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Solar Is Worth More on Long Island Than Anywhere Else in U.S.

  • California solar is cheaper because there’s so much capacity
  • High New York power prices mean more money despite less sun
SunPower solar

Photographer: David Paul Morris/Bloomberg

The best place to generate cash from a solar farm in the U.S. isn’t California or sunny Florida -- it’s Long Island.

While New York ranks 11th in the country in terms of solar capacity, photovoltaic power there can sell for more than anywhere else in the continental U.S., according to a report Thursday from Bloomberg NEF. Last year, solar in New York City and Long Island earned an average of about $45 a megawatt-hour, compared with as little as $15 a megawatt-hour in Southern California, according to the report.