Solar Panels Cost 20k-32k in Millersville, TN | October, 2024

Solar Panels Cost $20k-$32k in Millersville, TN | October, 2024

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

For solar panels in Millersville, TN, the cost per watt in October, 2024 is around $4.18/W.

Put another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $4,180 to get your system installed in . A 5 kW solar panel system in Millersville averages about $14,630 after accounting for the 30% federal income tax credit. Please consider, a 5kW system may not be enough to fulfill your energy needs.

To the left, you can select your county to determine the typical roof size and average maximum capacity for solar panels on homes in your area. Displayed below is an overview of the costs, 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.
Millersville: $14,630US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Millersville: 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.
Millersville: $17,913US Average: $15,784

Solar Potential in Millersville

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

Roof size 983sq. ft.
Capacity 13.75kW DC
Electricity 16.3kkWh AC per yr.

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

The typical electricity usage in Millersville is 1,258 kWh per month, resulting in a $161.72 monthly electric bill average. Compact apartments are also encompassed in the figures cited in the prior sentence. The lower energy use in these types of dwellings impacts those averages.

For October 2024, the mean electricity rate in Millersville, TN amounts to 12.85¢ per kWh.

In Millersville, a system size of 11 kW or more is required for the average energy consumer to satisfy their entire power consumption needs. The cost for aan 11 kW solar setup comes to $45,980 upfront, but after the 30% tax credit, the total cost drops to $32,186.

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Average solar panel costs by system size in Millersville

On the left side below, the pricing details for multiple sizes of the solar panel systems installed in Millersville is displayed. When you opt for a bigger solar system, the cost is larger, but it also results in higher electricity savings and a more substantial income tax credit.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $161.72 in Millersville. If you seek more customized results, just adjust the $161.72 to whichever your typical electricity bill is.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$20,482
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 2.84 tons a year
  • Equivalent to planting 131 trees a year
  • Equivalent to driving 7,039 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$23,408
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 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,045 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$26,334
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 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,050 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$29,260
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $158
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 4.06 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,056 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$32,186
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $162
  • Full payback in 17 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

Millersville Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. If you believe you might qualify, we suggest trying our REAP Grant eligibility tool to check.

Nearly all residents are eligible for the 30% federal income tax credit for residential solar, making it a feasible option in numerous states throughout the country. Additionally, a variety of state and local programs are available to promote solar adoption.

There are 2 solar rebate and incentive programs currently offered in Tennessee by multiple utilities and government bodies.

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 you intend to own your residence longer than the solar system's payback period, solar panels are a wise investment in Millersville. A 5 kW solar system in Millersville, TN could potentially save you $24,182.8 over the course of 20 years, with the break even point usually at 8 years.

The cost of not having solar panels in Millersville, TN

In addition to forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As recent examples in the news have shown, full reliance on your utility provider isn't always the best idea.

Annually, the average number of outages per customer in Millersville is about 1.51. The average length of an outage is 109.97 minutes. In events like winter storms, wildlife damage, or equipment failure, this duration can extend significantly.

Even without a backup battery, a solar panel system can help mitigate the strain of future outages you may face.

Power Outages

Currently, 0 customers are being tracked in Sumner County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. A lot of people find it useful to set up a solar energy system that can offset their entire electric bill. This results in maximum savings.

Make & Model - There are numerous brands and models of solar panels. The preferences for system that your contractor has may make it essential to choose a reputable installer. The use of superior models is probably will result in a more satisfactory long-term experience for buyers.

Solar Panel Type - There are valid reasons why monocrystalline panels are now considered the industry standard. Although they are pricier, they provide increased energy. Most installers work with panels crafted of this material.

Your Property - Every home and property differs in its own way. Challenges such as trees, sloped land, or additional considerations can increase the difficulty of installing solar panels. By using satellite imagery, solar installers can currently assess your home and include these considerations into the first cost estimate.

Labor Rates - The wage differences between companies result in costs that are passed on to the consumers. Higher reviews for services and customer service are often associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will vary depending on local permitting and utility interconnection fees. Experienced local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other TN cities

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Who are the best solar installers in Millersville?

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.

Millersville, TN Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Millersville, TN is $4.18/W. Post federal tax credit, a 5 kW solar panel system installation in Millersville, TN will roughly cost $14,630.

  • Currently, Tennessee residents can benefit from 2 rebates and incentives available through various utilities and government bodies. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying cash yields the most savings, but there are now numerous financing options for solar panels that are also financially beneficial. Financing details are often provided by installers and may be detailed in your initial quotes.

  • Yes, the payback period for 5 kW solar energy systems in Millersville, TN averages 8 years, with electricity savings of about $24,182.8 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01