Solar Panels Cost 19k-30k in Smyrna, TN | October, 2024

Solar Panels Cost $19k-$30k in Smyrna, TN | October, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

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

On average, in Smyrna, TN in the month of October, 2024, the cost per watt for going solar is $3.97/W.

Stemming from this rate, we can conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,970 for installation. A 5 kW solar panel install in Smyrna averages approximately $13,895 after accounting for the 30% federal income tax credit. Remember, a more extensive system may be needed to fully meet your energy demands effectively.

By selecting your county on the left, you can find out the typical roof size and the maximum capacity for residential solar on homes in your area. The following summary, below, highlights 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.
Smyrna: $13,895US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Smyrna: 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.
Smyrna: $14,561US Average: $15,784

Solar Potential in Smyrna

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

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.4kkWh AC per yr.

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

On average, the electric bill for a Smyrna resident is $143.38, and they use 1,244 kWh each month. Apartments and compact residences with reduced energy consumption are included in this statistic.

Smyrna, TN's electricity rate is 11.52¢ per kWh in October 2024.

Typical electricity users in Smyrna may require a solar power system of 11 kW or larger to meet their entire electricity consumption needs. Installing a an 11 kW solar panel installation will cost around $43,670 before applying incentives, but with the federal income tax credit, you can get 30% back, bringing the total to $30,569.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Smyrna

Presented on the left, you will find a price breakdown for various solar panel system sizes installed in Smyrna. A larger solar array will naturally cost more, but it will also provide higher electricity savings and higher income tax credits.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $143.38 in Smyrna. Swap the $143.38 with your average electricity bill for custom results.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,453
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 2.97 tons a year
  • Equivalent to planting 137 trees a year
  • Equivalent to driving 7,361 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$22,232
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 3.4 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,413 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$25,011
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 3.82 tons a year
  • Equivalent to planting 176 trees a year
  • Equivalent to driving 9,464 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$27,790
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $143
  • 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
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,922 a year
Est. Price
$30,569
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $143
  • Full payback in 18 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

Smyrna Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a practical solution in numerous parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.

A variety of utilities and governmental bodies in Tennessee provide 2 solar rebate and incentive programs.

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 expecting to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in Smyrna. If you install a 5 kW solar system in Smyrna, TN, you might save $20,516.2 over 20 years on average, with a break even point at approximately 8 years.

The cost of not having solar panels in Smyrna, TN

The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. As recent examples in the news have shown, total dependence on your utility provider is not always ideal.

The utilities in Smyrna have averaged about 1.33 outages per customer per year recently. The average length of an outage is 85.6 minutes. However, during significant events such as high winds, grid management errors, or planned maintenance, this duration can grow considerably.

A solar energy system, with or without a backup battery, could help reduce the effects of any future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Rutherford County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - Even if the initial expense is greater, the price per watt decreases with larger solar panel systems. Consumers often find that setting up a solar system that can fully cover their electric bill is extremely useful. This method leads to greater savings.

Make & Model - There are a variety of makes and models of solar panels. Because the installer you select might have specific brand preferences, choosing a reputable installer is especially important. For consumers wanting a superior long-term experience, opting for better quality models is important.

Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for valid reasons. Although the cost is higher, they provide more energy. The majority of installers use these panels.

Your Property - Every home and property differs in its own way. Challenges like sloped land, trees, or other hindrances can increase the difficulty of installing solar panels. Many solar installers now are able to leverage satellite imagery to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Companies that invest in higher wages usually see higher reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which vary by area. Good local installers will build these figures into your preliminary estimates to eliminate any surprises.

See what solar panels cost in other TN cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Smyrna?

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.

Smyrna, TN Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Smyrna, TN is $3.97/W. A 5 kW solar panel system will cost you around $13,895 in Smyrna, TN after the federal tax credit is applied.

  • There are 2 rebates and incentives available in Tennessee from a range of utility providers and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.

  • Cash payments provide the greatest savings, but numerous financing options for solar panels that are financially advantageous are now available. Many installers work with financing partners and will include this information in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Smyrna, TN is 8 years, with expected savings of $20,516.2 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01