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

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

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

Going solar in Harriman, TN is approximately $3.97/W in October, 2024.

It will cost you $3,970, on average, for every 1000 watts (1 kW) your solar panels can produce. Typically, the cost of a 5 kW solar installation in Harriman, after you deduct 30% federal tax credit, comes to $13,895. To meet your energy requirements, you could need a larger system.

On the left, select your area to find the typical roof size and the maximum production capacity for solar panels on homes in your county. Displayed below is an overview of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Harriman: $13,895US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Harriman: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Harriman: $17,583US Average: $15,784

Solar Potential in Harriman

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

Roof size 1,073sq. ft.
Capacity 15kW DC
Electricity 17.7kkWh AC per yr.

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

The average electricity cost for Harriman consumers is $155.97 per month, with a usage of 1,127 kWh. Small homes, such as micro-apartments, are also covered in the figures mentioned in the previous sentence.

For October 2024, Harriman, TN's average electricity rate is 13.84¢ per kWh.

To account for all of their energy consumption requirements of a typical user in Harriman, a solar power system of 10 kW or more is needed. The price of aa 10 kW solar setup comes to $39,700 initially, but with the 30% federal tax credit, the total cost drops to $27,790.

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Average solar panel costs by system size in Harriman

On the left side, you'll see a full pricing details of the various sizes of solar panel systems set up in Harriman. Although a bigger solar installation carries a larger expense, it also provides greater electricity savings and more substantial income tax credits.

In the solar panel cost calculator found down and to the right, you can examine a cost and benefit breakdown to match an average $155.97electric bill in Harriman. To obtain tailored results, adjust the $155.97 to match your usual electricity payment.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$16,674
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $102
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.73 tons a year
  • Equivalent to planting 125 trees a year
  • Equivalent to driving 6,748 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,427 a year
Est. Price
$19,453
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $119
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 3.18 tons a year
  • Equivalent to planting 146 trees a year
  • Equivalent to driving 7,872 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,631 a year
Est. Price
$22,232
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $136
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.63 tons a year
  • Equivalent to planting 167 trees a year
  • Equivalent to driving 8,997 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,834 a year
Est. Price
$25,011
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $153
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 4.09 tons a year
  • Equivalent to planting 188 trees a year
  • Equivalent to driving 10,121 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,038 a year
Est. Price
$27,790
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $156
  • Full payback in 15 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

Harriman 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. Wondering if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, making solar a practical option across most regions of the nation. A range of state and local incentives are in place to promote the use of solar energy.

There are 2 solar rebate and incentive programs currently available in Tennessee by various utilities and government agencies.

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 looking to stay in their home past the solar system's payback period, solar panels are a wise investment in Harriman. Having a 5 kW solar system in Harriman, TN can potentially save you roughly $23,537.8 over a span of 20 years, with an average break even point of 7 years.

The cost of not having solar panels in Harriman, TN

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings mentioned earlier and leaves you fully reliant on your electric utility for electricity. Recent news has demonstrated that complete dependence on your utility company is not always ideal.

In recent times, customers in Harriman have encountered an average of 2.39 outages per year. On average, each outage lasts for 219.8 minutes. Major events like lightning strikes, overloaded power grids, or wildlife damage can considerably extend these durations.

A solar energy system could help mitigate the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Roane County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt is lower with larger solar panel systems, even though the initial cost is higher. Consumers often realize that setting up a solar system to replace their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. The potential system preferences of your chosen contractor make it crucial to choose a reputable company. Buyers who choose high-quality materials generally enjoy a better long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They are pricier but generate more energy. Many professionals in solar installation use panels crafted from this material.

Your Property - Uneven ground, trees, or other obstructions can make the installation process more challenging. Nowadays, the many solar installers can evaluate your home with satellite images and incorporate these factors in the first cost estimate.

Labor Rates - The different wages that companies give their employees lead to costs that are ultimately borne by consumers. Reviews for work and customer service are often higher for companies that pay higher wages.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Good 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 Harriman?

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.

Harriman, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Harriman, TN is $3.97/W. After federal tax credits, the installation of a 5 kW solar panel system in Harriman, TN is estimated to cost $13,895.

  • Right now, Tennessee has 2 rebates and incentives available through a variety of utility companies and government entities. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Choosing to pay cash provides the most savings, but today there are many financing options for solar panels that are also cost-effective. Initial quotes from installers will frequently include information about available financing options.

  • Yes, solar panels systems of 5 kW in Harriman, TN typically have a payback period of 7years, with expected savings on electricity costs of $23,537.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01