18 Best Solar Companies in The Bronx, NY (Mar 2023 Review)

The Cost and Benefits of Solar in The Bronx

The cost of putting up a solar panel system has decreased immensely over the past few years, but it's still a significant investment for most homeowners. The cost and possible savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Additionally, you can save about $33,000 over 20 years on your utility bills, before factoring in incentives.
• 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.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much energy your solar panels can make.

There are many good benefits of solar in spite of the initial cost of installation. It can help the environment and your finances. In addition, it can boost the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in The Bronx

Although solar power is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years because of reduced energy bills and government incentives. These incentives usually take the form of cash rebates, tax breaks and/or performance-based incentives. They can reduce the cost of going solar by 30%, upwards of 50% depending on your location. In our article on solar incentives, you can read about the incentives you qualify for in The Bronx.

Environmental Impact of Switching to Solar in The Bronx

One of the reasons so many are considering installing solar panels is to help reduce their environmental impact. But how much can installing solar panels actually affect the environment? Something that can drastically affect your carbon footprint is how long your commute is and how much you drive overall. If you go solar and have an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In The Bronx, you can reduce your carbon footprint by 50 pounds a year with solar panels. If you care about the environment, you'll most likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.