Solar Panels Cost 19k-30k in Mount Carmel, TN | October, 2024

Solar Panels Cost $19k-$30k in Mount Carmel, TN | October, 2024

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How much do solar panels cost in Mount Carmel, TN in 2024?

For solar systems in Mount Carmel, TN, the price per watt in October, 2024 is around $3.92/W.

Put another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,920 to get your system installed in . Subtracting the 30% federal tax credit, a 5 kW solar installation in Mount Carmel typically costs $13,720. It's worth noting that a larger system may be necessary to fully meet your energy requirements.

To the left, you can choose your county to view the average roof size and the maximum capacity of solar panel systems for houses in your area. Find below a detailed overview of the {price|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.
Mount Carmel: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Mount Carmel: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Mount Carmel: $19,448US Average: $15,784

Solar Potential in Mount Carmel

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 14.5kkWh AC per yr.

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

The average electricity bill in Mount Carmel, for a usage of 1,232 kWh per month, is $162.70. Smaller homes, such as micro-apartments, are also included in the data mentioned in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in Mount Carmel, TN amounts to 13.2¢.

The average electricity user in Mount Carmel will require an 11 kW or more solar setup to account for their full electricity requirements. Upfront, an 11 kW solar panel installation is priced at around $43,120, with a 30% tax credit, the total comes down to $30,184.

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Average solar panel costs by system size in Mount Carmel

Shown below and to the left, you can find a detailed pricing structure for multiple solar panel system sizes installed in Mount Carmel. With larger solar systems, the price increases, but so do the electricity savings and the income tax credits you can gain.

The solar panel calculator, positioned to the right and below, provides a detailed cost and benefit analysis based on a typical $162.70 electric bill for Mount Carmel. For personalized results, adjust the $162.70 to what your average electricity bill is.

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 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.83 tons a year
  • Equivalent to planting 130 trees a year
  • Equivalent to driving 6,996 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 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.23 tons a year
  • Equivalent to planting 148 trees a year
  • Equivalent to driving 7,995 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 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.63 tons a year
  • Equivalent to planting 167 trees a year
  • Equivalent to driving 8,995 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 $158
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 4.04 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,994 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,082 a year
Est. Price
$30,184
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $163
  • Full payback in 15 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

Mount Carmel Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar energy or wind energy systems. Think you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is available to most people, making solar a practical option in various states. A multitude of state and local programs are in place to encourage the use of solar energy.

Tennessee residents have access to 2 solar rebate and incentive initiatives from multiple utilities and governmental organizations.

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 to own your residence longer than the solar system's payback period, solar panels are a good investment in Mount Carmel. If you install a 5 kW solar system in Mount Carmel, TN, you might save $25,328 over 20 years on average, with a break even point at roughly 7 years.

The cost of not having solar panels in Mount Carmel, TN

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and makes you fully reliant on your electric utility for electricity. As we've seen in numerous recent news reports, complete reliance on your utility is not always ideal.

Recently, utilities in Mount Carmel have averaged an average of 1.98 outages per customer annually. On average, an outage lasts 312.72 minutes. When major events such as aging infrastructure, tornadoes or construction accidents occur, these durations can increase significantly

Whether featuring a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Hawkins County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Mount Carmel, TN?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Many consumers realize it's a good idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them reduce costs.

Make & Model - Solar panels and mounting equipment are available in a range of makes and models. It's important to choose a highly rated contractor, considering the brand preferences that contractors may have. Buyers often find that using better quality equipment leads to a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and for good reason. Although they are pricier, they provide increased energy. The majority of installers utilize panels made from this material.

Your Property - Each property and home presents unique challenges. Irregular terrain, trees, or other obstructions may complicate the installation process. These days, the majority of solar installers can assess your home with satellite images and incorporate these considerations in the first cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately borne by consumers. It is often observed that businesses with higher wages garner superior reviews for their work and customer service.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which differ by area. Quality local installers will incorporate these figures into your preliminary 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 Mount Carmel?

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.

Mount Carmel, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Mount Carmel, TN is $3.92/W. With the federal tax credit, the cost of a 5 kW solar panel system in Mount Carmel, TN drops to roughly $13,720.

  • There are 2 rebates and incentives available in Tennessee from a range of utility providers and government organizations. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also cost-effective. Information about financing options is typically detailed in initial quotes provided by installers.

  • Yes, in Mount Carmel, TN, 5 kW solar panel systems typically pay off in 7 years, and users save around $25,328 in electricity costs over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01