Solar Panels Cost 19k-30k in Henderson, TN | November, 2024

Solar Panels Cost $19k-$30k in Henderson, TN | November, 2024

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

In Henderson, TN, the cost per watt for solar panel installations is around $3.95 per watt in November, 2024.

It will cost $3,950, on average, for every 1000 watts (1 kW) your solar system is able to generate. When you deduct the 30% federal tax credit, the cost of a 5 kW solar system in Henderson generally comes out to around $13,825. Please consider, a 5kW system may not be big enough to adequately cover your energy consumption.

To the left, you can choose your county to find the average roof size and the average maximum capacity for solar panel systems on homes in your area. The following overview, 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.
Henderson: $13,825US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Henderson: 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.
Henderson: $19,795US Average: $16,169

Solar Potential in Henderson

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 14.2kkWh AC per yr.

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

Henderson residents typically consume 1,300 kWh of electricity each month, with bills around $164.77. It’s worth noting that this number accounts for apartments and other smaller dwellings, which generally require lower energy consumption.

In November 2024, the electricity rate in Henderson, TN is on average 12.67¢ per kWh.

In Henderson, a system size of 11 kW or larger is a must for the typical electricity consumer to account for their full energy needs. At this time, an 11 kW solar panel system will initially set you back around $43,450, but the 30% tax credit lowers the cost to $30,415.

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Average solar panel costs by system size in Henderson

On the left, you will find a cost breakdown for various solar panel system sizes set up in Henderson. Of course, a bigger solar system implies a higher upfront cost, but it also leads to greater electricity savings and higher income tax credits.

The calculator below and to the right gives a detailed summary of solar panel costs and benefits, based on an average electric bill of $164.77 in Henderson. For tailored results, update the $164.77 to whichever your usual electricity bill is.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$19,355
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $110
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.91 tons a year
  • Equivalent to planting 134 trees a year
  • Equivalent to driving 7,208 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$22,120
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.33 tons a year
  • Equivalent to planting 153 trees a year
  • Equivalent to driving 8,238 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$24,885
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $142
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.74 tons a year
  • Equivalent to planting 172 trees a year
  • Equivalent to driving 9,268 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$27,650
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $158
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,298 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$30,415
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $165
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 4.35 tons a year
  • Equivalent to planting 200 trees a year
  • Equivalent to driving 10,773 mi less a year

Henderson Solar Panel Installation Incentives & Rebates | 2024

Rural small business owners and farmers could receive REAP Grant funding covering between 80% and 100% of their solar energy or wind turbine installation costs. Think you fit this category? Confirm your qualification with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is available to nearly everyone, which makes solar a sensible option in many states. In conjunction with federal efforts, state and local programs help to support the use of solar power.

A total of 2 solar rebates and incentives are available in Tennessee through different utility companies and government departments.

Solar incentives in TN

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 your intention is to stay in your home beyond the solar payback period, investing in solar panels is a smart option in Henderson. A 5 kW solar system in Henderson, TN might save you an average of $25,719.8 over 20 years, with the break even point generally being 7 years.

The cost of not having solar panels in Henderson, TN

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. The news has recently pointed out that complete dependence on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Henderson has been 2.67 annually. Each outage, on average, lasts for 234.4 minutes. In the case of major events like aging infrastructure, earthquakes or planned maintenance, this period can rise substantially.

With or without a backup battery, a solar panel system could mitigate the effects of future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Chester County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a larger upfront cost, but the cost per watt decreases as the system size expands. Installing a solar panel system that can replace the electric bill is useful to homeowners because of the money saved.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. The brand preferences of your selected installer can make it essential to choose a highly rated company. Buyers often find that employing better quality makes and models leads to a more satisfactory long-term experience.

Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. They come with a higher price, but they provide more energy. Many solar panel installers prefer this type of material.

Your Property - Elements like sloped land, trees, or additional hurdles might complicate the installation process. Solar installers currently have the ability to use satellite images to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - The different employee wages paid by companies lead to costs that consumers ultimately bearing . Companies that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. 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 Henderson?

Core Development Group

(201) 825-2195

Services

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

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • 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.
  • Consulting on all things solar related.

Dividend Finance

Cincinnati, OH(415) 805-7000

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.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

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.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Reparation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

LightEdison

Denver, CO(888) 966-6377

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

Solar Plus

Atlanta, GA(470) 378-1182

Services

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

Henderson, TN Solar Panel Cost FAQs

  • As of November, 2024, the average per-watt cost for solar panels in Henderson, TN is $3.95/W. With the federal tax credit, the cost of a 5 kW solar panel system in Henderson, TN drops to roughly $13,825.
  • There are 2 rebates and incentives available in Tennessee from a range of utility providers and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.
  • Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also advantageous. Financing options are frequently available through installers and will be specified in your initial quotes.
  • Yes, on average, 5 kW solar panels in Henderson, TN pay for themselves in 7 years, with homeowners saving approximately $25,719.8 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-11-05