14 Best Solar Companies in Lynn, MA (Jul 2022 Review)

The Cost and Benefits of Solar in Lynn

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to install your system. 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 including:

• How much you spend on energy: If your local utility rates are quite high, there's a better chance you'll have a higher return on your investment in solar panels. In Lynn, you can save an average of $84 a month on your electricity bills.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 26% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $22,000 on your utility bills over 20 years without incentives.
• Average daily sunlight: Since Lynn gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.
• Energy consumption: Installing a solar system may be too pricey an investment for families that don't use too much energy each month.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your energy consumption.

Solar Incentives in Lynn

Switching to solar power has plenty of great benefits. Not only can it help preserve the Earth, but you can also save a good amount of money on your installation with various government incentives. These incentives usually consist of cash rebates, tax credits and/or performance-based incentives. They can lower the cost of going solar by 26 to 50% in some cases. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Lynn

Going solar can have a positive impact on the environment. But — how much exactly can you help the environment by making the switch to solar? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Although making solar panels emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Lynn, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you want to do your part for the environment, you'll most likely recognize that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.