Solar Panels Cost 20k-32k in Sweetwater, TN | October, 2024

Solar Panels Cost $20k-$32k in Sweetwater, TN | October, 2024

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

The current cost per watt of solar panel systems in Sweetwater, TN in October, 2024 is $4.27/W.

In accordance with this cost per watt, solar panel installations will cost you about $4,270 per 1K (or 1000 watts) of production capacity. After applying the 30% federal tax credit, a 5 kW system in Sweetwater generally costs $14,945. Be aware that a higher capacity system could be needed to adequately cover your energy consumption.

To your left, you have the option to select your county and access information on the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a complete analysis of the costs, 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.
Sweetwater: $14,945US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Sweetwater: 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.
Sweetwater: $15,228US Average: $15,784

Solar Potential in Sweetwater

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

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 15kkWh AC per yr.

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

On average, Sweetwater residents pay $152.41 for their electric bill each month and consume 1,273 kWh. Flats and small homes with lower energy consumption are covered in this number.

In October 2024, the average electricity rate in Sweetwater, TN amounts to 11.97¢ per kWh.

If you’re a typical energy consumer in Sweetwater, you will need a solar power system sized at 11 kW or more to meet all your electricity needs. Presently, an 11 kW solar panel system costs $32,879 when including the 30% federal income tax credit.

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Average solar panel costs by system size in Sweetwater

To the left, we present a detailed pricing details for multiple solar panel system sizes set up in Sweetwater. More extensive solar installations carry a greater cost, yet they also offer higher electricity savings and larger income tax credits.

In the solar panel cost calculator found down and to the right, you can view a cost and benefit breakdown to match an average $152.41electric bill in Sweetwater. For a more detailed estimate, replace the $152.41 with your typical electricity bill amount.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$20,923
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 2.8 tons a year
  • Equivalent to planting 129 trees a year
  • Equivalent to driving 6,925 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$23,912
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 3.2 tons a year
  • Equivalent to planting 147 trees a year
  • Equivalent to driving 7,915 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$26,901
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 3.6 tons a year
  • Equivalent to planting 165 trees a year
  • Equivalent to driving 8,904 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$29,890
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $146
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 4 tons a year
  • Equivalent to planting 184 trees a year
  • Equivalent to driving 9,893 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,922 a year
Est. Price
$32,879
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $152
  • 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

Sweetwater Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.

The 30% federal income tax credit for residential solar is accessible to almost all homeowners, making solar energy a good choice in numerous regions across the country. State and local governments have various programs to promote the switch to solar energy.

A total of 2 solar rebates and incentives are available in Tennessee through multiple utility companies and government organizations.

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 homeowners in Sweetwater who expect to stay in their residence beyond the solar payback period, solar panels make an good investment. A 5 kW solar system in Sweetwater, TN could potentially save you $21,633.4 over the course of 20 years, with the break even point averaging at 8 years.

The cost of not having solar panels in Sweetwater, TN

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Many recent news articles have revealed that complete dependence on your utility isn't always the best option.

Customers in Monroe County have faced around 3.25 outages per year on average. Typically, outages have an average duration of 403.74 minutes. However, during significant events such as landslides, grid management errors, or wildlife damage, these times can drastically increase.

Whether it comes with a backup battery or not, a solar panel system could alleviate the strain of any future power interruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Monroe County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Most consumers see the usefulness in setting up a solar setup that can generate enough power to cover their entire electric bill, leading to significant savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in different makes and models. The installer you choose may have specific brand preferences, so it's crucial to choose a reputable installer. To ensure a better long-term experience, buyers should consider higher quality models.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even with a higher cost, this technology produce more energy. The majority of installers opt for panels crafted using this material.

Your Property - Uneven land, trees, or additional hindrances can make the installation process more challenging. Nowadays, many solar installers can leverage satellite imagery to assess your home and include these aspects into the initial cost estimate.

Labor Rates - The different wages that companies offer their employees result in costs that are ultimately passed on to consumers. Higher wages often lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other TN cities

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Who are the best solar installers in Sweetwater?

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.

Sweetwater, TN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Sweetwater, TN has reached $4.27/W. After federal tax credits, the installation of a 5 kW solar panel system in Sweetwater, TN is estimated to cost $14,945.

  • At present, there are 2 rebates and incentives available to Tennessee residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Paying cash will lead to the most savings, but these days there are several options for financing solar panels that make great money sense as well. Your initial quotes will often contain information about financing options provided by installers.

  • Yes, the average time to recoup the cost of 5 kW solar panels in Sweetwater, TN is 8 years, with homeowners saving an average of $21,633.4 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01