13 Best Solar Companies in Manhattan, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Manhattan

The cost of installing solar panels has decreased significantly in the past several years, but it's still a substantial investment for most homeowners. There are several factors you should take into consideration when determining how much it will cost and how much you can save, including:

• Average daily sunlight: Since Manhattan gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.
• Your household's power bills: Because of fairly high monthly electric bills in Manhattan, you could save about $1,300 a year with solar.
• Electricity consumption: The average home in Manhattan doesn't use much energy, and as a result may not see as many savings on their power bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $32,000 over 20 years with your solar panels, too.

Solar is a profitable investment for most homeowners. You can generate your own power instead of paying for it from a utility company and take advantage of solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Manhattan

Although solar power is typically a big investment, it can save you much money over the lifespan of your solar panels due to reduced energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local rebates and benefits. Our article on solar incentives goes over more information on the incentives you can take advantage of in Manhattan.

Environmental Impact of Switching to Solar in Manhattan

Lots of people want to do what they can to help save the planet, which for many is the main motivation to install a solar system. Something many people might be thinking about is how much can they really help protect the environment by switching to solar power anyway? The average person has a considerable carbon footprint. Between their car, which produces over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to think about what to do. Going solar is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.