Solar Panels Cost 16k-28k in Eagleton Village CDP, TN | October, 2024

Solar Panels Cost $16k-$28k in Eagleton Village CDP, TN | October, 2024

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

It is approximately $4.01/W in October, 2024 in Eagleton Village CDP, TN to go solar.

This means that, for every 1000 watts (or 1 Kw) your system can generate you will spend $4,010 to get your system installed in . In Eagleton Village CDP, after receiving the 30% federal income tax credit, a 5 kW solar system will cost you $14,035. Please note that a more powerful system may be essential to meet your energy demands.

On the left, you can select your county to find out the average roof size and the maximum capacity for solar panels on houses in your area. The following outline, below, highlights 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.
Eagleton Village CDP: $14,035US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Eagleton Village CDP: 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.
Eagleton Village CDP: $13,980US Average: $15,784

Solar Potential in Eagleton Village CDP

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

Roof size 965sq. ft.
Capacity 13.5kW DC
Electricity 16.2kkWh AC per yr.

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

The average monthly electric bill for Eagleton Village CDP residents is $141.79, with an average usage of 1,185 kWh. Consider that this statistic includes smaller residences including apartments, known for less energy use.

For October 2024, Eagleton Village CDP, TN's average electricity rate is 11.97¢ per kWh.

Average electricity users in Eagleton Village CDP may require a solar power system of 10 kW or more to meet their full electricity consumption needs. At this time, a 10 kW solar installation will initially set you back around $40,100, but the federal tax credit reduces the price by 30%, making it $28,070.

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Average solar panel costs by system size in Eagleton Village CDP

On the left side, you'll see a detailed price breakdown of the various sizes of solar panel systems set up in Eagleton Village CDP. The investment for a larger solar panel setup is higher, but it also yields higher electricity savings and higher income tax credits.

The solar panel cost and benefit breakdown, visible in the calculator down and to the right, is based on an average electric bill of $141.79 in Eagleton Village CDP. Simply replace the $141.79 with your usual electricity bill amount to see more specific results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,842
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 2.57 tons a year
  • Equivalent to planting 118 trees a year
  • Equivalent to driving 6,354 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,649
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 2.99 tons a year
  • Equivalent to planting 138 trees a year
  • Equivalent to driving 7,413 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$22,456
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 3.42 tons a year
  • Equivalent to planting 157 trees a year
  • Equivalent to driving 8,472 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$25,263
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 3.85 tons a year
  • Equivalent to planting 177 trees a year
  • Equivalent to driving 9,531 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$28,070
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $142
  • 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

Eagleton Village CDP Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their photovoltaic or wind turbine installation expenses covered by the REAP Grant. Unsure if you qualify? Use our REAP Grant eligibility tool to confirm.

Homeowners can benefit from a 30% federal income tax credit for setting up residential solar panels, which makes solar power a sensible option in much of the country. A multitude of state and local programs are offered to encourage the use of solar energy.

There are 2 solar rebate and incentive initiatives currently offered in Tennessee by multiple utilities and government bodies.

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 own your residence longer than the solar system's payback period, solar panels are a wise investment in Eagleton Village CDP. With a 5 kW solar system in Eagleton Village CDP, TN, the average savings over a 20 period is $19,994.6, with break even usually occurring at 8 years.

The cost of not having solar panels in Eagleton Village CDP, TN

In addition to missing out on the previously mentioned savings, not installing solar panels or a different backup energy source results in complete dependence on your electric utility for electricity. As demonstrated by recent news, full reliance on your utility is not always the best option.

Yearly, customers in Eagleton Village CDP face approximately 1.16 outages each year. On average, each outage lasts for 79.76 minutes. Major events like vandalism, aging infrastructure or wildfires can considerably extend these durations.

A solar panel system could alleviate the burden of future outages, even if it is without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Blount County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Individuals often find that installing a solar system that can replace their electric bill is highly beneficial. This approach ensures increased savings.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. Since the contractor might have particular system preferences, it's essential to select a reputable company. For consumers desiring a more favorable long-term experience, investing in higher quality equipment is important.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They have a higher price, but they generate more energy. Many solar panel installers opt for this type of material.

Your Property - Each property and home has its own characteristics. Factors like trees, sloping terrain, or additional hindrances can make the installation more challenging. Most solar installers today utilize satellite imagery to assess your home and integrate these considerations into the initial cost estimate.

Labor Rates - The wages that various companies offer their employees are different, and these costs are passed on to the consumers. It is common for companies that offer higher wages to garner better reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will be influenced by different local permitting and utility interconnection fees. Reliable installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other TN cities

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Who are the best solar installers in Eagleton Village 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

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

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

LightEdison

Denver, CO(888) 966-6377

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

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.

Eagleton Village CDP, TN Solar Panel Cost FAQs

  • The average solar panel cost in Eagleton Village CDP, TN as of October, 2024 is estimated at $4.01/W. With the federal tax credit, the cost of a 5 kW solar panel system in Eagleton Village CDP, TN drops to roughly $14,035.

  • If you live in Tennessee, you can find 2 rebates and incentives through different utilities and government agencies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Paying cash will ensure the most savings, but currently there are several options for financing solar panels that are cost-effective as well. Installers often have partnerships with financing companies and will detail this information in your initial quotes.

  • Yes, on average, 5 kW solar panels in Eagleton Village CDP, TN pay for themselves in 8 years, with homeowners saving approximately $19,994.6 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01