Solar Panel Cost Guide in Alcoa, TN (2025 Update)
- Alcoa Solar Installation Cost: $20,227
- 25-Year Savings: $10,075
- Payback Period: 20.9 Years
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Average Cost of Solar Panels in Alcoa
Find out how much it might cost to make the switch to solar in Alcoa.
In Alcoa, solar panels cost about 4 per watt on average.Because a 8.1-kW system is needed to cover the energy costs of a typical home in Alcoa, the average price of going solar will be about $20,227 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Alcoa homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average Alcoa homeowners see about $12,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a custom estimate.
Solar savings over time in Alcoa
| Year | Return on Investment |
|---|---|
| 1 years | $-18,708 |
| 3 years | $-15,669 |
| 5 years | $-12,631 |
| 7 years | $-9,592 |
| 9 years | $-6,554 |
| 11 years | $-3,515 |
| 13 years | $-477 |
| 15 years | $2,561 |
| 17 years | $5,600 |
| 19 years | $8,638 |
| 21 years | $11,677 |
| 23 years | $14,715 |
| 25 years | $17,754 |
Top Solar Installers in Alcoa
Installing solar panels on your own can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Some solar companies, especially local ones, can help you make the most of incentives in Alcoa, therefore optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Alcoa
Factors that Affect Solar Panel Costs in Alcoa
For many Alcoa homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Alcoa, with typical prices between $20,000 to $40,000. There are a number of factors that considerably 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 household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,580. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Alcoa to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Alcoa, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $2,310 | 21.8 years |
| 8 kW | $3.65 | $20,449 | $3,481 | 21.4 years |
| 10 kW | $3.58 | $25,060 | $4,852 | 20.9 years |
| 12 kW | $3.51 | $29,471 | $6,424 | 20.5 years |
| 14 kW | $3.44 | $33,681 | $8,197 | 20.1 years |
| 16 kW | $3.37 | $37,690 | $10,170 | 19.7 years |
| 18 kW | $3.29 | $41,499 | $12,343 | 19.3 years |
| 20 kW | $3.22 | $45,108 | $14,717 | 18.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: The model of solar panel you want to install plays a role in which company you should opt for, since different companies have access to different panels.
EcoWatch's Alcoa, TN Solar Cost FAQs
How much does it cost to install solar panels in Alcoa?
The average cost of solar panels in Alcoa is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Alcoa?
You can’t get solar panels for free in Alcoa. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.