Solar Panels Cost 16k-27k in Tullahoma, TN | October, 2024

Solar Panels Cost $16k-$27k in Tullahoma, TN | October, 2024

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

Solar panel installations in Tullahoma, TN during October, 2024 average out to $3.92 per watt.

Utilizing the price per watt, you are able to conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,920 for installation. In Tullahoma, the cost of a 5 kW solar panel system is typically $13,720, after a 30% federal tax credit. Depending on your energy usage, you might need a bigger system.

To the left, you can select a county to find the average roof size and the average maximum generation capacity for solar panel systems on homes in your area. Below, you can see a summary 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.
Tullahoma: $13,720US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Tullahoma: 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.
Tullahoma: $13,314US Average: $15,784

Solar Potential in Tullahoma

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

Roof size 822sq. ft.
Capacity 11.5kW DC
Electricity 13.9kkWh AC per yr.

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

On average, a Tullahoma energy consumer uses1,200 kWh and pays $137.14 per month for electricity. These figures also cover apartments and other smaller residences with lower energy demand.

For October 2024, Tullahoma, TN's average electricity rate amounts to 11.43¢ per kWh.

If you consume an average amount of electricity in Tullahoma, you will need a solar panel system of 10 kW or more to fully account for your full electricity consumption demands. Presently, a 10 kW solar system will be priced at around $39,200at first, but thanks to the 30% federal tax credit, you receive 30% back, reducing the total to $27,440.

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Average solar panel costs by system size in Tullahoma

On your left, we have provided a full pricing details for the multiple solar panel system sizes installed in Tullahoma. The investment for a more extensive solar panel setup is greater, but it also yields greater electricity savings and higher income tax credits.

The solar panel cost and benefit breakdown, shown in the calculator down and to the right, is based on an average electric bill of $137.14 in Tullahoma. Change the $137.14 to your usual bill payment for personalized results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $961 a year
Est. Price
$16,464
Savings from a 6kWthis system
  • Est. yearly production 8,735 kWh
  • Est. monthly savings $80
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.44 tons a year
  • Equivalent to planting 112 trees a year
  • Equivalent to driving 6,037 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,121 a year
Est. Price
$19,208
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $93
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 2.85 tons a year
  • Equivalent to planting 131 trees a year
  • Equivalent to driving 7,043 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,281 a year
Est. Price
$21,952
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $107
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 3.25 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,049 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,441 a year
Est. Price
$24,696
Savings from a 9kWthis system
  • Est. yearly production 13,103 kWh
  • Est. monthly savings $120
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 3.66 tons a year
  • Equivalent to planting 168 trees a year
  • Equivalent to driving 9,055 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,601 a year
Est. Price
$27,440
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $133
  • Full payback in 17 years
Environmental Impacts
  • Reduces CO2 emissions by 4.06 tons a year
  • Equivalent to planting 187 trees a year
  • Equivalent to driving 10,062 mi less a year

Tullahoma Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural properties and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Think you fit this category? Check your qualification with our REAP Grant eligibility tool.

Most homeowners can benefit from the federal 30% income tax credit for solar panels, which turns adopting solar energy a practical choice in numerous regions of the U.S. In addition to federal incentives, there are many state and local efforts to encourage solar energy adoption.

Multiple utilities and government agencies 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?

If you intend to own your residence longer than the solar system's payback period, solar panels are a smart investment in Tullahoma. A 5 kW system in Tullahoma, TN will save you, on average, $19,193.6 over a 20 period and the average break even point is 8 years.

The cost of not having solar panels in Tullahoma, TN

Apart from the savings mentioned earlier, failing to install solar panels or an alternative energy backup leads to you being wholly dependent on your electric utility for electricity. Recent news examples have shown that complete dependence on your utility provider isn't always the most favorable condition.

The average number of outages per customer per year in Tullahoma is 2.16. The average duration of each outage is 93.98 minutes. During severe events like tornadoes, construction accidents, or grid management errors, these times can grow significantly longer.

A solar energy system could help mitigate the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Coffee County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a greater upfront cost, but the cost per watt reduces. Installing a solar panel system that can cover the electric bill is useful to consumers because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. Because the installer you choose might have particular system preferences, choosing a recommended installer is even more important. The employment of superior makes and models is likely to provide a more satisfactory long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the standard in the industry, and it's easy to see why. Despite the higher price tag, these panels produce greater energy output. The majority of installation experts use panels made from this material.

Your Property - Things such as trees, rough terrain, or additional hurdles can cause the installation to be more difficult. Many solar installers today use satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.

Labor Rates - The wage differences between companies lead to costs that are transferred to the consumers. Companies that pay higher wages often garner higher reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will differ depending on local permitting and utility interconnection fees. Quality local installers will include these figures in your preliminary estimates to provide transparency.

See what solar panels cost in other TN cities

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Who are the best solar installers in Tullahoma?

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.

Tullahoma, TN Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Tullahoma, TN is $3.92/W. For a 5 kW solar panel system, the total cost in Tullahoma, TN after federal tax credits is around $13,720.

  • Right now, Tennessee has 2 rebates and incentives available through a variety of utility companies and government entities. Also, nearly everyone can take advantage of the 30% federal tax credit.

  • Opting to pay in cash provides the highest savings, but there are now various financing options for solar panels that are cost-effective. Installers typically partner with financing companies and will incorporate this information into your initial quotes.

  • Yes, in Tullahoma, TN, the average time for 5 kW solar panel systems to pay for themselves is 8 years, leading to electricity savings of $19,193.6 over a 20-year period.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01