14 Best Solar Companies in Lynn, MA (Mar 2023 Review)

The Cost and Benefits of Solar in Lynn

We know that for lots of homeowners, the decision to invest in solar comes down to installation costs. There are quite a few factors you should consider when trying to determine the overall cost and how much you can save, including:

• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on power bills than a roof that gets lots of sunlight.
• Your energy bills: This will affect your savings. In Lynn, the average homeowner can save about $1,000 a year on their electricity bills.
• The model of solar panels you want: Some are more highly priced, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. In addition, you can save about $22,000 over 20 years on your utility bills, not including incentives.

As a result of solar panels decreasing in cost as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Lynn

Since solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives available to encourage people to make the switch. There are quite a few federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money in return after installing a qualifying system. Check out our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lynn

One of the most compelling reasons to embrace solar power is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. But you may be curious — how much exactly can you help by going solar? In a city like Lynn where commute times can be very long, using solar power can help help reduce the carbon footprint of driving. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Lynn, you can reduce your carbon footprint by 40 pounds a year with solar panels. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.