$220
870 kWh
460 lbs
Average solar panel installation
$25,039Federal Incentives
$7,512Total
$17,527
Average monthly bill without solar
$220Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $25,039. We calculated this because we think your electricity usage for the year is about 10440 kWh, and a 7.47 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.68/W, which we get from Tracking The Sun.
The current electricity costs for Long Island Power Authority are 25¢/kWh. So, by replacing 100% of your usage, you’ll save $2,641 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 9.48 years. If the costs of Long Island Power Authority electricity rise 3%, then your savings will pay for your solar system in 9.20 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 1030 kWh in July, to a low of 570 kWh in December. For the entire year, we estimate that your 7.47 kW sized system would produce 10440 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $7,512. You may also be eligible for a state tax credit of $5,000, from the state of New York. The state of New York generally uses Full Retail Rate and Value Stack Rate for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Full Retail Rate and Value Stack Rate for the extra electricity.
From Department of Energy Data, it looks like 67 homes have installed solar panels in your zip code, 11755. In your city, Lake Grove, 71 homes have installed solar panels. And in the state of New York, 18,786 homes have installed solar panels.
There are 17 solar installers that operate in New York. WattBuy recommends EnergyPal EX, RGR Marketing, EnergyPal NX, Solar America, Modernize, and EnergySage.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.