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    Is solar worth it in New York?

    Energy CostsNovember 5, 20263 min readEnergy Company team

    Yes. New York's average residential rate was 28.65 cents per kWh in August 2026, up from 26.64 cents a year earlier, and net metering still credits exports at the full retail rate. The state's 25% solar credit, up to $5,000, also applies to leases and PPAs of 10 years or more.

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    Written by Energy Company team

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    Frequently asked questions

    Are New York electricity rates going up?
    Con Edison rates rise 3.6%, 3.3% and 3.2% for 2026 to 2028, National Grid upstate rose 11.51% in year one, and NYSEG and RG&E requests are pending with staff estimates of 23.7% and 26%.
    Does New York still have net metering?
    Yes. Net metering credits exports at the full retail rate, with a monthly CBC charge.
    Does the New York solar credit work with an Energy Plan?
    New York's solar equipment credit is 25%, up to $5,000, and leases and PPAs of 10 years or more qualify.

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