Solar Panels Cost 18k-28k in Ashland City, TN | October, 2024

Solar Panels Cost $18k-$28k in Ashland City, TN | October, 2024

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How much do solar panels cost in Ashland City, TN in 2024?

You'll spend $3.38/W to get solar panels in the month of October, 2024 in Ashland City, TN.

Applying this price per watt, we are able to conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,380 for installation. After receiving the 30% federal tax credit, you can expect to pay about $11,830, in Ashland City, for a 5 kW solar panel system. It's important to consider that a bigger system might be essential to satisfy your energy requirements.

Use the left-hand menu to select your area and view the average roof size and the maximum production capacity for residential solar on homes in your county. The following breakdown, below, highlights the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Ashland City: $11,830US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Ashland City: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Ashland City: $24,558US Average: $15,784

Solar Potential in Ashland City

Estimated system size and solar electricity production per median viable roof in
Ashland City.

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 14.2kkWh AC per yr.

Electricity Costs in Ashland City, TN & What that Means for Your Solar Panel Pricing

The average electric bill for a Ashland City energy consumer is $172.74, with monthly usage averaging 1,365 kWh. Be aware that this number covers apartments and other smaller homes, which generally use less energy.

In October 2024, the electricity rate in Ashland City, TN is 12.66¢ per kWh.

In Ashland City, a typical electricity consumer's electricity requirements can be completely accounted for by a solar panel system with a production capacity of 12 kW or more. At this time, a 12 kW solar installation will be priced at around $40,560initially, but thanks to the 30% federal tax credit, you receive 30% back, lowering the price to $28,392.

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Average solar panel costs by system size in Ashland City

On your left, you will see a detailed cost analysis for various solar panel system sizes installed in Ashland City. When you choose a larger solar system, the cost is greater, but it also leads to more significant electricity savings and a more substantial income tax credit.

The solar panel cost calculator below and to the right details costs and benefits, considering an average $172.74 electric bill in Ashland City To get results more customized, modify the $172.74 to align with your regular electricity bill.

System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$18,928
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.04 tons a year
  • Equivalent to planting 140 trees a year
  • Equivalent to driving 7,533 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$21,294
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $142
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.42 tons a year
  • Equivalent to planting 157 trees a year
  • Equivalent to driving 8,475 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$23,660
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $158
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.8 tons a year
  • Equivalent to planting 175 trees a year
  • Equivalent to driving 9,417 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$26,026
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $173
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 4.17 tons a year
  • Equivalent to planting 192 trees a year
  • Equivalent to driving 10,329 mi less a year
System Size 12kW
Roof Size Min. space required
858 ft²
Electricity Value Annual Production $2,271 a year
Est. Price
$28,392
Savings from a 12kWthis system
  • Est. yearly production 17,470 kWh
  • Est. monthly savings $173
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.17 tons a year
  • Equivalent to planting 192 trees a year
  • Equivalent to driving 10,329 mi less a year

Ashland City Solar Panel Installation Incentives & Rebates | 2024

If you currently own a agricultural property or small business in a rural area, the REAP Grant could cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a practical choice in numerous regions throughout the United States. Furthermore, many regional and state programs are designed to encourage more people to switch to solar power.

Multiple utilities and governmental organizations in Tennessee offer 2 solar rebate and incentive programs.

Sales Tax Credit for Clean Energy Technology

Value:Varies

New devices used in the generation, storage, or distribution of "green energy" in Tennessee may be eligible for state sales/use tax exemptions. Qualifying equipment should use solar, wind, geothermal, or hydrogen fuel cell technology and be installed in a Department of Environment-certified facility. To claim the exemption, the installing contractor should submit application paperwork to the Department of Revenue at the time of purchase. The buyer must then fill out a corresponding form. Approved exemptions will be paid as a refund to the contractor.

Pathway Energy Efficiency Loan Program

Value:Varies

Tennessee's Energy Efficiency Loan Program (EELP) is operated by Pathway Lending, a private non-profit operating in multiple states. Through the program, small businesses, local nonprofits, and local governments may obtain special financing for new renewable energy investments and energy efficiency improvements. Repayment plans last up to six years and are typically based on energy savings at below-market interest. To apply, an organization must submit successful proposals and complete an energy audit. Additional information is available from the Pathway Lending website.

Are solar panels worth it in Tennessee?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Ashland City. Installing a 5 kW solar system in Ashland City, TN will, on average, save you $29,627.6 over 20 years, and you can expect to break even in about 6 years.

The cost of not having solar panels in Ashland City, TN

Besides forgoing the aforementioned savings, not having solar panels or any backup energy system makes you totally reliant on your electric utility for power. Several recent examples in the news have revealed that full reliance on your utility company isn't always ideal.

Generally, customers in Ashland City encounter around 1.51 outages. On average, the length of an outage is 109.97 minutes. Major events like lightning strikes, overloaded power grids, or vandalism can cause these durations to rise considerably.

Whether a backup battery is present or not, a solar panel system could ease the burden of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Cheatham County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Ashland City, TN?

Your Energy Needs - The upfront cost for larger solar panel systems is greater, but the cost per watt diminishes as the system size increases. Homeowners often discover that installing a solar system that can offset their entire electric bill is beneficial, resulting in maximum savings.

Make & Model - Similar to other items, solar panels and mounting equipment are available in a wide variety of makes and models. The preferences for brand that your installer has may make it essential to select a reputable installer. The selection of superior makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide additional energy. Most installers use panels constructed from this material.

Your Property - Each property and residence is unique. Issues like irregular terrain, trees, or additional obstacles may add to the complexity of the installation. Nowadays, satellite images allow many solar installers to evaluate your home and factor in these elements into the first cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are borne by the consumers. Higher reviews for work and customer service are frequently associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be impacted by different local permitting and utility interconnection fees. Reliable local installers will integrate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Ashland City?

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Tungsten Electric

Nashville-Davidson metropolitan government, TN(615) 491-0206

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

LightEdison

Denver, CO(888) 966-6377

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Solar Plus

Atlanta, GA(470) 378-1182

Services

  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Ashland City, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Ashland City, TN is $3.38/W. With the federal tax credit, the cost of a 5 kW solar panel system in Ashland City, TN drops to roughly $11,830.

  • Utilities and government agencies in Tennessee are currently offering 2 different rebates and incentives. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • While cash payments offer the most savings, there are now various financing options for solar panels that are also financially beneficial. Information about financing options will often be provided in your preliminary quotes by many installers.

  • Yes, the payback period for 5 kW solar energy systems in Ashland City, TN averages 6 years, with electricity savings of about $29,627.6 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01