18 Best Solar Companies in Lynwood, CA (Mar 2023 Review)

The Cost and Benefits of Solar in Lynwood

The cost of putting up a solar panel system has gone down greatly over the past several years, but it's still a substantial investment for most homeowners. Some important factors that determine how much it will cost to install solar panels on your home and how much money you could save over time include:

• How much you spend on energy: If your local utility rates are high, there's a better chance you'll have a higher return on your investment in a solar system. In Lynwood, you can save an average of $66 a month on your electricity bills.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets lots of sunlight.
• How much energy your home consumes: Homes that use a lot of energy each month may call for more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $27,000 over 20 years on your energy bills.

So are solar panels worth it? Whether you want to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Lynwood homeowners.

Solar Incentives in Lynwood

Although installing solar panels is typically a big investment, it can save you a significant amount of money over many years due to reduced energy bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city incentives. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lynwood

One of the best reasons to adopt solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are destructive for the environment. You may be asking yourself — how much does making the switch help the environment anyway? An important thing to be mindful of is your overall carbon footprint. For example, if you have a long commute, your footprint may be larger, so switching to solar energy for your home can help offset that. When you go solar, your carbon footprint can be cut by about 50 pounds a year. For people who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.