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

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

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

In Bristol, TN, the cost per watt of solar panel installations is around $3.59 per watt in October, 2024.

Based on this rate per watt, you can conclude that for every 1 kW (1000 watts) of solar generation capacity will require an investment of $3,590 for installation. After receiving the 30% federal tax credit, a 5 kW solar setup in Bristol will cost you $12,565. Remember that a bigger system could be required to fulfill your energy demands.

On the left-hand side, you can select your county to view the average roof size and the maximum capacity for solar panels in residences in your area. Outlined below are 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.
Bristol: $12,565US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Bristol: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Bristol: $13,809US Average: $15,784

Solar Potential in Bristol

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

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

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

Bristol residents typically have an average monthly electric bill of $132.33 per month, with a typical usage of 1,244 kWh. Smaller homes, such as apartments, are also covered in the numbers mentioned in the prior sentence.

Bristol, TN's electricity rate is 10.64¢ per kWh in October 2024.

Typical electricity users in Bristol need a solar panel system of 11 kW or more to take care of their full power demands. Upfront, an 11 kWsolar panel installation costs around $39,490, after the 30% federal tax credit, the final cost is $27,643.

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Average solar panel costs by system size in Bristol

To the left, we present a comprehensive pricing details for different solar panel system sizes installed in Bristol. Although a more extensive solar installation has a greater cost, it also yields increased electricity savings and higher income tax credits.

The solar panel calculator, located below and to the right, offers a detailed cost and benefit analysis based on a typical $132.33 electric bill for Bristol. Just change the $132.33 to your typical electricity bill for more precise results.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,121 a year
Est. Price
$17,591
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $93
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.95 tons a year
  • Equivalent to planting 136 trees a year
  • Equivalent to driving 7,310 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,281 a year
Est. Price
$20,104
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $107
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.38 tons a year
  • Equivalent to planting 155 trees a year
  • Equivalent to driving 8,354 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,441 a year
Est. Price
$22,617
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $120
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.8 tons a year
  • Equivalent to planting 174 trees a year
  • Equivalent to driving 9,398 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,601 a year
Est. Price
$25,130
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $132
  • 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
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,762 a year
Est. Price
$27,643
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $132
  • Full payback in 17 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

Bristol Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. If you believe you might be eligible, we suggest using our REAP Grant eligibility tool to verify your qualification.

For those considering residential solar, the 30% federal income tax credit is available to almost all homeowners, which makes solar power a good investment in various parts of the country. Additionally, numerous state and local programs aim to further promote the adoption of solar power.

Tennessee residents have access to 2 solar rebate and incentive programs from multiple utilities and governmental 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?

For homeowners in Bristol planning to stay beyond the payback period of their solar system, solar panels are the clear choice. Over a 20 year period, a 5 kW solar system in Bristol, TN could save you approximately $19,194.2, with the average break even time being 8 years.

The cost of not having solar panels in Bristol, TN

Without solar panels or another backup power source, you miss out on the savings highlighted previously and rely entirely on your electric utility for electricity. Recent media coverage has made it clear that relying solely on your utility isn't always the best idea.

In recent times, the average number of utility outages per customer annually in Bristol has been about 1.73. On average, an outage lasts 297.87 minutes. Major events such as overloaded power grids, landslides or construction accidents can significantly extend these time frames.

Even without a backup battery, a solar panel system can reduce the pressure of future 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 Bristol, TN?

Your Energy Needs - Although the initial cost is higher, the cost per watt declines with larger solar panel systems. Homeowners often find that installing a solar system that can cover their entire electric bill is advantageous, ensuring maximum savings.

Make & Model - There are a range of makes and models of solar panels and mounting equipment. Selecting an installer with specific brand preferences means it's even more vital important to go with a highly rated company. The selection of better materials can substantially improve the long-term experience for buyers.

Solar Panel Type - It's clear why monocrystalline panels are now the go-to choice in the industry. Even though they are more expensive, they provide more energy. Many installers work with panels made from this material.

Your Property - Each home and property is unique in its own way. Uneven ground, trees, or additional challenges may complicate the installation. Today, the majority of solar installers can assess your home with satellite images and factor in these elements in the preliminary cost estimate.

Labor Rates - The costs related to the varying wages offered by companies to their employees are borne by the consumers. Frequently, businesses paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - The fees for local permitting and utility interconnection, which vary by area, will affect the cost of your installation. Reliable local installers will integrate these figures into your first estimates to avoid any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Bristol?

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.

Bristol, TN Solar Panel Cost FAQs

  • The average solar panel cost in Bristol, TN as of October, 2024 is estimated at $3.59/W. After federal tax credits, the installation of a 5 kW solar panel system in Bristol, TN is estimated to cost $12,565.

  • Utilities and government agencies in Tennessee are currently offering 2 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Paying cash will result in the most savings, but currently there are multiple options for financing solar panels that make great money sense as well. Financing options from installers will often be specified in your initial quotes.

  • Yes, homeowners in Bristol, TN generally see a payback time of 8 years for 5 kW solar panel systems, with electricity savings averaging $19,194.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01