⚡ WattPrice

Electricity Costs in New York City, New York (2026)

New York City households pay New York’s statewide average residential rate of 29.45¢/kWh (April 2026), served primarily by Con Edison. Below: exact operating costs for the appliances and vehicles most likely to be on your bill, plus solar payback specific to New York City’s latitude.

Rate (April 2026)29.45¢
Typical monthly bill$263
Annual bill$3,156

Based on the EIA U.S. average household consumption of 893 kWh/month. Actual New York City usage varies with climate — Sun Belt cities like Phoenix or Houston average 1,200-1,500 kWh/month; mild-climate cities like San Francisco or Seattle average 400-600 kWh/month.

Top appliance costs in New York City

Each of the biggest household electric loads, at New York City’s rate:

ApplianceAnnual costSee full calculator
Electric Water Heater$1,451Details →
Tankless Electric Water Heater$1,354Details →
Level 2 EV Charger$1,262Details →
Central Air Conditioner$990Details →
Hot Tub$967Details →
Pool Pump$636Details →
Heat Pump (whole-home)$618Details →
Portable Air Conditioner$368Details →

EV charging cost in New York City

Home Level 2 charging costs for popular EVs, at New York City’s residential rate:

EVAnnual home charging costFull breakdown
Tesla Model 3 Long Range$982Details →
Tesla Model Y Long Range$1,061Details →
Tesla Model S$1,122Details →
Tesla Model X$1,309Details →

Solar in New York City

A typical 6 kW rooftop solar system in New York City costs about $19,800 gross ($3.30/W New York state avg), $13,860 after the 30% federal tax credit. Estimated annual savings: $1,912. Payback: 7.3 years.

Full New York solar payback analysis → · Are solar panels worth it in New York? →

Installation costs in New York City

Typical gross install costs for major home energy upgrades, at New York averages (New York City may run ±15%):

  • Central AC (3-ton): ~$7,300 — by state
  • Heat pump (whole-home): ~$13,500 — by state
  • Heat pump water heater: ~$4,300 — by state
  • Rooftop solar (6 kW): ~$19,800.0 — by state

About New York City electricity

Primary utility: Con Edison. Rate data on this page uses the EIA New York residential state average. Your actual utility bill may include time-of-use pricing, tiered rates, or monthly service fees on top of the per-kWh energy charge.

See also