Is Solar Cheaper in the Long Run?

With constant electricity rate hikes, solar is the cheaper long-term solution for homeowners. Long Island has some of the highest electricity rates in the nation, making solar one of the most valuable investments for your home.

Learn how solar pays off and get your free estimate and cost/benefit analysis today.

How is Solar Cheaper?

Solar is cheaper because it reduces the amount of electricity you buy from the grid. Combined with Net Metering, you will even save during the evenings or on days with low sunlight.

• You will generate your own electricity with solar panels to power your home.
• Reduced grid consumption means you owe less to PSEG Long Island.
• Net Metering in New York helps you earn from the energy you produce. If your panels produce more than you consume, the excess goes to the grid and spins your meter backward.
• When you need to take energy from the grid (nights and days with less sun), your meter spins forward again.
• You still pay for electricity with solar panels, but only the “net” amount of energy consumed. This “net” is the difference between what you consume and what you send to the grid.
• If you end the month with excess, it carries over to the next month. If you end the year with excess, it is paid to you at a wholesale rate.
• Solar generates significant savings, with the average household in New York saving approximately $125 to $140 per month, and more in late spring and summer.
• The best months could see your electric bill reduced to zero. You will only pay a basic hookup fee to maintain your connection to the grid.

The more solar panels you have, the more you save. However, it’s important to balance the cost of the installation with long-term savings. Power Solutions (previously operating as Long Island Power Solutions) will optimize your solar installation to perfectly balance the upfront cost and long-term savings.

In an ideal scenario, you could generate tens of thousands of dollars in savings over the 25-to-30-year lifetime of your solar panels.

Frequently Asked Questions

How Many Solar Panels Would it Take to Run My House?

The average home requires 15 to 20 400-watt solar panels to generate sufficient savings and a return on investment over time.

How Much Would 20 Solar Panels Cost Me?

At an average cost of $2.81 per watt, 20 solar panels would cost around $22,480 to install, before incentives. This is a broad average. You can get a more accurate solar estimate using satellite data here.

If you install your system before December 31^st, 2025, you will be eligible for a 30% Federal Solar Tax Credit. With federal incentives ending this year, now is the best time to get an estimate and begin your solar consultation.

Can You Have Too Many Solar Panels?

Yes, your solar installer will avoid planning a system with too many solar panels. While more panels would generate more energy, too many would significantly increase the cost and you might not be able to recover these, even with Net Metering.

Power Solutions performs detailed calculations based on your average monthly consumption and potential future increases. We will design a solar solution that is cost-efficient, optimized for savings, and ready to support your current and future energy needs.

Your Long Island Solar Installation Can Pay for Itself

Even without incentives, the average home solar installation will pay for itself within the first ten years. Solar is better when your system is carefully planned and installed by an experienced local team on Long Island.

Is it worth going solar in NY? Absolutely! Contact Power Solutions today, and we will help you to claim your energy independence with clean and reliable solar on your rooftop.