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

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

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

To go solar in October, 2024 in Ripley, TN costs, on average, $3.92/W.

It will cost you $3,920, on average, per 1K (or 1000 watts) your panels is able to generate. When you deduct the 30% federal tax credit, you can expect to spend around $13,720 for a 5 kW solar setup in Ripley. Subject to your energy usage habits, you could require a bigger system.

To the left, you can choose your county to view the average roof size and the average maximum production capacity for residential solar on houses in your area. Below is a full 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.
Ripley: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Ripley: 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.
Ripley: $16,810US Average: $15,784

Solar Potential in Ripley

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

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

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

On average, Ripley energy consumers have a monthly electric bill of $151.71 and use 1,202 kWh. Please note that this number also encompasses data from smaller residential units, including apartments.

The rate of electricity in Ripley, TN, on average, is 12.62¢ per kWh for October 2024.

In Ripley, typical users has to have a system size of 10 kW or greater to fully take care of their full power needs. Currently, a 10 kW setup costs around $39,200 before incentives, with the 30% federal tax credit, the price lowers to $27,440.

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Average solar panel costs by system size in Ripley

On your left, we've provided a detailed cost breakdown for the various solar panel system sizes installed in Ripley. Of course, with a more extensive solar system, you will have a higher upfront cost, but the advantages include greater energy savings and more substantial 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 $151.71electric bill in Ripley. To get custom results, adjust the $151.71 to match your average electricity payment.

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 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.6 tons a year
  • Equivalent to planting 119 trees a year
  • Equivalent to driving 6,431 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 3.03 tons a year
  • Equivalent to planting 139 trees a year
  • Equivalent to driving 7,502 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 12 years
Environmental Impacts
  • Reduces CO2 emissions by 3.46 tons a year
  • Equivalent to planting 159 trees a year
  • Equivalent to driving 8,574 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 3.9 tons a year
  • Equivalent to planting 179 trees a year
  • Equivalent to driving 9,646 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 $152
  • 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

Ripley Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing solar or wind turbines for rural farmlands and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. To see if you qualify, use our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is offered to nearly everyone, making solar power a good investment in many parts of the country. A range of state and local initiatives are offered to support the use of solar energy.

There are 2 solar rebate and incentive programs currently available 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 your plan is to stay in your home past the time it takes to pay off your solar system, opting for solar panels is a good move in Ripley. A 5 kW system in Ripley, TN will help you save the average homeowner, on average, $22,690.4 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Ripley, TN

The absence of solar panels or an alternative energy backup means that you miss out on the savings mentioned earlier and depend on your electric utility for electricity. The news has given several examples highlighting that full reliance on your utility isn't always the best idea.

Customers in Ripley have experienced around 0.93 outages per year on average. Each outage lasts an average of 147.46 minutes. In the case of major events such as grid management errors, hurricanes or vandalism, this period can increase substantially.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Lauderdale County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt drops as the size of the system expands. Installing a solar system that generates sufficient electricity to eliminate their electric bill is beneficial to most consumers, leading to savings.

Make & Model - There are numerous brands and models of solar panels and mounting equipment. Since your installer may prefer particular systems, it's important to choose a highly rated company. Opting for higher quality equipment generally provides a more satisfying long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have taken over as the standard in the industry, and it's easy to see why. They are associated with a higher price, but they provide more energy. The majority of solar panel installers prefer this kind of material.

Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or additional challenges may add to the complexity of the installation. Solar installers currently have the ability to utilize satellite images to evaluate your home and incorporate these elements in the initial cost estimate.

Labor Rates - The wage differences between companies result in costs that are passed on to the consumers. Businesses frequently receive higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - The local permitting and utility interconnection fees, which change by region, will affect your final installation price. Reliable local installers will build these figures into your initial 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 Ripley?

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.

Ripley, TN Solar Panel Cost FAQs

  • In October, 2024, the average cost of solar panels per watt in Ripley, TN is $3.92/W. Installing a 5 kW solar panel system in Ripley, TN will cost approximately $13,720 after applying the federal tax credit.

  • Various utility providers and government organizations in Tennessee are offering 2 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Choosing to pay cash offers the most savings, but today there are many financing options for solar panels that are also financially advantageous. Information about financing options will often be included in your initial quotes by many installers.

  • Yes, the payback period for 5 kW solar energy systems in Ripley, TN averages 8 years, with electricity savings of about $22,690.4 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01