Solar Panels Cost 17k-27k in Bloomingdale CDP, TN | October, 2024

Solar Panels Cost $17k-$27k in Bloomingdale CDP, TN | October, 2024

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How much do solar panels cost in Bloomingdale CDP, TN in 2024?

To get solar panels installed averages out to $3.59 per watt in the month of October, 2024 in Bloomingdale CDP, TN.

It will cost $3,590, on average, per 1K (or 1000 watts) of capacity that your solar panels have. After receiving the 30% federal tax credit, you will pay approximately $12,565 for a 5 kW solar panel install in Bloomingdale CDP. Please consider, a 5kW system may not be sufficient to ensure your energy requirements are met.

On the left, choose a county to view the average roof size and the maximum production capacity for solar panels on houses in your area. Below, you'll see a full overview of the costs, 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.
Bloomingdale CDP: $12,565US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Bloomingdale CDP: 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.
Bloomingdale CDP: $21,232US Average: $15,784

Solar Potential in Bloomingdale CDP

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

Roof size 751sq. ft.
Capacity 10.5kW DC
Electricity 12.7kkWh AC per yr.

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

The typical monthly kWh used in Bloomingdale CDP is 1,235, resulting in an average electric bill of around $163.26. These statistics encompass apartments and other smaller homes with typically lower energy consumption.

The electricity rate per kWh in Bloomingdale CDP, TN for October 2024 is 13.22¢.

To take care of the electricity needs of an average consumer in Bloomingdale CDP, a solar system of 11 kW or higher is necessary. You'll spend $27,643 on an 11 kW solar panel installation after taking the 30% federal income tax credit into consideration.

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Average solar panel costs by system size in Bloomingdale CDP

Below and to the left, the cost breakdown for different sizes of solar panel systems installed in Bloomingdale CDP can be seen. More extensive solar installations come with a higher price, yet they also yield greater electricity savings and larger income tax credits.

See a cost benefit analysis in the solar panel cost calculator to the right and below, for an average electric bill of $163.26 in Bloomingdale CDP. Change the $163.26 to align with your usual electricity bill payment for personalized results.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$17,591
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $110
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.83 tons a year
  • Equivalent to planting 130 trees a year
  • Equivalent to driving 6,996 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$20,104
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.23 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,995 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$22,617
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $142
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.63 tons a year
  • Equivalent to planting 167 trees a year
  • Equivalent to driving 8,995 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$25,130
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $158
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 4.04 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,994 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$27,643
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $163
  • 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

Bloomingdale CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and farms. If you think you might be eligible, try our REAP Grant eligibility tool to verify your qualification.

Most people are eligible for the 30% federal income tax credit for residential solar, which makes it a practical investment in various areas of the country. Furthermore, several state and local efforts are in place to further encourage the adoption of solar energy.

Tennessee has 2 solar rebate and incentive initiatives available from a number of utilities and government agencies.

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 intend to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Bloomingdale CDP is an smart decision. Installing a 5 kW solar system in Bloomingdale CDP, TN will, on average, save you $26,617.4 over 20 years, and you can expect to break even in about 6 years.

The cost of not having solar panels in Bloomingdale CDP, TN

In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Recent news reports have shown that complete dependence on your utility isn't always the best option.

On a yearly basis, the average number of outages per customer in Bloomingdale CDP has been 1.75. Each outage lasts an average of 360.03 minutes. In the case of major events such as wildlife damage, equipment failure or lightning strikes, this period can increase substantially.

A solar energy system, regardless of whether it has a backup battery or not, can relieve the strain of future power outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Sullivan County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Bloomingdale CDP, TN?

Your Energy Needs - Larger solar panel setups come with a larger price tag, yet the cost per watt decreases as the size of the system expands. It is often advantageous for consumers to install a solar system that can produce enough electricity to fully cover their electric bill, which leads to significant savings.

Make & Model - Just like other products, solar panels and mounting equipment come in a variety of makes and models. Because the installer you select might have specific brand preferences, picking a recommended company is especially important. Investing in superior quality materials can result in a much better long-term experience for the buyer.

Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. These panels are more expensive, yet they generate more energy. Most installers often utilize panels crafted from this material.

Your Property - Every home and property is unique. Sloping terrain, trees, or v can increase the complexity of the installation. These days, most solar installers can assess your home using satellite images and include these considerations for the preliminary cost estimate.

Labor Rates - The wages that companies offer their employees differ, and these costs are ultimately shown in consumer prices. Reviews for services and customer service are often higher for businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be influenced by varying local permitting and utility interconnection fees. Reputable local installers will incorporate these numbers into your initial quotes to prevent any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Bloomingdale CDP?

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.

Bloomingdale CDP, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Bloomingdale CDP, TN is $3.59/W. In Bloomingdale CDP, TN, installing a 5 kW solar panel system will set you back approximately $12,565 after federal tax incentives.

  • In Tennessee, you have access to 2 rebates and incentives provided by numerous utilities and government organizations. In addition, the 30% federal income tax credit is available to almost everyone.

  • Even though cash payments offer the greatest savings, numerous financing options for solar panels today are also advantageous. Installers often have partnerships with financing companies and will provide this information in your initial quotes.

  • Yes, homeowners in Bloomingdale CDP, TN can expect 5 kW solar panels to pay off in 6 years, with an estimated $26,617.4 in electricity savings during a 20-year span.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01