Solar Panel Cost Guide in Bartlett, TN (2024 Update)
- Bartlett Solar Installation Cost: $19,280
- 25-Year Savings: $9,400
- Payback Period: 21.1 Years
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Average Cost of Solar Panels in Bartlett
Find out what the average cost of solar panels are in Bartlett.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bartlett, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Bartlett, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs around $19,280, or $27,570 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Bartlett based on several factors, such as the brand of solar panels you choose and the solar company you hire.Even with the significant initial cost, the average Bartlett homeowner can save around $12,000 on their electricity bills over 20 years, which is one of the advantages of solar.
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Solar savings over time in Bartlett
| Year | Return on Investment |
|---|---|
| 1 years | $-17,772 |
| 3 years | $-14,756 |
| 5 years | $-11,739 |
| 7 years | $-8,722 |
| 9 years | $-5,706 |
| 11 years | $-2,689 |
| 13 years | $328 |
| 15 years | $3,344 |
| 17 years | $6,361 |
| 19 years | $9,378 |
| 21 years | $12,394 |
| 23 years | $15,411 |
| 25 years | $18,428 |
Top Solar Installers in Bartlett
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using an installer can make your swap to solar power much easier. The expertise that solar companies provide can be helpful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
If you're looking for a solar company in Bartlett, we've put together a list of our top suggestions here:
See all of the solar companies in Bartlett
Factors that Affect Solar Panel Costs in Bartlett
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Bartlett average.
Solar Financing Terms
Most solar installers in Bartlett offer solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Bartlett is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you’ll have many options for solar installers that offer a range of services at different costs.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $2,151 | 22.0 years |
| 8 kW | $3.65 | $20,449 | $3,269 | 21.6 years |
| 10 kW | $3.58 | $25,060 | $4,588 | 21.1 years |
| 12 kW | $3.51 | $29,471 | $6,107 | 20.7 years |
| 14 kW | $3.44 | $33,681 | $7,826 | 20.3 years |
| 16 kW | $3.37 | $37,690 | $9,746 | 19.9 years |
| 18 kW | $3.29 | $41,499 | $11,866 | 19.4 years |
| 20 kW | $3.22 | $45,108 | $14,187 | 19.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
EcoWatch's Bartlett, TN Solar Cost FAQs
What is the average cost of installing solar panels in Bartlett?
The average cost of solar panels in Bartlett 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last 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.
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.