Solar Panel Cost Guide in Bloomingdale, TN (2024 Update)
- Bloomingdale Solar Installation Cost: $20,489
- 25-Year Savings: $17,701
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Bloomingdale
We go over average solar pricing in Bloomingdale.
The average cost of a solar panel system in Bloomingdale is 4 per watt.To account for the typical energy needs of the average home in Bloomingdale, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs about $20,489, or $29,299 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Bloomingdale homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Bloomingdale can save about $15,000 on their power bills over 20 years.
To get a free quote from a pre-vetted solar installation company in Bloomingdale, you can click the button below.
Solar savings over time in Bloomingdale
| Year | Return on Investment |
|---|---|
| 1 years | $-19,104 |
| 3 years | $-16,336 |
| 5 years | $-13,567 |
| 7 years | $-10,799 |
| 9 years | $-8,030 |
| 11 years | $-5,261 |
| 13 years | $-2,493 |
| 15 years | $276 |
| 17 years | $3,044 |
| 19 years | $5,813 |
| 21 years | $8,582 |
| 23 years | $11,350 |
| 25 years | $14,119 |
Top Solar Installers in Bloomingdale
Although it's possible to install solar panels yourself, it requires extra time and knowledge. Because of that, almost all homeowners choose a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Bloomingdale, therefore optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Bloomingdale
Factors that Affect Solar Panel Costs in Bloomingdale
Although the average cost of a solar system in Bloomingdale is $20,489, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need, 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 type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Bloomingdale average.
Solar Financing Terms
Many homeowners find the average cost of solar in Bloomingdale to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Bloomingdale, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $7,811 | 16.7 years |
| 8 kW | $3.65 | $20,449 | $10,815 | 16.4 years |
| 10 kW | $3.58 | $25,060 | $14,020 | 16.0 years |
| 12 kW | $3.51 | $29,471 | $17,426 | 15.7 years |
| 14 kW | $3.44 | $33,681 | $21,032 | 15.4 years |
| 16 kW | $3.37 | $37,690 | $24,838 | 15.1 years |
| 18 kW | $3.29 | $41,499 | $28,845 | 14.7 years |
| 20 kW | $3.22 | $45,108 | $33,053 | 14.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure 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 offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Bloomingdale, TN Solar Cost FAQs
How much does it cost to install solar panels in Bloomingdale?
The average cost of solar panels in Bloomingdale is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Bloomingdale?
Solar panels aren’t free in Bloomingdale, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Bloomingdale?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How long do solar panels last in Bloomingdale?
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 level 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.