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

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

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

In Paris, TN, the price per watt of solar panels is around $3.92 per watt in October, 2024.

Put another way, solar panels will cost you about $3,920 per 1 kW (or 1000 watts) of generation capacity. In Paris, you can expect to spend around $13,720 for a 5 kW system once the 30% federal income tax credit is factored in. It's important to note that a more extensive system might be essential to meet your energy demands.

To the left, you can select your county to find the typical roof size and average maximum capacity for solar panel systems on homes in your area. See below a full breakdown 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.
Paris: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Paris: 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.
Paris: $12,980US Average: $15,784

Solar Potential in Paris

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

Roof size 858sq. ft.
Capacity 12kW DC
Electricity 14.2kkWh AC per yr.

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

For Paris energy consumers, the average electric bill is $135.75 per month, with a usage of 1,147 kWh. These numbers encompass apartments and other smaller homes with lower energy needs.

The mean rate for electricity in Paris, TN during October, 2024 is 11.84¢ per kWh.

In Paris, a system size of 10 kW or higher is needed for the average energy user to account for their full power usage demands. The cost of a a 10 kW solar installation is approximately $39,200 initially, but the federal tax credit provides a 30% credit, lowering your final cost to $27,440.

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Average solar panel costs by system size in Paris

Displayed below and to the left, you can find a detailed price breakdown for different solar panel system sizes set up in Paris. A larger solar array will expectedly cost more, but it will also provide more significant electricity savings and increased income tax credits.

In the solar panel cost calculator located down and to the right, you can examine a cost and benefit breakdown to match an average $135.75electric bill in Paris. To get customized results, just adjust the $135.75to match your usual electricity bill amount.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$16,464
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $87
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.68 tons a year
  • Equivalent to planting 123 trees a year
  • Equivalent to driving 6,634 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,208
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.13 tons a year
  • Equivalent to planting 144 trees a year
  • Equivalent to driving 7,740 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$21,952
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $116
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.57 tons a year
  • Equivalent to planting 164 trees a year
  • Equivalent to driving 8,846 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$24,696
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $131
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 4.02 tons a year
  • Equivalent to planting 185 trees a year
  • Equivalent to driving 9,951 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$27,440
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $136
  • 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

Paris Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farms might have their photovoltaic 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.

For those looking into residential solar, the 30% federal income tax credit is accessible to almost all homeowners, which makes solar a sensible option in many states. Alongside federal efforts, state and local programs help to support the use of solar power.

Residents of Tennessee can access 2 solar rebate and incentive programs from a range of utilities and governmental 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 those in Paris looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. Over a 20 year period, a 5 kW solar system in Paris, TN could save you approximately $18,860, with the average break even time being 8 years.

The cost of not having solar panels in Paris, TN

Without solar panels or another energy backup source, you miss out on the savings discussed earlier and are completely dependent on your electric utility for power. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.

Lately, utilities in Paris have reported an average of 6.06 outages per customer annually. Each outage lasts an average of 411.49 minutes. In the case of major events such as thunderstorms, overloaded power grids, or vandalism, this period can increase substantially.

Having a solar panel system, with or without a backup battery, could lessen the pressure of any future outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Henry County.

Learn more

Customers Out:

0

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

Your Energy Needs - Although the initial cost is greater, the cost per watt drops with larger solar panel systems. Installing a solar panel system that can cover the electric bill is advantageous to individuals because of the reduced long-term costs.

Make & Model - Solar panels and mounting equipment are offered in a wide variety of makes and models. The installer you select may have specific brand preferences, so it's crucial to choose a highly rated company. Better equipment generally result in an better long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have become the industry standard, and for good reason. These panels have a higher cost but yield more energy. Most installers in the industry utilize panels made of this material.

Your Property - Each property and home has its own characteristics. Factors like sloped land, trees, or additional hurdles can make the installation more challenging. Most solar installers currently use satellite imagery to assess your home and factor in these elements into the first cost estimate.

Labor Rates - Employees receive varied wages from different companies, and these costs are handed down to the consumers. Companies typically receive higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - The cost of your installation will be influenced by the local permitting and utility interconnection fees, which change depending on the area. Quality local installers will integrate these figures into your first 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 Paris?

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.

Paris, TN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Paris, TN has reached $3.92/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Paris, TN is roughly $13,720.

  • Homeowners in Tennessee can take advantage of 2 different rebates and incentives from a variety of utility companies and government agencies. Moreover, the 30% federal tax credit is accessible to nearly everyone.

  • Paying cash yields the most savings, but there are now several financing options for solar panels that are also financially beneficial. Many installers have partnerships with financing companies and will include this information in your initial quotes.

  • Yes, in Paris, TN, 5 kW solar panel systems typically pay off in 8 years, and users save around $18,860 in electricity costs over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01