Solar Panels Cost 16k-28k in Collegedale, TN | October, 2024

Solar Panels Cost $16k-$28k in Collegedale, TN | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

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

Having a solar system averages out to $4.03/W in Collegedale, TN in October, 2024.

Said another way, solar panels will cost you $4,030 per 1 kW (or 1000 watts) of generation capacity. Subtracting the 30% federal tax credit, a 5 kW solar panel system in Collegedale typically costs $14,105. Note that a more extensive system may be essential to fully meet your energy needs.

On the left-hand side, you can pick your county to see the average roof size and the maximum capacity for solar panels in residences in your area. Below, you can see 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.
Collegedale: $14,105US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Collegedale: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Collegedale: $11,633US Average: $15,784

Solar Potential in Collegedale

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

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.2kkWh AC per yr.

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

Collegedale's average monthly electric bill is $132.43, with consumers using an average of 1,095 kWh. Apartments and other smaller residences with reduced energy requirements are encompassed in this figure.

Collegedale, TN's electricity rate is 12.1¢ per kWh in October 2024.

If you’re an average electricity consumer in Collegedale, you will require a solar power system sized at 10 kW or larger to cover your electricity needs. At the moment, a 10 kW setup will set you back about $40,300initially, but thanks to the federal tax credit, you get a 30% reimbursement, bringing the cost down to $28,211.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Collegedale

Located below and to the left, there is the cost summary for multiple sizes of the solar panel systems set up in Collegedale. A more extensive solar array will obviously cost more, but it will also provide higher electricity savings and higher income tax credits.

The solar panel calculator, positioned down and to the right, gives a detailed cost and benefit analysis based on a typical $132.43 electric bill for Collegedale. By changing the $132.43 to your average electricity bill, you can get tailored results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,926
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $87
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.76 tons a year
  • Equivalent to planting 127 trees a year
  • Equivalent to driving 6,835 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,747
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.22 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,974 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$22,568
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $116
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.68 tons a year
  • Equivalent to planting 169 trees a year
  • Equivalent to driving 9,114 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$25,389
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $131
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4.14 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,253 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$28,210
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $132
  • Full payback in 18 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

Collegedale Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

The federal government offers a 30% tax credit for residential solar systems, rendering solar practical and sensible for a variety of homeowners. On top of that, there are many state and local incentives to further encourage the adoption of solar energy.

Tennessee provides 2 solar rebates and incentives from different utility companies 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 Collegedale who expect to stay in their residence beyond the solar payback period, solar panels make an smart investment. Over a 20 year time frame, a 5 kW solar system in Collegedale, TN could save you around $17,678.2, with the average break even time being 9 years.

The cost of not having solar panels in Collegedale, TN

Without solar panels or another backup power source, you miss out on the previously noted savings and are fully dependent on your electric utility for electricity. Many recent news reports have highlighted that complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Hamilton County is 4.09. On average, the length of an outage is 402.5 minutes. Major events like overloaded power grids, winter storms or vandalism can cause these durations to rise considerably.

A solar energy system, regardless of whether it has a backup battery or not, could help relieve the pressure of future power outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Hamilton County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. Homeowners often find that installing a solar system that can replace their electric bill is highly beneficial. This method results in maximum savings.

Make & Model - Like other industries, the solar energy sector includes a range of solar panel brands and designs. The preferences for brand that your contractor has may make it crucial to choose a reputable installer. Opting for superior quality models can yield a greatly enhanced long-term experience for the buyer.

Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. Although the cost is higher, they deliver more energy. Many installers use these types of panels.

Your Property - Challenges like trees, sloping terrain, or additional considerations can increase the difficulty of installing solar panels. Solar installers currently typically use satellite imagery to evaluate your home and incorporate these factors into the initial cost estimate.

Labor Rates - The costs connected to the varying wages paid by companies to their employees are transferred to the consumers. Companies frequently garner higher reviews for their work and customer service when they offer better wages.

Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which change by area. Good local installers will incorporate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other TN cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Collegedale?

Foster Electric

Chattanooga, TN(423) 892-6759

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • 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.
  • Reparation of solar arrays.

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.

Collegedale, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Collegedale, TN is $4.03/W. Post federal tax credit, a 5 kW solar panel system installation in Collegedale, TN will roughly cost $14,105.

  • Tennessee offers 2 different rebates and incentives from a range of utilities and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Cash payments offer the highest savings, yet several financing options now available for solar panels are financially beneficial as well. Installers will often include details on financing partners in the quotes they provide initially.

  • Yes, the average 5 kW solar panel payback period in Collegedale, TN stands at 9 years, yielding average electricity savings of $17,678.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01