18 Best Solar Companies in The Bronx, NY (Aug 2022 Review)

The Cost and Benefits of Solar in The Bronx

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to set up your panels. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The kind of solar panel system you can afford: This hinges on how much you're willing to spend upfront.
• Electricity consumption: The average household in The Bronx doesn't use much energy, and consequently may not see as many savings on their power bills.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 26% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $33,000 over 20 years on your energy bills.
• Your home's orientation toward the sun: This, along with how your roof is set up, affects affect how much energy your solar panels can make.

There are lots of great benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in The Bronx

If you're planning on making the switch to solar energy, a number of government incentives and tax credits can dramatically lower the installation costs and expedite the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 26% of your project costs when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. The table below lets you know about the incentives you can benefit from in The Bronx.

Environmental Impact of Switching to Solar in The Bronx

There are a few key reasons why many people are considering solar energy: to help their wallet and the environment. You may be asking yourself — how much does making the switch help the environment anyway? In a place like The Bronx where commute times can be very long, going solar can help offset some of your carbon dioxide emissions from driving a lot. Although making solar panels releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In The Bronx, you can reduce your carbon footprint by 50 pounds a year with solar panels. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.