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

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

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

The average cost per watt for a solar panel installation in Jackson, TN in October, 2024 is $3.89/W.

It will cost $3,890, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. When you consider the 30% federal tax credit, a 5 kW solar panel system in Jackson will set you back $13,615. It's vital to consider that a more extensive system could be necessary to fulfill your energy requirements.

By selecting your county on the left, you can find out the average roof size and the maximum capacity for solar panels on homes 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.
Jackson: $13,615US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Jackson: 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.
Jackson: $14,779US Average: $15,784

Solar Potential in Jackson

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

Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 14.7kkWh AC per yr.

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

The standard monthly kWh usage for a Jackson resident is 1,149, with an average monthly bill of $142.62. Flats and other smaller residences with lower energy consumption are included in this figure.

In October 2024, the electricity rate in Jackson, TN is 12.41¢ per kWh.

In Jackson, typical consumers has to have a system size of 10 kW or greater to fully account for their entire energy consumption demands. The expense for a a 10 kW solar panel installation is approximately $38,900 before any incentives, but the federal tax credit gives you back 30%, bringing the price down to $27,230.

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Average solar panel costs by system size in Jackson

To the left, you'll see a detailed price breakdown of the different sizes of solar panel systems set up in Jackson. Even though a more extensive solar installation comes with a greater cost, it also provides greater electricity savings and larger income tax credits.

In the solar panel cost calculator found below and to the right, you can see a cost and benefit breakdown to match an average $142.62electric bill in Jackson. For custom results, update the $142.62 to what your average electricity bill is.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,338
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 2.54 tons a year
  • Equivalent to planting 117 trees a year
  • Equivalent to driving 6,295 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,061
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.97 tons a year
  • Equivalent to planting 136 trees a year
  • Equivalent to driving 7,344 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$21,784
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 3.39 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,394 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$24,507
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $131
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.81 tons a year
  • Equivalent to planting 175 trees a year
  • Equivalent to driving 9,443 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$27,230
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $143
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4.16 tons a year
  • Equivalent to planting 191 trees a year
  • Equivalent to driving 10,305 mi less a year

Jackson Solar Panel Installation Incentives & Rebates | 2024

If you own a farm or small business in a rural area, the REAP Grant might cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

With the accessibility of a 30% federal income tax credit, solar energy becomes a feasible solution for most homeowners, especially in various parts of the country. Alongside federal incentives, there are many state and local initiatives to encourage solar energy adoption.

Tennessee residents have access to 2 solar rebate and incentive initiatives from different utilities and governmental 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 homeowners in Jackson looking to stay beyond the payback period of their solar system, solar panels are the best choice. In Jackson, TN, a 5 kW solar system installation might save you $20,613.8 on average over 20 years, with a usual break even point of 8 years.

The cost of not having solar panels in Jackson, TN

Without solar panels or another backup power source, you miss out on the earlier mentioned savings and are entirely dependent on your electric utility for electricity. Recent news has proven that full reliance on your utility company isn't always ideal.

The average number of outages per customer per year in Jackson is 2.08. On average, the length of an outage is 137.2 minutes. Major events like tornadoes, grid management errors, or wildlife damage can cause these durations to rise considerably.

Even without a backup battery, a solar panel system could ease the strain of possible future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Madison County.

Learn more

Customers Out:

0

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

Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt reduces as the system gets larger. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is advantageous, providing significant savings.

Make & Model - Like many other products, there are different makes and models of solar panels on the market. Your installer’s system preferences might necessitate choosing a recommended contractor. The selection of high-quality makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.

Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or other impediments may add to the complexity of the installation. Most solar installers now are able to utilize satellite imagery to assess your home and incorporate these factors in the initial cost estimate.

Labor Rates - Employees receive varying wages from different companies, and these costs are passed on to the consumers. Higher wages typically lead to companies getting better reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees vary by area and will affect your final install price. Quality local installers will build these figures into your initial estimates to prevent any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Jackson?

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.

Jackson, TN Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Jackson, TN is $3.89/W. Installing a 5 kW solar panel system in Jackson, TN will cost approximately $13,615 after applying the federal tax credit.

  • Residents of Tennessee can currently take advantage of 2 rebates and incentives offered by various utilities and government bodies. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • Even though paying cash yields the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Jackson, TN stands at 8 years, yielding average electricity savings of $20,613.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01