Solar Panels Cost 17k-29k in Sevierville, TN | October, 2024

Solar Panels Cost $17k-$29k in Sevierville, TN | October, 2024

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

To get solar panels installed costs approximately $4.26 per watt in Sevierville, TN in the month of October, 2024.

This means that, for every 1000 watts (or 1 Kw) your system can generate you will spend $4,260 to get your system installed in . When you subtract the 30% federal tax credit, you can expect to pay around $14,910, in Sevierville, for a 5 kW system. However, a 5kW system may not be large enough to fulfill your energy demands.

On the left-hand side, you can pick your county to determine the average roof size and the maximum capacity for solar panel systems in residences in your area. Below is a full breakdown of 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.
Sevierville: $14,910US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Sevierville: 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.
Sevierville: $10,654US Average: $15,784

Solar Potential in Sevierville

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

Roof size 947sq. ft.
Capacity 13.25kW DC
Electricity 15.8kkWh AC per yr.

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

Energy consumers in Sevierville usually use 1,158 kWh per month, with an average monthly bill of $133.14. Compact dwellings, such as townhouses and condos, are also included in the statistics mentioned in the previous sentence.

In October 2024, Sevierville, TN's mean electricity rate is 11.5¢ per kWh.

In Sevierville, a typical electricity consumer's requirements should be entirely covered by a solar system of 10 kW or more. Presently, a 10 kW solar installation will cost approximately $42,600 before incentives, but the federal tax credit will give you back 30%, lowering the cost to $29,820.

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Average solar panel costs by system size in Sevierville

On your left, we present a comprehensive cost analysis for multiple solar panel system sizes set up in Sevierville. As expected, a more extensive solar system requires a higher upfront cost, but it also leads to greater electricity savings and higher income tax credits.

Refer to the solar panel cost calculator to the right and below to see the cost and benefit details calculated from an average $133.14 electric bill in Sevierville. Simply replace the $133.14 with your typical electricity bill amount to see customized results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $961 a year
Est. Price
$17,892
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $80
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.51 tons a year
  • Equivalent to planting 115 trees a year
  • Equivalent to driving 6,219 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,121 a year
Est. Price
$20,874
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $93
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 2.93 tons a year
  • Equivalent to planting 135 trees a year
  • Equivalent to driving 7,255 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,281 a year
Est. Price
$23,856
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $107
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 3.35 tons a year
  • Equivalent to planting 154 trees a year
  • Equivalent to driving 8,291 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,441 a year
Est. Price
$26,838
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $120
  • Full payback in 17 years
Environmental Impacts
  • Reduces CO2 emissions by 3.77 tons a year
  • Equivalent to planting 173 trees a year
  • Equivalent to driving 9,328 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,601 a year
Est. Price
$29,820
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $133
  • Full payback in 19 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

Sevierville Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might qualify? Use our REAP Grant eligibility tool to check your eligibility.

For residential solar projects, almost everyone people are eligible for the 30% federal income tax credit, which makes solar a practical solution in many parts of the country. Moreover, many regional programs are intended to encourage more people to adopt solar power.

A total of 2 solar rebates and incentives are available in Tennessee through different utility companies and government 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?

Expecting to stay in your house beyond the solar payback period? Solar panels are a smart investment in Sevierville. Having a 5 kW solar system in Sevierville, TN can potentially save you approximately $17,043.6 over a span of 20 years, with an average break even point of 9 years.

The cost of not having solar panels in Sevierville, TN

Without solar panels or another backup power source, you lose out on the previously noted savings and are fully dependent on your electric utility for electricity. Full reliance on your utility company is not always ideal, as recent media examples have demonstrated.

Annually, the average number of outages per customer in Sevierville is about 2.12. Usually, outages have an average duration of 270.4 minutes. However, during critical events like earthquakes, wildlife damage, or equipment failure, these times can extend dramatically.

Even without a backup battery, a solar panel system could ease the burden of possible future power disruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Sevier County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size grows. It is often advantageous for homeowners to install a solar system that can make enough electricity to offset their electric bill, which results in significant savings.

Make & Model - There are a range of makes and models of solar panels. As the installer might have specific brand preferences, it's important to choose a highly rated installer. Consumers who opt for better materials usually enjoy a more favorable long-term experience.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They come with a higher price but are more energy-efficient. Many solar panel installers use panels made of this material.

Your Property - Elements like trees, sloped land, or other considerations might complicate the installation process. Many solar installers now are able to use satellite imagery to assess your home and factor in these aspects in the first cost estimate.

Labor Rates - The pay that various companies offer their employees are different, and these costs are transferred to the consumers. Companies that pay higher wages frequently garner higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be affected by the local permitting and utility interconnection fees, which differ depending on the area. Reliable installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other TN cities

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Who are the best solar installers in Sevierville?

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

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • 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

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

LightEdison

Denver, CO(888) 966-6377

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

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.

Sevierville, TN Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Sevierville, TN is $4.26/W. The cost of installing a 5 kW solar panel system in Sevierville, TN is about $14,910 post federal tax credit.

  • Residents of Tennessee can currently take advantage of 2 rebates and incentives offered by various utilities and government bodies. In addition, the 30% federal income tax credit is available to almost everyone.

  • Even though paying cash provides the most savings, there are now several financing options for solar panels that also are financially sensible. Installers will often include details on financing partners in the quotes they provide initially.

  • Yes, in Sevierville, TN, the average payback period for 5 kW solar panels is 9 years, resulting in average electricity savings of $17,043.6 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01