Solar Panels Cost 17k-29k in Winchester, TN | October, 2024

Solar Panels Cost $17k-$29k in Winchester, TN | October, 2024

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

In Winchester, TN in the month of October, 2024 you will spend about $4.17 per watt to go solar.

It will cost you $4,170, on average, for every 1K (or 1000 watts) of capacity that your solar panels have. After receiving the 30% federal tax credit, you can expect to pay around $14,595 for a 5 kW solar setup in Winchester. Please keep in mind that a bigger system might be needed to adequately cover your energy consumption.

To the left, you can choose your county to see the average roof size and average maximum capacity for solar panels on homes in your area. Below is an 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.
Winchester: $14,595US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Winchester: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Winchester: $13,316US Average: $15,784

Solar Potential in Winchester

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

Roof size 769sq. ft.
Capacity 10.75kW DC
Electricity 13kkWh AC per yr.

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

On average, Winchester residents pay $142.36 for their electric bill each month and use 1,179 kWh. These statistics also include apartments and other smaller residences with reduced energy demand.

The average rate for electricity in Winchester, TN in October, 2024 is 12.08¢ per kWh.

Average citizens in Winchester will want a solar panel system with a generation capacity of 10 kW or larger to satisfy their full electricity consumption requirements. Installing a a 10 kW solar panel installation will be priced at about $41,700 initially, but with the 30% federal tax credit, you can receive a 30% reimbursement, reducing the cost to $29,190.

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Average solar panel costs by system size in Winchester

Located below and to the left, there is the price breakdown for different sizes of the solar panel systems set up in Winchester. The bigger the solar array, the higher the initial expense, but also the greater electricity savings and income tax credits you'll get.

The solar panel cost and benefit breakdown, shown in the calculator below and to the right, is based on an average electric bill of $142.36 in Winchester. Change the $142.36 to match your average electricity bill payment for custom results.

System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,048 a year
Est. Price
$17,514
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 2.57 tons a year
  • Equivalent to planting 118 trees a year
  • Equivalent to driving 6,354 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,223 a year
Est. Price
$20,433
Savings from a 7kWthis system
  • Est. yearly production 10,191 kWh
  • Est. monthly savings $102
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 2.99 tons a year
  • Equivalent to planting 138 trees a year
  • Equivalent to driving 7,413 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,398 a year
Est. Price
$23,352
Savings from a 8kWthis system
  • Est. yearly production 11,647 kWh
  • Est. monthly savings $116
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 3.42 tons a year
  • Equivalent to planting 157 trees a year
  • Equivalent to driving 8,472 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,572 a year
Est. Price
$26,271
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 3.85 tons a year
  • Equivalent to planting 177 trees a year
  • Equivalent to driving 9,531 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,747 a year
Est. Price
$29,190
Savings from a 10kWthis system
  • Est. yearly production 14,559 kWh
  • Est. monthly savings $142
  • Full payback in 17 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

Winchester Solar Panel Installation Incentives & Rebates | 2024

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

The federal government offers a 30% tax credit for residential solar systems, making solar practical and practical for a diverse set of homeowners. A variety of state and local incentives are offered to promote the use of solar energy.

Tennessee features 2 solar rebate and incentive initiatives provided by multiple utilities 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 those expecting to remain in their homes after the solar system's payback period, installing solar panels is a obvious choice in Winchester. By installing a 5 kW solar system in Winchester, TN, you can expect to save roughly $19,571.4 over 20 years, with the break even point usually being 9 years.

The cost of not having solar panels in Winchester, TN

Without solar panels or another backup power source, you miss out on the savings discussed previously and rely entirely on your electric utility for electricity. As we've seen in many recent news reports, full reliance on your utility isn't always ideal.

Recently, the average number of utility outages per customer in Winchester has been 2.04 annually. Outages generally last for an average of 147.11 minutes. During major occurrences like landslides, aging infrastructure, or construction accidents, these times can extend significantly.

Whether or not a backup battery is included, 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 Franklin County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system increases. Many people find it useful to install a solar energy system that can replace their entire electric bill. This results in optimal savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Taking into account the certain brand preferences an installer might have, picking a reputable contractor is important. Choosing superior quality equipment usually provides a more favorable long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. They have a higher price, but they provide more energy. Most solar panel installers choose this type of material.

Your Property - Trees, sloped land, or additional considerations can increase the complexity of the installation. Nowadays, the majority of solar installers can assess your home with satellite images and incorporate these elements in the preliminary cost estimate.

Labor Rates - Companies compensate their employees in varying amounts, and these costs are passed down to consumers. Higher wages frequently lead to companies getting better reviews for their services and customer service.

Permitting & Interconnection - The local permitting and utility interconnection fees, which vary by region, will affect your final installation price. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other TN cities

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Who are the best solar installers in Winchester?

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.

Winchester, TN Solar Panel Cost FAQs

  • The average solar panel cost in Winchester, TN as of October, 2024 is estimated at $4.17/W. Post federal tax credit, a 5 kW solar panel system installation in Winchester, TN will roughly cost $14,595.

  • Currently, Tennessee residents can benefit from 2 rebates and incentives available through various utilities and government bodies. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • Paying cash provides the most savings, yet there are many financing options available today for solar panels that are also beneficial. Financing options are frequently available through installers and will be included in your initial quotes.

  • Yes, the average 5 kW solar panel payback time in Winchester, TN is 9 years, with expected savings of $19,571.4 on electricity over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01