Solar Panels Cost 15k-26k in South Cleveland CDP, TN | October, 2024

Solar Panels Cost $15k-$26k in South Cleveland CDP, TN | October, 2024

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How much do solar panels cost in South Cleveland CDP, TN in 2024?

It averages out to $3.78/W to go solar in October, 2024 in South Cleveland CDP, TN.

For every 1000 watts (1 kW) your solar system can produce, you will need to spend, on average, $3,780 to have it installed. You are able to conclude this by using this rate price cost above. Typically, the cost of a 5 kW panel install in South Cleveland CDP, after you deduct 30% federal tax credit, comes to $13,230. It's vital to take into account that a higher capacity system could be needed to fully meet your energy demands.

To the left,choose your area to access information on the typical roof size and the average maximum capacity of residential solar for homes in your county. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
South Cleveland CDP: $13,230US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
South Cleveland CDP: 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.
South Cleveland CDP: $13,824US Average: $15,784

Solar Potential in South Cleveland CDP

Estimated system size and solar electricity production per median viable roof in
South Cleveland CDP.

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15.3kkWh AC per yr.

Electricity Costs in South Cleveland CDP, TN & What that Means for Your Solar Panel Pricing

Energy consumers in South Cleveland CDP usually use 1,121 kWh per month, with an average monthly bill of $136.35. Small residences, such as lofts and duplexes, are also encompassed in the figures mentioned in the prior sentence.

The electricity rate per kWh in South Cleveland CDP, TN for October 2024 averages 12.17¢.

To cover their full power consumption requirements of an average user in South Cleveland CDP, a solar power system of 10 kW or higher is a must. Currently, a 10 kW setup costs around $26,460 after incentives.

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Average solar panel costs by system size in South Cleveland CDP

Presented on the left, you will find a cost summary for different solar panel system sizes set up in South Cleveland CDP. Of course, with a bigger solar system, you will have a larger initial investment, but the rewards are higher electricity savings and larger income tax credits.

The solar panel cost calculator, positioned down and to the right, provides a breakdown of costs and benefits using an average $136.35 electric bill for South Cleveland CDP. Custom results can be gotten by adjusting the $136.35 to your typical bill amount.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$15,876
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
$18,522
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 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
$21,168
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
$23,814
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
$26,460
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $136
  • 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

South Cleveland CDP Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing solar or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. Wondering if you fall into this category? Check your eligibility with our REAP Grant eligibility tool.

Homeowners can benefit from a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option throughout much of the country. Moreover, a number of state and local programs are available to promote solar adoption.

Tennessee provides 2 solar rebates and incentives from various utility companies and government departments.

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 South Cleveland CDP intending to stay in their homes past the payback period of their solar system, solar panels make good sense. By installing a 5 kW solar system in South Cleveland CDP, TN, you can expect to save around $19,494 over 20 years, with the break even point usually being 8 years.

The cost of not having solar panels in South Cleveland CDP, TN

Skipping solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted before and be completely dependent on your electric utility for power. As recent news articles have shown, full dependence on your utility provider is not always ideal.

On average, customers in South Cleveland CDP have experienced 2.45 utility outages per year over the past few years. Typically, outages have an average duration of 222.97 minutes. However, during significant events such as equipment failure, hurricanes or wildlife damage, these times can drastically increase.

Whether equipped with a backup battery or not, a solar panel system can reduce the strain of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Bradley County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in South Cleveland CDP, TN?

Your Energy Needs - The upfront cost for larger solar panel systems is larger, but the cost per watt reduces as the system size expands. Many consumers realize it's a good idea to set up a solar system that can make enough power to offset their electric bill, because it helps them achieve greater savings.

Make & Model - There are a range of makes and models of solar panels and mounting equipment. Since your contractor may prefer particular brands, it's crucial to select a highly rated company. Choosing better quality materials can yield a much better long-term experience for the buyer.

Solar Panel Type - For several valid reasons, monocrystalline panels are now the industry standard. They come with a higher price, but they provide more energy. Most solar panel installers opt for this type of material.

Your Property - Each home and property is unique in its own way. Uneven land, trees, or additional considerations may complicate the installation. Today, the majority of solar installers can assess your home with satellite images and factor in these considerations in the preliminary cost estimate.

Labor Rates - Companies provide varying pay rates to their employees, which are then shown in the prices consumers pay. Businesses tend to receive higher reviews for their services and customer service when they pay better wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by area, will influence your installation cost. That said, reputable local installers will be able to incorporate these numbers into your first quotes so there are no surprises.

See what solar panels cost in other TN cities

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Who are the best solar installers in South Cleveland CDP?

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.

South Cleveland CDP, TN Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in South Cleveland CDP, TN is $3.78/W. Installing a 5 kW solar panel system in South Cleveland CDP, TN will cost approximately $13,230 after applying the federal tax credit.

  • Currently, Tennessee residents can benefit from 2 rebates and incentives available through various utilities and government bodies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also advantageous. Initial quotes from installers will frequently include information about available financing options.

  • Yes, the typical duration for 5 kW solar panel systems to pay back their cost in South Cleveland CDP, TN is 8 years, with electricity savings estimated at $19,494 over 20 years.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01