13 Best Solar Companies in Manhattan, NY (Jul 2022 Review)

The Cost and Benefits of Solar in Manhattan

For lots of homeowners, the decision to invest in solar energy comes down to the cost. There are quite a few factors you should consider when trying to figure out how much it will cost and how much you can save, including:

• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can benefit from. Plus, you can save about $32,000 over 20 years on your utility bills, before factoring in incentives.
• System size and type: Some models are more pricy than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Your current electricity bills: Solar panels can greatly lower, or completely eliminate, your utility bills. In Manhattan, you can save an average of $111 a month.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Manhattan

There are many reasons why going solar is a great investment. One of them involves some government incentives that can save you money. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 26% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. The table below lists out the incentives you can find in Manhattan.

Environmental Impact of Switching to Solar in Manhattan

Lots of people want to do what they can to help protect the planet, which for many is the chief motivation to install solar panels. But how much can installing solar panels actually affect the environment? The average person has a rather large carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to think about what to do. Going solar is a simple thing you can do to help. If you go solar, your carbon emissions can be cut by about 50 pounds every year. Since solar energy is plentiful and makes electricity without CO2 emissions, installing solar panels is one easy step you can take to help protect the environment.