Solar Panels Cost 19k-30k in Atoka, TN | October, 2024

Solar Panels Cost $19k-$30k in Atoka, TN | October, 2024

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How much do solar panels cost in Atoka, TN in 2024?

You'll pay around $3.92/W to go solar in Atoka, TN in October, 2024.

In accordance with the cost per watt, we are able to conclude that for every 1 kW (1000 watts) your solar panels can generate, you will have to spend $3,920 for its installation. With a 30% federal tax credit, the typical cost for a 5 kW solar panel system in Atoka is about $13,720. It's worth noting that a more powerful system might be necessary to fully meet your energy requirements.

To the left, you can select your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. Outlined below are the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Atoka: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Atoka: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Atoka: $19,328US Average: $15,784

Solar Potential in Atoka

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

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

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

For Atoka energy consumers, the average electric bill is $162.20 per month, with a usage of 1,287 kWh. This statistic also covers data from apartments and other smaller living spaces with less energy needs.

The electricity rate per kWh in Atoka, TN for October 2024 is on average 12.6¢.

To meet all of their electricity requirements of a typical user in Atoka, a solar power system of 11 kW or more is a must. At this time, an 11 kW solar panel installation costs $30,184 when including the 30% federal income tax credit.

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Average solar panel costs by system size in Atoka

Presented below and to the left, you will see a detailed price breakdown for multiple solar panel system sizes installed in Atoka. More extensive solar installations come with a larger expense, yet they also provide higher electricity savings and larger income tax credits.

In the calculator found down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $162.20 electric bill for Atoka. Simply change the $162.20 to your average electricity bill for customized results.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$19,208
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $110
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.84 tons a year
  • Equivalent to planting 131 trees a year
  • Equivalent to driving 7,039 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$21,952
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,045 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$24,696
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $142
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,050 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$27,440
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $158
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.06 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,056 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$30,184
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $162
  • Full payback in 16 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

Atoka Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Wondering about your eligibility? Use our REAP Grant eligibility tool to find out.

For residential solar projects, most people are eligible for the 30% federal income tax credit, which makes solar a practical solution in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

Tennessee has 2 solar rebate and incentive initiatives offered by various utilities and government organizations.

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?

For homeowners in Atoka looking to stay beyond the payback period of their solar system, solar panels are the best choice. A 5 kW solar system in Atoka, TN might save you an average of $25,208 over 20 years, with the break even point typically being 7 years.

The cost of not having solar panels in Atoka, TN

In addition to forgoing the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.

Annually, the average number of outages per customer in Atoka is about 2.52. On average, an outage lasts 287.79 minutes. When major events such as vandalism, overloaded power grids or tornadoes occur, these durations can increase significantly

Having a solar panel system, regardless of whether it has a backup battery, could relieve the pressure of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Tipton County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Atoka, TN?

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system grows. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.

Make & Model - There are a range of makes and models of solar panels. The preferences for brand that your contractor has may make it crucial to select a recommended contractor. For consumers seeking a better long-term experience, opting for higher quality materials is important.

Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. They are more expensive but provide more energy. Most professionals in solar installation use panels made from this material.

Your Property - Each home and property is unique in its own way. Uneven landscapes, trees, or other challenges may complicate the installation. Using satellite imagery, solar installers can currently assess your home and include these factors into the preliminary cost estimate.

Labor Rates - The different employee wages offered by companies result in costs that consumers eventually paying . Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be influenced by varying local permitting and utility interconnection fees. Reliable local installers will build these figures into your initial estimates to eliminate any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Atoka?

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.

Atoka, TN Solar Panel Cost FAQs

  • The average solar panel cost in Atoka, TN as of October, 2024 is estimated at $3.92/W. The installation of a 5 kW solar panel system in Atoka, TN will cost about $13,720 after federal tax credits.

  • Tennessee offers 2 different rebates and incentives from a range of utilities and government organizations. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are beneficial. Installers will often provide details on financing partners in the quotes they provide initially.

  • Yes, in Atoka, TN, the average time for 5 kW solar panel systems to pay for themselves is 7 years, leading to electricity savings of $25,208 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01