Solar Panels for creating home electricity have come a long way. They are cheaper and last longer than before.

Photovoltaic systems now have expected lifetimes of 20 years and more, with manufacturers offering system and individual component warranties. Contractors are also offering warranties on installation and extended service agreements.

Photovoltaic Price Per Kilowatt

Even in the absence of additional financial incentives, photovoltaic systems are currently available in the market place for between $5,000 and $10,000 per kilowatt. For a 4 kW residential package system, it is not unusual to see bids in the range of between $28,000 and $40,000, completely installed and operational.

Available systems include photovoltaic roofing shingles and stand-alone modules in a wide variety of configurations.

Financial incentives such as low interest loans, federal and state tax credits, grants, special utility incentives, and technical assistance are available to help offset the cost of purchasing and installing photovoltaic systems.

These incentives vary from state to state and from region to region. The Database of State Incentives for Renewable Energy, available at http://www.dsireusa.org/, is an excellent resource for learning about incentives available in your area.

In NY the incentives are very good. NYCERTA governs those regulations.

It is becoming more and more attractive to install solar in NY homes.