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

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

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

To go solar costs approximately $3.92 per watt in Savannah, TN in the month of October, 2024.

Expect the price to be $3,920, on average, for every 1 kW (or 1000 watts) of solar energy your solar panel system can produce. In Savannah, you will spend approximately $13,720 for a 5 kW solar system once the 30% federal income tax credit is factored in. Don't overlook, a more powerful system may be essential to fully meet your energy demands.

To the left,choose your area to view the typical roof size and the average maximum capacity of solar panels for homes in your county. Shown below is a summary of the price, 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.
Savannah: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Savannah: 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.
Savannah: $14,895US Average: $15,784

Solar Potential in Savannah

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

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

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

The average electric bill for an energy consumer in Savannah is $143.73 and the average number of kWh used each month per household is 1,119. This statistic also encompasses data from apartments and smaller residences, which typically have less energy consumption.

Savannah, TN's electricity rate averages 12.85¢ per kWh in October 2024.

To account for the electricity requirements of a typical consumer in Savannah, a solar power system of 10 kW or higher is essential. Upfront, a 10 kW solar installation is around $39,200, with the federal tax credit providing 30% back, lowering the cost to $27,440.

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Average solar panel costs by system size in Savannah

On your left, you will see a thorough cost analysis for multiple solar panel system sizes set up in Savannah. As expected, with a larger solar system, there will be a larger initial investment, but the benefits are more electricity savings and more substantial income tax credits.

Check the solar panel cost calculator to the right and below to see the cost and benefit details based on an average $143.73 electric bill in Savannah. If you want tailored results, adjust the $143.73 to your usual electricity bill amount.

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 2.74 tons a year
  • Equivalent to planting 126 trees a year
  • Equivalent to driving 6,788 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 3.2 tons a year
  • Equivalent to planting 147 trees a year
  • Equivalent to driving 7,919 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 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,050 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 4.11 tons a year
  • Equivalent to planting 189 trees a year
  • Equivalent to driving 10,182 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 $144
  • 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

Savannah Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which renders switching to solar energy a practical choice in many regions of the U.S. Furthermore, numerous state and local programs aim to promote further adoption of solar energy.

There are 2 solar incentive and rebate initiatives in Tennessee, provided by various 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 planning to remain in their homes after the solar system's payback period, installing solar panels is a smart choice in Savannah. A 5 kW system in Savannah, TN will help you save the average homeowner, on average, $20,775.2 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Savannah, TN

In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Several recent news reports have illustrated that total reliance on your utility is not always ideal.

Annually, customers in Tennessee deal with about 2.19 outages. The average length of an outage is 167.58 minutes. However, during significant events such as landslides, grid management errors, or vandalism, this duration can grow considerably.

Even if it is without a backup battery, a solar panel system can reduce the stress of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Hardin County.

Learn more

Customers Out:

0

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

Your Energy Needs - The upfront cost for larger solar panel systems is higher, but the cost per watt reduces as the system size expands. A lot of people find it useful to install a solar energy system that can replace their entire electric bill. This ensures optimal savings.

Make & Model - Similar to other industries, the solar energy sector includes a range of solar panel brands and designs. The system preferences of your chosen installer can make it important to pick a highly rated company. The use of high-quality models can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and for valid reasons. They are associated with a higher price, but they produce more energy. Most solar panel installers opt for this type of material.

Your Property - Every property and home is distinct. Sloping terrain, trees, or other barriers can make the installation more difficult. Currently, many solar installers are able to utilize satellite images to evaluate your home and incorporate these aspects for the first cost estimate.

Labor Rates - The wages that companies give their employees vary, and these expenses are eventually passed on in consumer prices. Businesses typically receive higher reviews for their work and customer service when they pay higher wages.

Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in Savannah?

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.

Savannah, TN Solar Panel Cost FAQs

  • The cost per watt for solar panels in Savannah, TN during October of 2024 averages $3.92/W. After federal tax credits, the installation of a 5 kW solar panel system in Savannah, TN is estimated to cost $13,720.

  • Various utility providers and government organizations in Tennessee are offering 2 rebates and incentives at this time. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Opting to pay in cash provides the highest savings, but there are now numerous financing options for solar panels that make financial sense. Installers typically partner with financing companies and will include this information into your initial quotes.

  • Yes, in Savannah, TN, the average payback period for 5 kW solar panels is 8 years, resulting in average electricity savings of $20,775.2 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01