Solar Pioneer Program
How Much Does a Typical PV System Cost
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Sample Cost for Average 5,200 watt / 5.2 kW PV System: |
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Please note: Installed cost may not reflect actual market price |
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| Installed Cost (assumes $5.80 per watt) | $30,160 |
| LIPA Rebate (at $1.75 per watt) | ($9,100) |
| Cost after Rebate | $21,060 |
| Less 30% Federal Tax Credit | ($6,318) |
| NY State Tax Credit (Lower of 25% or $5,000) | ($5,000) |
| Total Combined Tax Credits | ($11,318) |
| Final Customer Investment | $9,742 |
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Estimated Annual $ Saved |
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| Annual Estimated Savings | $1,297 |
| Based on output 6,620kWh annually at 0.196 cents / kWh rate | |
| Approximate Simple Payback | 7.51 years |
Remember… your PV system will continue to save you money and give you clean, environmentally friendly electricity for many years after it is paid for!
