The incentive program might be a little tricky to grasp for all the good it provides. That’s why we’ve broken down all you must learn about the home Megawatt Block incentive, such as how it works and, even better-how much you may save.

Con Edison Megawatt Block Incentives

Currently, residents of the Con Edison service area are qualified for a Megawatt Block incentive rate of $0.20 per installed watt of solar power. That’s an incentive of $1,400 for a solar project at 7 kW, or 7,000 watts, in size.

A 7 kW system in New York would cost just above $20,000, excluding any incentives taken into account due to the average cost of solar in the state being around $2.86 per watt. Once you get the Megawatt Block, the total system cost would fall to $18,600.

Upstate Megawatt Block 

Homeowners getting solar projects in the Upstate region can get $0.40 for every watt of solar installation through Megawatt Block. For a 7 kW system, the Upstate solar incentive you can get would be $2,800. The Upstate region is any part of the state that isn’t covered by Long Island or serviced by Con Edison.

A $20,000 7 kW solar installation in the Upstate would cost $17,200 with the incentive.

Like with Con Edison, the Upstate solar incentive is in the last stage of the application and will conclude once 40,000 kW of residential solar projects have been installed in the specified area. Currently, approximately 9,000 kW have already been installed in this block of the project.

Long Island Megawatt Block

The Long Island Megawatt Block program has recently ended. Solar panel systems installed on Long Island can no longer apply for incentive through the Megawatt Block Program.

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