Solar Panels Cost 13k-24k in Halls CDP, TN | October, 2024

Solar Panels Cost $13k-$24k in Halls CDP, TN | October, 2024

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

You'll pay approximately $3.95/W to go solar in Halls CDP, TN in the month of October, 2024.

You should expect to spend $3,950, on average, for every 1 kW (or 1000 watts) of solar energy your panels can generate. In Halls CDP, a 5 kW solar setup will require you to pay, on average, $13,825 after the 30% federal income tax credit. Your electricity use habits might need a larger system.

On the left-hand side, you can choose your county to find out the typical roof size and the maximum capacity for solar panels in residences in your area. The following outline, below, highlights 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.
Halls CDP: $13,825US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Halls CDP: 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.
Halls CDP: $12,117US Average: $15,784

Solar Potential in Halls CDP

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

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.6kkWh AC per yr.

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

For Halls CDP energy consumers, the typical electric bill is $132.78 per month, with a usage of 1,082 kWh. Compact apartments are also encompassed in the statistics mentioned in the previous sentence. The lower energy use in these types of residences impacts those averages.

The average electricity rate in Halls CDP, TN in October 2024 is 12.27¢ per kWh.

To satisfy the electricity consumption of a typical consumer in Halls CDP, a solar system of 9 kW or more is necessary. Presently, a 9 kW solar installation will cost you roughly $35,550at first, but thanks to the 30% federal tax credit, you get a 30% reimbursement, lowering the price to $24,885.

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Average solar panel costs by system size in Halls CDP

Located below and to the left, there is the cost summary for multiple sizes of the solar panel systems set up in Halls CDP. Bigger solar installations carry a larger expense, yet they also yield greater electricity savings and higher income tax credits.

The solar panel cost calculator, located to the right and below, provides a breakdown of costs and benefits using an average $132.78 electric bill for Halls CDP. If you prefer more customized results, just modify the $132.78 to whatever your average electricity bill is.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $874 a year
Est. Price
$13,825
Savings from a 5kWthis system
  • Est. yearly production 7,279 kWh
  • Est. monthly savings $73
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.28 tons a year
  • Equivalent to planting 105 trees a year
  • Equivalent to driving 5,653 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,590
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 2.74 tons a year
  • Equivalent to planting 126 trees a year
  • Equivalent to driving 6,784 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,355
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 3.2 tons a year
  • Equivalent to planting 147 trees a year
  • Equivalent to driving 7,915 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$22,120
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 3.65 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,045 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$24,885
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 4.11 tons a year
  • Equivalent to planting 189 trees a year
  • Equivalent to driving 10,176 mi less a year

Halls CDP Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar energy or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. If you believe yourself eligible, we recommend using our REAP Grant eligibility tool to confirm your qualification.

Most residents can take advantage of a 30% federal income tax credit for residential solar, which makes it a feasible option in various areas of the United States. In addition, numerous state and local programs work to further encourage the adoption of solar power.

Different utilities and government organizations in Tennessee have 2 solar rebate and incentive programs.

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 good investment in Halls CDP. Over a 20 year period, a 5 kW solar system in Halls CDP, TN could save you approximately $18,042.2, with the average break even time being 9 years.

The cost of not having solar panels in Halls CDP, TN

Besides missing out on the previously mentioned savings, not having solar panels or any backup energy system leaves you totally reliant on your electric utility for power. As demonstrated by recent news, total dependence on your utility isn't always the most favorable situation.

Lately, utilities in Halls CDP have reported an average of 1.31 outages per customer annually. On average, each outage lasts for 103.2 minutes. Major events like tornadoes, equipment failure, or wildlife damage can considerably extend these durations.

Regardless of whether a backup battery is there or not, a solar panel system could reduce the pressure of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Knox County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems have a higher initial cost, the cost per watt declines. Many consumers find it advantageous to install a system that can generate enough electricity to offset the entirety of their electric bill. This math makes the most sense for optimal savings.

Make & Model - Just like any other product, solar panels and mounting equipment are available in a variety of makes and models. The potential brand preferences of your chosen installer make it crucial to pick a recommended contractor. Opting for better quality equipment usually provides a more satisfying long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have become the industry standard, and for good reason. They are costlier but generate more energy. Most professionals in solar installation work with panels crafted from this material.

Your Property - Each property and home has its own characteristics. Factors such as trees, sloping terrain, or additional considerations can make the installation more challenging. Using satellite images, most solar installers these days can evaluate your home and incorporate these considerations into the preliminary cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these expenses are transferred to the consumers. Businesses paying higher wages typically get better reviews for their work and customer service.

Permitting & Interconnection - Depending on the area, local permitting and utility interconnection fees will influence the cost of your installation. Reliable local installers will build these figures into your first estimates to eliminate any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Halls 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.

Halls CDP, TN Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Halls CDP, TN as of October, 2024 is $3.95/W. For a 5 kW solar panel system, the total cost in Halls CDP, TN after federal tax credits is around $13,825.

  • At present, there are 2 rebates and incentives available to Tennessee residents from various utility and government programs. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • While cash payments offer the most savings, there are now many financing options for solar panels that are also advantageous. Information about financing options is typically detailed in initial quotes provided by installers.

  • Yes, homeowners in Halls CDP, TN generally see a payback time of 9 years for 5 kW solar panel systems, with electricity savings averaging $18,042.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01