According to Forbes, Daniel Neiditch is the president of country’s tallest solar residence in New York City. In his recent contributed article, Neiditch details why he made the crucial decision to install solar on the building and few of the lessons his has learned since. He truly believes “any building under the sun can join the energy revolution” and save money along the way. Check out his advice below.
It's easy to start small, but you don't have to.
I can freely admit that I was somewhat skeptical when I began dipping my toes into solar power for my properties. My first experiment was on top of a four-story building in the Bronx, where I figured it wouldn’t hurt to give a potential new project a try. When I saw the energy savings happen, I knew I shouldn’t waste any time scaling up, and eventually that meant bringing solar to the top of a 45-floor Manhattan luxury high-rise. Just like in real estate, the higher you go, the better the view — only this one looks straight up.
It's cheaper than you think, in both the short term and the long run.
The days of prohibitively expensive solar installations are long over. As the technology improves, the cost of switching to solar becomes lower by the day. Bloomberg New Energy Finance said the same thing, forecasting a drop of 60% in solar prices (registration required) over the next two decades. By 2040, their experts found, solar energy will be cheaper than coal and natural gas in metropolitan regions across the country. You won’t have to wait until then to enjoy the financial benefits, however.
Read more of Neiditch's advice at Forbes.Read More