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Solar Panel Cost in Lynn, Massachusetts
Local pricing, savings, and net metering data for Lynn homeowners.
$1,460
Annual Savings
8.3 yrs
Payback Period
$12,088
Net Cost
$37,783
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Lynn
System Size
5.3 kW
Annual Production
6,239 kWh
Gross System Cost
$18,697
Federal Tax Credit (30%)
-$5,609
State Incentive
-$1,000
Net Cost
$12,088
Monthly Savings
$122
CO₂ Offset/yr
5,740 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityEversource MA
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.234/kWh
Peak Sun Hours4 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Massachusetts State Incentive — Massachusetts offers a 15% state tax credit up to $1,000 plus SMART program.
Common Questions
How much does solar cost in Lynn?
Solar in Lynn, Massachusetts costs approximately $18,697 for a 5.3 kW system. After the 30% federal tax credit, your net cost is about $12,088.
What is the solar payback period in Lynn?
The estimated payback period for solar in Lynn is 8.3 years, based on a $150/month electric bill and local sun hours of 4 hrs/day.
Does Eversource MA offer net metering?
Eversource MA offers Full Retail net metering. Full retail rate.