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

The Cost and Benefits of Solar in Manhattan

Although solar panels can help save you money on energy bills over time, it's necessary to take into consideration the startup costs. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• Incentives: Those who buy and install a solar system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $32,000 on your utility bills over 20 years not including incentives.
• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panels you're thinking of getting: More efficient panels are more expensive, so that will shape your budget for your solar project.
• Electricity consumption: The average home in Manhattan doesn't use much energy, and so may not see as many savings on their power bills.

Solar is a fruitful investment for most homeowners. You can generate your own electricity instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping the Earth.

Solar Incentives in Manhattan

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% 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 state and city incentives that can save you some extra money too. Our article on solar incentives has more in-depth information on the incentives you can find in Manhattan.

Environmental Impact of Switching to Solar in Manhattan

There are lots of reasons to make the switch to solar power, like saving money on utility bills and helping to lower your carbon footprint. Something many people might be asking themselves is how much can they really help the environment by going solar anyway? Switching to clean energy for electricity instead of using nonrenewable energy is an impactful way to lower your carbon footprint if you want to help reduce Manhattan's fair level of greenhouse gas emissions. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. As you can see, investing in solar has so many other benefits outside of saving money. One of the main ones is that you can help save the environment too.