Solar Panels Cost 19k-31k in Tellico Village CDP, TN | October, 2024

Solar Panels Cost $19k-$31k in Tellico Village CDP, TN | October, 2024

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How much do solar panels cost in Tellico Village CDP, TN in 2024?

The average price per watt of solar systems in Tellico Village CDP, TN in October, 2024 is estimated at $4.05/W.

Stemming from this price, we are able to conclude that for every 1000 watts (1 kW) your solar system can produce, you will have to invest $4,050 for installation. When you consider the 30% federal tax credit, you will spend around $14,175, in Tellico Village CDP, for a 5 kW panel install. However, bear in mind that you may require a more extensive system to ensure your energy demands are met.

By selecting your county on the left, you can find out the average roof size and the average maximum capacity for residential solar panel systems in your area. The following analysis, below, highlights the costs, 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.
Tellico Village CDP: $14,175US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Tellico Village 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.
Tellico Village CDP: $14,483US Average: $15,784

Solar Potential in Tellico Village CDP

Estimated system size and solar electricity production per median viable roof in
Tellico Village CDP.

Roof size 876sq. ft.
Capacity 12.25kW DC
Electricity 14.4kkWh AC per yr.

Electricity Costs in Tellico Village CDP, TN & What that Means for Your Solar Panel Pricing

For energy consumers in Tellico Village CDP, the average electric bill amounts to $144.72 per month, with a typical usage of 1,236 kWh. Flats and other smaller living spaces with reduced energy consumption are covered in this figure.

The rate of electricity in Tellico Village CDP, TN, on average, is 11.71¢ per kWh in October 2024.

If your household consumes an average amount of electricity in Tellico Village CDP, you will want a solar power system of 11 kW or higher to fully cover your full electricity usage requirements. The initial cost for an 11 kW setup amounts to $44,550, but after receiving a 30% federal tax credit, your total comes down to $31,185.

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Average solar panel costs by system size in Tellico Village CDP

Shown on the left, you will find a pricing structure for multiple solar panel system sizes installed in Tellico Village CDP. The more extensive the solar array, the higher the initial expense, but also the more substantial electricity savings and income tax credits you'll receive.

The solar panel cost and benefit breakdown, visible in the calculator to the right and below, is based on an average electric bill of $144.72 in Tellico Village CDP. To get more personalized results, easily adjust the $144.72to match your usual electricity bill amount.

System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$19,845
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 2.93 tons a year
  • Equivalent to planting 135 trees a year
  • Equivalent to driving 7,260 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$22,680
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 3.35 tons a year
  • Equivalent to planting 154 trees a year
  • Equivalent to driving 8,297 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$25,515
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 3.77 tons a year
  • Equivalent to planting 173 trees a year
  • Equivalent to driving 9,334 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$28,350
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $145
  • 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
$31,185
Savings from a 11kWthis system
  • Est. yearly production 16,015 kWh
  • Est. monthly savings $145
  • 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

Tellico Village CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for photovoltaic or wind turbines for rural small businesses and agricultural businesses. If you feel you might be eligible, try our REAP Grant eligibility tool to confirm your qualification.

Adding residential solar panels comes with a 30% federal tax credit, offered to nearly all homeowners, making it a smart option for many areas throughout the United States. State and local governments offer various programs to further encourage the switch to solar energy.

Residents of Tennessee can access 2 solar rebate and incentive programs from a number of utilities and governmental 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?

Intending to stay in your house beyond the solar payback period? Solar panels are a wise investment in Tellico Village CDP. A 5 kW system in Tellico Village CDP, TN will help you save you, on average, $20,557.8 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Tellico Village CDP, TN

Without solar panels or another backup power source, you lose out on the earlier mentioned savings and are entirely dependent on your electric utility for electricity. As we have seen in many recent news reports, complete reliance on your utility is not always ideal.

Recently, Tellico Village CDP has seen an average of 3.25 utility outages per customer each year. On average, each outage lasts for 403.74 minutes. Major events like lightning strikes, equipment failure, or construction accidents can considerably extend these durations.

Whether or not a backup battery is present, a solar panel system could help ease the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in Loudon County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Tellico Village CDP, TN?

Your Energy Needs - Larger solar panel setups come with a higher price tag, yet the cost per watt lowers as the size of the system expands. For most individuals, installing a system that can generate enough power to fully offset their entire electric bill is beneficial, providing significant savings.

Make & Model - Solar panels, just like many other products, come in different makes and models. The preferences for brand that your contractor has may make it vital to select a reputable installer. Choosing higher quality materials typically ensures a more satisfying long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and justifiably so. Despite the higher price tag, these panels generate greater energy output. Many installation experts use panels constructed from this material.

Your Property - Every home and property is unique. Uneven land, trees, or v can increase the complexity of the installation. By using satellite images, many solar installers these days can evaluate your home and incorporate these considerations into the preliminary cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are passed on to the consumers. Businesses paying more to their employees frequently receive higher reviews for their work and customer service.

Permitting & Interconnection - The final price of your installation will be impacted by local permitting and utility interconnection fees, which differ by location. That said, experienced local installers will be able to build these numbers into your initial 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 Tellico Village 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

  • 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.

Tellico Village CDP, TN Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Tellico Village CDP, TN as of October, 2024 is $4.05/W. A 5 kW solar panel system will cost you around $14,175 in Tellico Village CDP, TN after the federal tax credit is applied.

  • Various utility providers and government organizations in Tennessee are offering 2 rebates and incentives at this time. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Even though paying cash provides the most savings, there are now multiple financing options for solar panels that also are cost-effective. Installers often have partnerships with financing companies and will include this information in your initial quotes.

  • Yes, the average 5 kW solar panel payback period in Tellico Village CDP, TN stands at 8 years, yielding average electricity savings of $20,557.8 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01