Solar Panels Cost 13k-24k in La Follette, TN | October, 2024

Solar Panels Cost $13k-$24k in La Follette, TN | October, 2024

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How much do solar panels cost in La Follette, TN in 2024?

For solar panel installations in La Follette, TN, the cost per watt in October, 2024 is around $3.92/W.

In accordance with this price, we are able to come to the conclusion that for every 1 kW (1000 watts) your solar panels can produce, you will have to spend, on average, $3,920 for installation. In La Follette, you will pay about $13,720 for a 5 kW solar installation after subtracting the 30% federal income tax credit. Keep in mind that a higher capacity system could be essential to fully meet your energy demands.

To the left, you can choose your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. You can also see an analysis of 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.
La Follette: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
La Follette: 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.
La Follette: $15,560US Average: $15,784

Solar Potential in La Follette

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 13.8kkWh AC per yr.

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

Energy consumers in La Follette typically pay $146.50 per month for electricity, with a typical monthly usage of1,087 kWh. These statistics include apartments and other smaller residences with less energy consumption.

La Follette, TN's electricity rate averages 13.48¢ per kWh in October 2024.

In La Follette, the average electricity user requires a solar power setup of 9 kW or higher to meet their full power needs. Presently, a 9 kW solar installation will be priced at around $35,280 before incentives, but the 30% federal tax credit will return 30%, reducing the price to $24,696.

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Average solar panel costs by system size in La Follette

To the left below, you can see the price breakdown for multiple sizes of the solar panel systems installed in La Follette. With larger solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

Check the solar panel cost calculator below and to the right to see the cost and benefit details derived from an average $146.50 electric bill in La Follette. If you want personalized results, modify the $146.50 to your typical electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $946 a year
Est. Price
$13,720
Savings from a 5kWthis system
  • Est. yearly production 7,279 kWh
  • Est. monthly savings $79
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.24 tons a year
  • Equivalent to planting 103 trees a year
  • Equivalent to driving 5,541 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,136 a year
Est. Price
$16,464
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $95
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.69 tons a year
  • Equivalent to planting 123 trees a year
  • Equivalent to driving 6,649 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$19,208
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $110
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.13 tons a year
  • Equivalent to planting 144 trees a year
  • Equivalent to driving 7,757 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$21,952
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.58 tons a year
  • Equivalent to planting 165 trees a year
  • Equivalent to driving 8,866 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$24,696
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $142
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.03 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,974 mi less a year

La Follette Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your photovoltaic or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. To see if you qualify, use our REAP Grant eligibility tool.

For residential solar installations, almost all homeowners are eligible for a 30% federal income tax credit, which makes solar energy a feasible choice in many parts of the country. Moreover, many regional and state programs are set up to encourage more people to switch to solar power.

Different utilities and governmental bodies in Tennessee offer 2 solar rebate and incentive initiatives.

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, installing solar panels is a wise option in La Follette. In La Follette, TN, a 5 kW solar system installation might save you $21,440 on average over 20 years, with a standard break even point of 8 years.

The cost of not having solar panels in La Follette, TN

The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Full reliance on your utility is not always ideal as the news has recently shown.

Yearly, customers in La Follette have experienced approximately 5 utility outages.Yearly, customers in La Follette have experienced approximately 5 utility outages. On average, an outage lasts 384 minutes. When major events such as thunderstorms, vandalism, or overloaded power grids occur, these durations can increase significantly

A solar panel system with (or without) a backup battery could ease the stress of future outages you face.

Power Outages

Currently, 0 customers are being tracked in Campbell County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in La Follette, TN?

Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the greater upfront expense. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.

Make & Model - Just like other products, solar panels are offered in a wide variety of makes and models. Given the brand preferences that your installer may have, it's important to select a highly rated contractor. The use of better makes and models can greatly enhance the long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and justifiably so. They come with a higher price, but they provide more energy. The majority of solar panel installers prefer this material.

Your Property - Every home and property is unique. Sloped land, trees, or v can increase the complexity of the installation. Solar installers nowadays typically utilize satellite imagery to assess your home and factor in these factors into the preliminary cost estimate.

Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Companies that pay higher wages frequently garner higher reviews for their work and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Good local installers will build these figures into your first estimates to avoid any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in La Follette?

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.

La Follette, TN Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in La Follette, TN is $3.92/W. Installing a 5 kW solar panel system in La Follette, TN will cost approximately $13,720 after applying the federal tax credit.

  • Tennessee offers 2 different rebates and incentives from a range of utilities and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Even though cash payments provide the greatest savings, many financing options for solar panels today 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 La Follette, TN is 8 years, with expected savings of $21,440 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01