Solar Panels Cost 16k-26k in Cleveland, TN | November, 2024

Solar Panels Cost $16k-$26k in Cleveland, TN | November, 2024

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

On average, in Cleveland, TN in the month of November, 2024, the cost per watt of solar systems is $3.82/W.

Using this price, you should expect to pony up $3,820, on average, for every 1000 watts (or 1 kW) of solar energy your solar panels will need to generate. With a 30% federal tax credit, the average cost for a 5 kW system in Cleveland is approximately $13,370. It's vital to consider that a higher capacity system may be essential to fully meet your energy requirements.

By selecting your county on the left, you can find out the typical roof size and the average maximum capacity for residential solar panel systems in your area. Below is a breakdown 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.
Cleveland: $13,370US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Cleveland: 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.
Cleveland: $14,090US Average: $16,169

Solar Potential in Cleveland

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

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.3kkWh AC per yr.

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

With an average consumption of 1,126 kWh per month, Cleveland households pay about $138.29 for electricity each month. This data also encompasses the energy consumption patterns of smaller residences, such as apartments.

The electricity rate per kWh in Cleveland, TN for November 2024 is on average 12.28¢.

To satisfy the electricity requirements of an average consumer in Cleveland, a solar panel system of 10 kW or higher is a must. Upfront, a 10 kW solar system is approximately $38,200, with the federal tax credit returning 30% of your investment amount, which cuts down the total to $26,740.

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Average solar panel costs by system size in Cleveland

To the left side and below, you can find the pricing details for multiple sizes of the solar panel systems installed in Cleveland. Naturally, with a more extensive solar system, there will be a greater initial expense, but the advantages include higher electricity savings and larger income tax credits.

Check a cost benefit analysis in the solar panel cost calculator below and to the right, for an average electric bill of $138.29 in Cleveland. Adjust the $138.29 to your usual bill payment for personalized results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,044
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $87
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.75 tons a year
  • Equivalent to planting 127 trees a year
  • Equivalent to driving 6,819 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$18,718
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.21 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,956 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$21,392
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $116
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.67 tons a year
  • Equivalent to planting 169 trees a year
  • Equivalent to driving 9,092 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$24,066
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $131
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 4.13 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,229 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$26,740
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $138
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4.35 tons a year
  • Equivalent to planting 200 trees a year
  • Equivalent to driving 10,773 mi less a year

Cleveland 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 photovoltaic or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.

Installing residential solar panels comes with a 30% federal tax credit, accessible to almost all homeowners, making it a wise option for numerous areas across the country. Additionally, various state and local programs exist to further support the adoption of solar power.

Several utilities and government organizations in Tennessee currently offer 2 solar rebates and incentives.

Solar incentives in TN

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 those planning to stay in their home past the solar system's payback period, solar panels are a smart investment in Cleveland. If you install a 5 kW solar system in Cleveland, TN, you might save $19,819.6 over 20 years on average, with a break even point at around 8 years.

The cost of not having solar panels in Cleveland, TN

If you don't install solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.

In Cleveland, there are about 3.01 outages per customer annually. Each outage lasts an average of 240.43 minutes. In the case of major events such as heavy rain and flooding, vandalism, or equipment failure, this period can increase substantially.

Even without a backup battery, a solar panel system can reduce the stress of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Bradley County.

Learn more

Customers Out:

0

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

Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the larger upfront expense. Installing a solar panel system that can fully offset the electric bill is beneficial to homeowners because of the money saved.

Make & Model - There are a wide variety of makes and models of solar panels. The installer’s preference for system makes it crucial to pick a reputable company. Buyers generally find that utilizing higher quality equipment provides a more satisfactory long-term experience.

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

Your Property - No two properties or homes are identical. Trees, irregular terrain, or other considerations can increase the difficulty of the installation. These days, the majority of solar installers can use satellite imagery to assess your home and include these elements into the first cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Paying higher wages frequently results in companies receiving better reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which change by area. Quality local installers will include these figures in your first estimates to provide transparency.

See what solar panels cost in other TN cities

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Who are the best solar installers in Cleveland?

Core Development Group

(201) 825-2195

Services

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

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

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

Foster Electric

Chattanooga, TN(423) 892-6759

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • 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.
  • Consulting on all things solar related.

Dividend Finance

Cincinnati, OH(415) 805-7000

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.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

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

  • 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.
  • Reparation of solar arrays.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

LightEdison

Denver, CO(888) 966-6377

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

Solar Plus

Atlanta, GA(470) 378-1182

Services

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

Cleveland, TN Solar Panel Cost FAQs

  • During November, 2024, the average price for solar panel installations in Cleveland, TN is $3.82/W. A 5 kW solar panel system will cost you around $13,370 in Cleveland, TN after the federal tax credit is applied.
  • At present, there are 2 rebates and incentives available to Tennessee residents from various utility and government programs. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
  • Paying in cash provides the highest savings, but there are multiple financing options available today for solar panels that are also beneficial. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
  • Yes, the payback period for 5 kW solar energy systems in Cleveland, TN averages 8 years, with electricity savings of about $19,819.6 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-05