Solar Panels in Yonkers, NY: Con Edison's High Rates, the 20-Year Net Metering Lock, and Westchester County Solar

Yonkers sits in Westchester County and is served by Consolidated Edison — the same utility as New York City, and the utility with the highest residential electricity rates of any in the New York dataset. Con Edison’s residential rate runs approximately 26–30¢ per kilowatt-hour in 2026, significantly above National Grid’s upstate rate and among the highest of any investor-owned utility serving major American cities. At that rate, the financial case for solar is stronger per kilowatt-hour produced than almost anywhere in this dataset. New York’s full incentive stack applies: 25% state income tax credit (up to $5,000), sales tax exemption, the 15-year property tax exemption (Yonkers is one of New York’s five largest upstate cities where the exemption applies automatically without municipal opt-in), and Phase One net metering locked in for 20 years. Con Edison’s monthly CBC charge runs approximately $20–$30 per month for typical residential systems — higher in absolute terms than National Grid’s but still a minor portion of total solar savings at Con Ed rates.

Con Edison Net Metering in Yonkers: High Rates, 20-Year Lock, and the CBC Charge

Con Edison serves Yonkers and Westchester County under the same rate schedule as New York City — one of the most expensive electricity markets in the country. At approximately 26–30¢ per kilowatt-hour, every kilowatt-hour a Yonkers solar system produces and offsets through self-consumption or net metering credit is worth roughly twice what it would be worth to a National Grid customer in Albany or Syracuse. Phase One net metering credits every exported kilowatt-hour at the current Con Edison retail rate, with credits rolling forward month-to-month through the 12-month billing cycle. The 20-year interconnection lock is the same for Con Edison as for National Grid: a system interconnected in 2026 retains Phase One’s favorable credit structure through approximately 2046.

Con Edison’s Customer Benefit Contribution charge runs approximately $20–$30 per month for a typical Yonkers residential system — higher in absolute dollar terms than National Grid’s $0.97/kW/month charge, and non-bypassable by solar credits. On a 6kW system at Con Edison’s mid-range CBC, this is roughly $25/month or $300/year. At Con Ed’s high rates, the annual solar savings on that same 6kW system far exceed the CBC cost, but the charge should be included in financial projections. NYSERDA’s battery storage rebate is $250 per kilowatt-hour in the Con Edison territory — higher than the $200/kWh upstate rate, reflecting the greater value of storage at Con Ed’s peak rates. On a 13.5kWh Tesla Powerwall, that’s $3,375 upfront.

Westchester County Solar: Yonkers' Housing Stock, Property Tax Exemption, and Urban Considerations

Yonkers’ position as New York State’s fourth-largest city — bordering the Bronx and serving as Westchester County’s urban core — creates a housing profile that mixes dense urban multifamily blocks with the single-family suburban neighborhoods that make rooftop solar practical. The Nodine Hill, Dunwoodie, Homefield, and Colonial Heights neighborhoods have concentrations of owner-occupied single-family and two-family homes with rooftops suitable for solar. Denser areas near Getty Square and the waterfront are predominantly multifamily rental stock where individual rooftop access is limited. Yonkers homeowners in suitable properties benefit from one of New York’s most favorable property tax circumstances for solar: as one of the five largest upstate cities, Yonkers is included in the statutory category where the 15-year property tax exemption applies automatically — homeowners still file Form RP-487, but they do not need to worry about municipal opt-in status the way Albany or Syracuse homeowners do. The added solar value is excluded from assessed value for 15 years from the date of installation.

Con Edison’s interconnection process for Westchester County has historically been more complex than National Grid’s upstate process, with application review times varying based on local grid capacity. Some Westchester homeowners have encountered 3–5 month interconnection timelines. Choose an installer with specific Con Edison Westchester interconnection experience to minimize delays.

What does solar cost in Yonkers, and what is the realistic payback at Con Ed rates?

Westchester County solar installations typically run $3.00–$3.60 per watt — above upstate New York pricing, reflecting the New York metro area’s higher labor costs. A typical Yonkers system of 6kW–9kW costs approximately $18,000–$32,400 before incentives. After New York’s 25% state tax credit (up to $5,000), NY-Sun rebate where available in Con Edison territory, and sales tax exemption (approximately $1,100–$2,000), effective cash-purchase cost runs approximately $11,000–$24,400. At Con Edison’s approximately 26–30¢ rate, payback runs approximately 7–9 years for cash purchases — faster than upstate markets at equivalent system cost, because each kilowatt-hour produced is worth more at Con Ed’s higher rate. Twenty-five-year savings for Yonkers systems at Con Ed rates are among the higher figures in the New York dataset.

Frequently Asked Questions

Yonkers homeowners still need to file Form RP-487 with the City of Yonkers assessor’s office — the exemption is not applied automatically without an application. What is different from smaller municipalities is that Yonkers, as one of New York’s five largest upstate cities, is included in the statutory class where the municipality cannot opt out of offering the exemption. You don’t need to worry about whether Yonkers has opted in — it has, by law. File RP-487 by the taxable status date (typically January 5) to activate the exemption for the following tax year. The exemption prevents the solar installation’s added assessed value from increasing your annual Yonkers or Westchester County property tax bill for 15 years.
Con Edison’s rate of approximately 26–30¢ per kilowatt-hour is roughly 1.5–1.8 times National Grid’s upstate rate of approximately 17¢ per kilowatt-hour. This rate differential means every kilowatt-hour a Yonkers solar system produces is worth approximately 55–75% more than the same kilowatt-hour produced by a National Grid customer in Albany or Syracuse. The higher rate shortens payback periods and amplifies 25-year savings relative to upstate systems at equivalent cost — a primary reason why Westchester County and the Con Edison service territory consistently show faster solar ROI than upstate New York despite higher per-watt installation costs. The CBC charge is also higher in absolute dollar terms in Con Edison territory, but it is proportionally smaller relative to the larger total savings that Con Ed rates enable.
Yes — New York permits third-party solar ownership. Leases and PPAs are available in Yonkers through major national installers and metro New York regional contractors. The installing company claims the commercial ITC and passes savings through lower monthly rates. For Yonkers homeowners, the primary ownership advantage is New York’s 25% state income tax credit (up to $5,000) and NYSERDA’s NY-Sun rebate — both require direct ownership. At Con Edison’s high rates, the total savings from an owned system are substantial, making the case for ownership particularly strong relative to the lease/PPA savings for homeowners who can benefit from the state credit.
Yonkers sits at the intersection of Westchester County’s suburban market and the New York City metro installer ecosystem. Per-watt installation costs in Yonkers run $3.00–$3.60 per watt — above upstate New York pricing (typically $2.80–$3.30) but potentially below what installers charge for New York City proper (sometimes $3.50–$4.00+). The Westchester market has established regional solar contractors with specific Con Edison interconnection experience, producing meaningful price competition. Con Edison’s interconnection process for Westchester can run 3–5 months — somewhat longer than National Grid upstate — which should be factored into project scheduling.

Not sure how to compare solar companies?

Before contacting installers, read our guide on how to evaluate proposals, warranties, and long-term support.