14 Best Solar Companies in New York City, NY (Nov 2022 Review)

The Cost and Benefits of Solar in New York City

When deciding on a solar company, most homeowners or business owners think about the costs the most. Some key things that impact the upfront cost and potential savings over time include:

• Electricity consumption: The average household in New York City doesn't use much energy, and consequently may not see as many savings on their power bills.
• Your power bills: This will impact your savings. In New York City, the average homeowner can save about $1,300 a year on their electricity bills.
• Whether or not your roof gets a lot of direct sunlight: This, and the configuration of your roof, affects affect how much power your solar panels can generate.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can lead to an average of $32,000 of savings over 20 years.

Solar is a valuable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in New York City

Since solar power is a cleaner source of energy than burning fossil fuels, there are several government incentives available to encourage people to make the switch. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can use to further save. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in New York City

Switching to solar energy can have a meaningful effect on the environment. But you may be curious — how much exactly can you help the environment by going solar? In a city like New York City where commute times can be very long, going solar can help offset some of your carbon dioxide emissions from driving. Even though making solar panels emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In New York City, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, using solar power has so many other rewards beyond saving money. One of the most important ones is that you can help save the Earth too.