The economy of the State of New York is reflected in its gross state product in 2022 of $2.053 trillion, ranking third in size behind the larger states of California and Texas. If New York State were an independent nation, it would rank as the 10th largest economy in the world. However, in 2019, the multi-state, New York City-centered metropolitan statistical area produced a gross metropolitan product (GMP) of $US2.0 trillion, ranking first nationally by a wide margin and would also rank as the 10th largest GDP in the world.
Financial incentives for photovoltaics are incentives offered to electricity consumers to install and operate solar-electric generating systems, also known as photovoltaics (PV).
Solar power includes solar farms as well as local distributed generation, mostly on rooftops and increasingly from community solar arrays. In 2022, utility-scale solar power generated 145.6 terawatt-hours (TWh), or 3.4% of electricity in the United States. Total solar generation that year, including estimated small-scale photovoltaic generation, was 204 TWh.
New Jersey has over 4,100 MW of install solar power capacity as of mid-2022, which provides 6.7% of the state's electricity consumption. The's state's growth of solar power is aided by a renewable portfolio standard that requires that 22.5% of New Jersey's electricity come from renewable resources by 2021 and 50% by 2030, by incentives provided for generation of solar power, and by one of the most favorable net metering standards in the country, allowing customers of any size array to use net metering, although generation may not exceed annual demand. As of 2018, New Jersey has the sixth-largest installed solar capacity of all U.S. states and the largest installed solar capacity of the Northeastern States.
The energy sector in Hawaii has rapidly adopted solar power due to the high costs of electricity, and good solar resources, and has one of the highest per capita rates of solar power in the United States. Hawaii's imported energy costs, mostly for imported petroleum and coal, are three to four times higher than the mainland, so Hawaii has motivation to become one of the highest users of solar energy. Hawaii was the first state in the United States to reach grid parity for photovoltaics. Its tropical location provides abundant ambient energy.
Solar power has been growing in the U.S. state of Oregon in recent years due to new technological improvements and a variety of regulatory actions and financial incentives enacted by the state government.
Solar power in Massachusetts has been increasing rapidly, due to Section 1603 grants for installations that began before December 31, 2011, and the sale of SRECs for $0.30/kWh, which allows payback for the system within 5 or 6 years, and generates income for the life of the system. For systems installed after December 31, 2011, and before December 31, 2016, the 30% tax grant becomes a 30% tax credit. There has been an appeal to the Congress to extend the 1603 program, the grant program, for an additional year.
As of the first quarter of 2023, Washington State has 604 MW of solar power electricity generation. This is an increase from about 300 MW in 2021 and 27 MW in 2013.
Solar power in Rhode Island has become economical due to new technological improvements and a variety of regulatory actions and financial incentives, particularly a 30% federal tax credit, available through 2016, for any size project. A typical residential installation could pay for itself in utility bill savings in 14 years, and generate a profit for the remainder of its 25 year life. Larger systems, from 10 kW to 5 MW, receive a feed-in tariff of up to 33.45¢/kWh.
Solar power in Indiana has been growing in recent years due to new technological improvements and a variety of regulatory actions and financial incentives, particularly a 30% federal tax credit for any size project.
Solar power in Iowa is limited but growing, with 137 megawatts (MW) installed by the end of 2019 and 27 MW installed during that year, ranking the state 40th among U.S. states. Iowa also generated 0.23% of the state's total electricity production in 2019 from solar energy; an amount sufficient to power over 17,000 Iowa homes. The state's early position as a major wind-power provider may have limited early large-scale solar investment.
Solar power in Maine on rooftops, utilizing 6,300 megawatts (MW) of solar panels, can provide 60% of the electricity used in Maine according to a 2016 U.S. Department of Energy study. Maine and Vermont are tied for the second highest rooftop solar potential in the country, only behind the state of California. A 2020 estimate suggests that a typical 5.6 kilowatt (kW) residential system will pay for itself in 6-7 years and generate a profit of $45,000 over the rest of its 25-year life from the tax credits and utility savings.
Solar power in Alabama on rooftops could theoretically provide 29.8% of all electricity used in Alabama, with 20,400 MW of solar panels potentially installed on rooftops.
Solar power in Georgia on rooftops can provide 31% of all electricity used in Georgia.
Solar power in Maryland is supported by the state's legislation regarding the Renewable Portfolio Standard and Solar Renewable Energy Credit (SREC) program. The target for renewable energy as of 2017 is 20% by 2020, including 2% from solar power.
Solar power in Idaho comprised 550 MW in 2019. A 2016 report by the National Renewable Energy Laboratory estimated that rooftops alone have the potential to host 4,700 MW of solar panels, and thus provide 26.4% of all electricity used in Idaho. A large increase in the state's solar generating capacity began starting year 2015 when 461 MW of solar power was contracted to be built in Idaho.
Solar power in New Hampshire provides a small percentage of the state's electricity. State renewable requirements and declining prices have led to some installations. Photovoltaics on rooftops can provide 53.4% of all electricity used in New Hampshire, from 5,300 MW of solar panels, and 72% of the electricity used in Concord, New Hampshire. A 2016 estimate suggests that a typical 5 kW system costing $25,000 before credits and utility savings will pay for itself in 9 years, and generate a profit of $34,196 over the rest of its 25-year life. A loan or lease provides a net savings each year, including the first year. New Hampshire has a rebate program which pays $0.75/W for residential systems up to 5 kW, for up to 50% of the system cost, up to $3,750. However, New Hampshire's solar installation lagged behind nearby states such as Vermont and New York, which in 2013 had 10 times and 25 times more solar, respectively.
Solar power in Vermont provides almost 11% of the state's in-state electricity production as of 2018. A 2009 study indicated that distributed solar on rooftops can provide 18% of all electricity used in Vermont. A 2012 estimate suggests that a typical 5 kW system costing $25,000 before credits and utility savings will pay for itself in 10 years, and generate a profit of $34,956 over the rest of its 25-year life.
Solar power in Virginia on rooftops is estimated to be capable of providing 32.4% of electricity used in Virginia using 28,500 MW of solar panels. Installing solar panels provides a 6.8% return on investment in Virginia, and a 5 kW array would return a profit of $16,041 over its 25 year life.
Solar power in Delaware is small industry. Delaware had 150 MW of total installed capacity in 2020. The largest solar farms in the state included the 10 MW Dover Sun Park and the 12 MW Milford Solar Farm.
