Solar Panels Cost 13k-25k in Nashville-Davidson metropolitan government, TN | October, 2024

Solar Panels Cost $13k-$25k in Nashville-Davidson metropolitan government, TN | October, 2024

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How much do solar panels cost in Nashville-Davidson metropolitan government, TN in 2024?

You'll spend around $3.99/W to go solar in October, 2024 in Nashville-Davidson metropolitan government, TN.

For every 1000 watts (1 kW) your solar system can generate, you will need to invest, on average, $3,990 to have it installed. In Nashville-Davidson metropolitan government, a 5 kW solar installation will cost you, on average, $13,965 after the 30% federal income tax credit. To meet your energy needs, you may require more than a 5kW system.

On the left, you can select your county to find out the average roof size and the maximum capacity for residential solar on houses in your area. Outlined below are the price, payback period, and 20-year average 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.
Nashville-Davidson metropolitan government: $13,965US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Nashville-Davidson metropolitan government: 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.
Nashville-Davidson metropolitan government: $12,332US Average: $15,784

Solar Potential in Nashville-Davidson metropolitan government

Estimated system size and solar electricity production per median viable roof in
Nashville-Davidson metropolitan government.

Roof size 751sq. ft.
Capacity 10.5kW DC
Electricity 12.6kkWh AC per yr.

Electricity Costs in Nashville-Davidson metropolitan government, TN & What that Means for Your Solar Panel Pricing

Nashville-Davidson metropolitan government energy consumers generally use 1,010 kWh monthly, with an average monthly bill of $134.51. Keep in mind that this figure covers both apartments and smaller homes, which typically require reduced energy.

The mean rate for electricity in Nashville-Davidson metropolitan government, TN during October, 2024 is 13.32¢ per kWh.

Typical electricity users in Nashville-Davidson metropolitan government will need a solar system of 9 kW or higher to cover their entire electricity usage requirements. The expected cost is around $35,910for a 9 kW setup before incentives, but the federal tax credit gives you 30% back, lowering the cost to $25,137.

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Average solar panel costs by system size in Nashville-Davidson metropolitan government

On your left, we have displayed a thorough pricing details for various solar panel system sizes set up in Nashville-Davidson metropolitan government. More extensive solar installations come with a larger expense, yet they also offer higher electricity savings and higher income tax credits.

Refer to the solar panel cost calculator down and to the right to see the cost and benefit details derived from an average $134.51 electric bill in Nashville-Davidson metropolitan government. To get more personalized results, just adjust the $134.51to match your average electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $946 a year
Est. Price
$13,965
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 2.42 tons a year
  • Equivalent to planting 111 trees a year
  • Equivalent to driving 5,988 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,136 a year
Est. Price
$16,758
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 2.9 tons a year
  • Equivalent to planting 133 trees a year
  • Equivalent to driving 7,185 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,325 a year
Est. Price
$19,551
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 3.39 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,383 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,514 a year
Est. Price
$22,344
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 3.87 tons a year
  • Equivalent to planting 178 trees a year
  • Equivalent to driving 9,580 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,703 a year
Est. Price
$25,137
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $135
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4.14 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,250 mi less a year

Nashville-Davidson metropolitan government Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar energy or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. Confirm if you are eligible by utilizing our REAP Grant eligibility tool.

Almost all homeowners can take advantage of the 30% federal income tax credit for residential solar, making solar energy a sensible option throughout most parts of the country. Several state and local efforts are designed to boost the adoption of solar energy.

Various utilities and government agencies in Tennessee have 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 you expect to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Nashville-Davidson metropolitan government. If you install a 5 kW solar system in Nashville-Davidson metropolitan government, TN, you might save $18,317.4 over 20 years on average, with a break even point at roughly 9 years.

The cost of not having solar panels in Nashville-Davidson metropolitan government, TN

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Recent news has proven that total reliance on your utility company is not always ideal.

In recent times, the average number of utility outages per customer annually in Nashville-Davidson metropolitan government has been about 1.51. On average, the length of an outage is 109.97 minutes. Major events like overloaded power grids, wildfires or construction accidents can cause these durations to rise considerably.

With or without a backup battery, a solar panel system could help to mitigate the effects of future power interruptions you might face.

Power Outages

Currently, 0 customers are being tracked in Davidson County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Nashville-Davidson metropolitan government, TN?

Your Energy Needs - Despite the larger initial expense, the cost per watt drops when using larger solar panel systems. Many individuals find it advantageous to set up a system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for optimal savings.

Make & Model - Similar to other industries, the solar energy sector features a wide range of solar panel brands and designs. Because the installer might have certain system preferences, it's important to select a reputable installer. The utilization of better equipment is probably will provide a more positive long-term experience for buyers.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. They have a higher price, but they produce more energy. Many solar panel installers opt for this kind of material.

Your Property - Each property and home has its own unique features. Sloped land, trees, or other barriers may add to the difficulty of the installation. Most solar installers today are able to leverage satellite imagery to assess your home and include these elements in the preliminary cost estimate.

Labor Rates - Companies offer different pay rates to their employees, which are then shown in the prices consumers pay. Higher wages frequently lead to companies getting better reviews for their work and customer service.

Permitting & Interconnection - The final price of your installation will be affected by local permitting and utility interconnection fees, which vary by location. Reliable local installers will incorporate these figures into your initial estimates to prevent any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Nashville-Davidson metropolitan government?

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.

Nashville-Davidson metropolitan government, TN Solar Panel Cost FAQs

  • The cost per watt for solar panels in Nashville-Davidson metropolitan government, TN during October of 2024 averages $3.99/W. Post federal tax credit, a 5 kW solar panel system installation in Nashville-Davidson metropolitan government, TN will roughly cost $13,965.

  • In Tennessee, you have access to 2 rebates and incentives provided by numerous utilities and government organizations. In addition, the 30% federal income tax credit is available to almost everyone.

  • While paying cash ensures the greatest savings, there are now various financing options for solar panels that are also beneficial. Installers will often provide details on financing partners in the quotes they provide initially.

  • Yes, the average 5 kW solar panel payback period in Nashville-Davidson metropolitan government, TN stands at 9 years, yielding average electricity savings of $18,317.4 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01