Solar Panel Cost Guide in Nashville, GA (2024 Update)
- Nashville Solar Installation Cost: $16,794
- 25-Year Savings: $21,884
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Nashville
We go over average solar pricing in Nashville.
In Nashville, solar panels cost about 4 per watt on average.The average solar panel system size in Nashville is around 6.4 kilowatts, meaning a cost of about $16,794 for a solar installation, or $24,015 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you want to go with.Even with the significant initial cost, the average Nashville homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a vetted solar company in Nashville, you can click the button below.
Solar savings over time in Nashville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,201 |
| 3 years | $-12,014 |
| 5 years | $-8,828 |
| 7 years | $-5,642 |
| 9 years | $-2,455 |
| 11 years | $731 |
| 13 years | $3,918 |
| 15 years | $7,104 |
| 17 years | $10,291 |
| 19 years | $13,477 |
| 21 years | $16,664 |
| 23 years | $19,850 |
| 25 years | $23,037 |
Top Solar Installers in Nashville
Putting up solar panels yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
See all of the solar companies in Nashville
Factors that Affect Solar Panel Costs in Nashville
For many Nashville homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Nashville, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,740. The type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Nashville homeowners opt to finance their solar panel systems to make paying for solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.89 | $16,336 | $14,842 | 13.1 years |
| 8 kW | $3.81 | $21,363 | $20,208 | 12.8 years |
| 10 kW | $3.74 | $26,180 | $25,784 | 12.6 years |
| 12 kW | $3.67 | $30,788 | $31,569 | 12.3 years |
| 14 kW | $3.59 | $35,186 | $37,564 | 12.1 years |
| 16 kW | $3.52 | $39,375 | $43,768 | 11.8 years |
| 18 kW | $3.44 | $43,354 | $50,181 | 11.6 years |
| 20 kW | $3.37 | $47,124 | $56,804 | 11.3 years |
How to Save on Solar Panels
There are numerous companies available in Nashville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Outstanding Regional Installer
Renu Energy Solutions
- Excellent reputation
- Many financing options
- Representatives are experts on local policies
- No leases or PPAs
EcoWatch's Nashville, GA Solar Cost FAQs
How much does it cost to install solar panels in Nashville?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $18,700 for a 5-kW system and $37,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Nashville?
You can’t get solar panels for free in Nashville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.