Best 5 Solar Companies in Lynn, MA

How To Choose the Best Solar Company in Lynn

The more comprehensive your provider search is, the better your solar panels will ultimately work. Consider each of these elements in your business search.

Licensing and Training

Massachusetts requires new solar photovoltaic systems in the Commonwealth to be installed by a licensed electrician and new solar water heaters to be installed by a construction supervisor. You should also visit a company's website to learn about its private certifications. Two of the most respected are the PV Installation Professional and Solar Heating Installer certificates, awarded by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Lynn

Different solar panel types look and perform differently. Monocrystalline panels offer the best energy production but cost more than other options and generally have the highest quality. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can increase your solar system's efficiency. Not every solar contractor includes these optional components, so look for a contractor that sells them if it's important for you.

Generally speaking, it will cost about $20,300 for a five-kilowatt solar array in Lynn. This table shows more specific pricing information for different solar panel types and system components in your area.

Financing Solar Energy in Lynn

There are a plethora of ways to pay for a new solar system, and the right one will help you decrease overhead. A few of the most common options include cash payments, loans, leases, and power purchase agreements (PPAs). We recommend paying with cash or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to minimize your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, as with an electric bill. We generally don’t recommend these two choices because you won't own the system and are disqualified from using solar incentives. Look for contractors that offer multiple payment plans to find the right fit for your wallet.

The table below lists the average payback periods for different capacities of solar systems in Lynn.

The IRS allows you to claim a 26% federal solar tax credit on your new solar panels, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own financing programs, rebates, and incentives that could save you more money.