The typical payback period for solar panels in Syracuse is approximately 7 years. After that, you'll enjoy free electricity for the remaining 15-20+ years of your system's life, saving an estimated $40,000 over 25 years.
Syracuse homeowners can take advantage of the 30% federal solar tax credit, which reduces your system cost by 30%. New York also offers net metering, SRECs, and various state-level incentive programs. Check our incentives page for the complete list.
Syracuse homeowners can save an estimated $40,000 over 25 years by going solar. Actual savings depend on your electricity usage, system size, roof orientation, and available incentives. With electricity rates averaging $0.21/kWh in New York, solar provides significant long-term savings.
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