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

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

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

Going solar is about $3.92 per watt in October, 2024 in Morristown, TN.

Or in other words, solar panel installations will cost you about $3,920 per 1 kW (or 1000 watts) of production capacity. In Morristown, after the 30% federal income tax credit, a 5 kW solar installation sets you back $13,720. Please consider, a 5kW system may not be sufficient to fulfill your energy requirements.

To the left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panels in homes in your area. Below, you can find a complete summary of the price, payback period, and 20-year typical 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.
Morristown: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Morristown: 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.
Morristown: $14,607US Average: $15,784

Solar Potential in Morristown

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

Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 14.6kkWh AC per yr.

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

Energy consumers in Morristown pay an average of $142.53 per month for electricity, consuming 1,111 kWh on average. Please note that this figure also encompasses data from smaller residential units, including apartments.

For October 2024, the mean electricity rate in Morristown, TN is 12.83¢ per kWh.

If you’re a typical electricity consumer in Morristown, you may need a solar panel system sized at 10 kW or larger to account for all your electricity needs. The initial cost for a 10 kW solar panel system will be $39,200, but with a 30% tax credit, your cost is reduced to $27,440.

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Average solar panel costs by system size in Morristown

On the left side, you'll see a detailed price breakdown of the multiple sizes of solar panel systems set up in Morristown. The investment for a larger solar panel setup is greater, but it also provides greater electricity savings and more substantial income tax credits.

The calculator down and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $142.53 in Morristown. Change the $142.53 to your usual electricity bill payment for results that are personalized.

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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.76 tons a year
  • Equivalent to planting 127 trees a year
  • Equivalent to driving 6,835 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 3.22 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,974 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 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.68 tons a year
  • Equivalent to planting 169 trees a year
  • Equivalent to driving 9,114 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 4.14 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,253 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,893 a year
Est. Price
$27,440
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 4.17 tons a year
  • Equivalent to planting 192 trees a year
  • Equivalent to driving 10,329 mi less a year

Morristown Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and agricultural operations might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.

With the 30% federal income tax credit, nearly all homeowners are eligible for residential solar, making it a practical option in many regions in the United States. Moreover, several state and local efforts are in place to further boost the adoption of solar energy.

Multiple utilities and government bodies in Tennessee have 2 solar rebate and incentive programs.

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 expect living in your home longer than the solar system's payback period, adding solar panels is an smart decision in Morristown. By installing a 5 kW solar system in Morristown, TN, you can expect to save roughly $20,487.2 over 20 years, with the break even point generally being 8 years.

The cost of not having solar panels in Morristown, TN

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. The media has highlighted several cases where complete reliance on your utility isn't always the best scenario.

Lately, the average number of utility outages per customer in Morristown has been 2.21 annually. The average duration of each outage is 163.48 minutes. During severe events like lightning strikes, wildlife damage, or overloaded power grids, these times can grow significantly longer.

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

Power Outages

Currently, 0 customers are being tracked in Hamblen County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt declines as the system size increases. Individuals often find that installing a solar system that can fully cover their electric bill is very advantageous. This method ensures increased savings.

Make & Model - Just like many products, solar panels are available in a variety of makes and models. The potential system preferences of your chosen installer make it essential to choose a highly rated installer. Choosing superior quality materials can result in a much better long-term experience for the buyer.

Solar Panel Type - For good reasons, monocrystalline panels have become the industry standard. Although they are costlier, they generate increased energy. Most installers utilize panels made of this material.

Your Property - Each property and home has its own unique features. Trees, uneven land, or other challenges may add to the difficulty of the installation. Currently, satellite images allow the majority of solar installers to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies pay different wages to their employees, and these costs are eventually borne by the consumers. Higher reviews for services and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be affected by different local permitting and utility interconnection fees. That said, reputable local installers will be able to integrate 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 Morristown?

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.

Morristown, TN Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Morristown, TN is $3.92/W. The approximate cost of a 5 kW solar panel system in Morristown, TN, after deducting federal tax credits, is $13,720.

  • Right now, Tennessee has 2 rebates and incentives available through a variety of utility companies and government entities. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Cash payments offer the highest savings, yet numerous financing options now available for solar panels are cost-effective as well. Installers frequently offer financing options and will include them in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Morristown, TN is 8 years, with expected savings of $20,487.2 on electricity over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01