Solar Panels Cost 14k-25k in La Vergne, TN | October, 2024

Solar Panels Cost $14k-$25k in La Vergne, TN | October, 2024

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

To have solar panels in the month of October, 2024 in La Vergne, TN averages out to $4.11/W.

Utilizing this price per watt, we are able to conclude that for every 1 kW (1000 watts) your system can produce you will have to spend $4,110 to get your solar panels installed. After receiving the 30% federal tax credit, you can expect to pay around $14,385 for a 5 kW solar panel system in La Vergne. However, it’s important to realize that a more powerful system may be required to fulfill your energy demands.

Choose your county from the menu on the left to find the typical roof size and maximum residential solar capacity for homes in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
La Vergne: $14,385US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
La Vergne: 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.
La Vergne: $12,248US Average: $15,784

Solar Potential in La Vergne

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

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.4kkWh AC per yr.

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

La Vergne energy consumers typically have a monthly electric bill of $136.66 and use 1,060 kWh on average. Smaller houses, including condos and duplexes, are also included in the numbers cited in the previous sentence.

The mean rate for electricity in La Vergne, TN during October, 2024 is 12.89¢ per kWh.

In La Vergne, the typical energy user will need a solar power setup of 9 kW or higher to satisfy their entire power requirements. Initially, a 9 kW solar installation has a cost of $36,990, but with a 30% tax credit, the total cost is $25,893.

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Average solar panel costs by system size in La Vergne

To the left and below, the pricing details for multiple sizes of solar panel systems installed in La Vergne is shown. The investment for a more extensive solar panel setup is higher, but it also yields greater electricity savings and more substantial income tax credits.

The solar panel cost calculator, positioned to the right and below, provides a cost and benefit breakdown using an average $136.66 electric bill for La Vergne. If you desire customized results, adjust the $136.66 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
$14,385
Savings from a 5kWthis system
  • Est. yearly production 7,279 kWh
  • Est. monthly savings $79
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.4 tons a year
  • Equivalent to planting 110 trees a year
  • Equivalent to driving 5,946 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,136 a year
Est. Price
$17,262
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $95
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.88 tons a year
  • Equivalent to planting 132 trees a year
  • Equivalent to driving 7,135 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$20,139
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $110
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.36 tons a year
  • Equivalent to planting 154 trees a year
  • Equivalent to driving 8,324 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$23,016
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $126
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.84 tons a year
  • Equivalent to planting 177 trees a year
  • Equivalent to driving 9,513 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$25,893
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $137
  • Full payback in 16 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

La Vergne Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Believe you fit the criteria? Verify your eligibility with our REAP Grant eligibility tool.

For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a practical solution in various parts of the country. On top of that, there are many state and local incentives to further promote the adoption of solar energy.

Tennessee has 2 solar rebate and incentive programs provided 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 homeowners in La Vergne who intend to stay in their residence beyond the solar payback period, solar panels make an smart investment. Installing a 5 kW solar system in La Vergne, TN will, on average, save you $18,413.4 over 20 years, and you can expect to break even in about 9 years.

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

The absence of solar panels or an alternative energy backup means that you miss out on the savings noted earlier and depend on your electric utility for electricity. Recent news examples have indicated that full reliance on your utility provider is not always ideal.

Lately, customers in La Vergne have encountered an average of 1.33 utility outages each year. On average, an outage lasts 85.6 minutes. When major events such as winter storms, equipment failure, or wildlife damage occur, these durations can increase significantly

A solar panel system could lessen the burden of future outages, even if it lacks a backup battery.

Power Outages

Currently, 0 customers are being tracked in Rutherford County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even if the initial expense is higher, the price per watt decreases with larger solar panel systems. Many consumers realize it's a good idea to install a solar system that can generate enough power to fully cover their electric bill, because it helps them save more money.

Make & Model - Solar panels and mounting equipment, similar to many other products, come in a variety of makes and models. Because the installer you select might have particular brand preferences, selecting a highly rated company is especially important. The selection of superior equipment can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Although they are costlier, they provide increased energy. Many installers use panels crafted from this material.

Your Property - Elements like sloping terrain, trees, or other impediments might complicate the installation process. Today, many solar installers can assess your home with satellite images and factor in these factors in the preliminary cost estimate.

Labor Rates - Variations in employee wages across companies lead to expenses that are passed on to the consumers. Companies paying higher wages usually garner better reviews for their work and customer service.

Permitting & Interconnection - The fees for local permitting and utility interconnection, which differ by area, will impact the cost of your installation. That said, reputable local installers will be able to incorporate these numbers into your preliminary quotes so there are no surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in La Vergne?

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.

La Vergne, TN Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in La Vergne, TN is $4.11/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in La Vergne, TN is roughly $14,385.

  • Various utility providers and government organizations in Tennessee are offering 2 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Although cash payments offer the greatest savings, many financing options for solar panels now exist that are also cost-effective. Many installers will include information about their financing partners in the initial quotes they provide.

  • Yes, the average 5 kW solar panel payback period in La Vergne, TN stands at 9 years, yielding average electricity savings of $18,413.4 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01