Solar Panels Cost 16k-27k in Elizabethton, TN | October, 2024

Solar Panels Cost $16k-$27k in Elizabethton, TN | October, 2024

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

Solar panels in Elizabethton, TN during October, 2024 have an average cost of $3.92 per watt.

Each 1 kW (1000 watts) of solar power capacity will cost you $3,920 for installation. After applying the 30% federal tax credit, a 5 kW solar installation in Elizabethton generally costs $13,720. It's vital to realize that a higher capacity system could be essential to fulfill your energy needs.

To the left, you can choose your county to see the typical roof size and the average maximum generation capacity for solar panel systems on homes in your area. You can review the costs, payback period, and 20-year average savings for a 5 kW system installed in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Elizabethton: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Elizabethton: 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.
Elizabethton: $13,126US Average: $15,784

Solar Potential in Elizabethton

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

Roof size 769sq. ft.
Capacity 10.75kW DC
Electricity 12.7kkWh AC per yr.

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

The standard kWh usage for a Elizabethton resident is 1,123 monthly, with an average electric bill of $136.36. Compact apartments are also included in the numbers mentioned in the prior sentence. The lower energy use in these types of residences impacts those averages.

In October 2024, the mean electricity rate in Elizabethton, TN is 12.15¢ per kWh.

In Elizabethton, a system size of 10 kW or larger is needed for the typical energy consumer to account for their entire electricity consumption requirements. After incentives, a 10 kW solar installation costs around $27,440.

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Average solar panel costs by system size in Elizabethton

On the left, you will find a breakdown of prices for different solar panel system sizes set up in Elizabethton. With more extensive solar systems, the price goes up, but so do the electricity savings and the income tax credits you can gain.

The solar panel cost calculator, situated down and to the right, offers a cost-benefit analysis using an average $136.36 electric bill for Elizabethton. By changing the $136.36 to your average electricity bill, you can get customized results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,464
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 2.68 tons a year
  • Equivalent to planting 123 trees a year
  • Equivalent to driving 6,634 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,208
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 3.13 tons a year
  • Equivalent to planting 144 trees a year
  • Equivalent to driving 7,740 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$21,952
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 3.57 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,846 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$24,696
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 4.02 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,951 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$27,440
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $136
  • 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

Elizabethton Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant is designed to assist rural agricultural enterprises and small businesses by covering 80% to 100% of the costs associated with photovoltaic or wind turbine installations. Not sure if you are eligible? Use our REAP Grant eligibility tool to check.

A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a practical choice in various regions in the United States. State and local efforts are also in place to further drive the growth of solar energy use.

In Tennessee, 2 solar rebates and incentives are currently available from various 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?

Homeowners in Elizabethton who expect to live in their residence beyond the payback period of their solar system will find solar panels an clear choice. A 5 kW system in Elizabethton, TN will enable you to save the average homeowner, on average, $19,006.4 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Elizabethton, TN

The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. Recent news examples have shown that full reliance on your utility provider is not always ideal.

Each year, the average number of outages per customer in Tennessee is about 2.19. The average length of an outage is 167.58 minutes. However, during significant events such as equipment failure, landslides or planned maintenance, this duration can grow considerably.

Whether it includes a backup battery or not, a solar panel system could ease the inconvenience of any future power interruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Carter County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size increases. It is often useful for homeowners to set up a solar system that can make enough electricity to completely replace their electric bill, which results in substantial savings.

Make & Model - Solar panels and mounting equipment, similar to many other products, are available in a variety of makes and models. Your installer’s potential brand preferences make it more important to pick a highly rated contractor. Consumers who choose superior makes and models generally enjoy a superior long-term experience.

Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. These panels are more expensive but produce more energy. The majority of installers in the industry use panels crafted from this material.

Your Property - No two homes or properties are the same. Elements such as trees, sloping terrain, or additional challenges might complicate the installation process. These days, solar installers typically leverage satellite images to evaluate your home and factor in these considerations into the preliminary cost estimate.

Labor Rates - Different companies have varied pay scales for their employees, and these costs are eventually passed on to consumers. Higher wages typically lead to businesses getting better reviews for their work and customer service.

Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which vary by area. Reliable installers will factor these costs into your initial 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 Elizabethton?

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.

Elizabethton, TN Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Elizabethton, TN is $3.92/W. The approximate cost of a 5 kW solar panel system in Elizabethton, TN, after deducting federal tax credits, is $13,720.

  • Various utility providers and government organizations in Tennessee are offering 2 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying in cash provides the highest savings, but there are several financing options available today for solar panels that are also cost-effective. Financing options are frequently available through installers and will be detailed in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Elizabethton, TN is 8 years, with expected savings of $19,006.4 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01