Solar Panel Cost Guide in Bolivar, TN (2024 Update)
- Bolivar Solar Installation Cost: $19,334
- 25-Year Savings: $9,571
- Payback Period: 21.0 Years
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Average Cost of Solar Panels in Bolivar
We break down average solar pricing in Bolivar.
The average cost of a solar panel system in Bolivar is 4 per watt.The average solar panel system size in Bolivar is around 7.7 kilowatts, meaning a cost of about $19,334 for a solar installation, or $27,648 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on your specific situation and what company you go with.Many homeowners find going solar is a solid investment. The average homeowner in Bolivar can save around $12,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Bolivar
| Year | Return on Investment |
|---|---|
| 1 years | $-17,636 |
| 3 years | $-14,239 |
| 5 years | $-10,842 |
| 7 years | $-7,445 |
| 9 years | $-4,047 |
| 11 years | $-650 |
| 13 years | $2,747 |
| 15 years | $6,144 |
| 17 years | $9,541 |
| 19 years | $12,938 |
| 21 years | $16,335 |
| 23 years | $19,732 |
| 25 years | $23,129 |
Top Solar Installers in Bolivar
Many homeowners decide to use a solar panel company since trying to install solar panels yourself can be time-consuming. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company too, which can save you more money over time.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bolivar
Factors that Affect Solar Panel Costs in Bolivar
There are several criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Bolivar, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Bolivar homeowners decide to finance their solar panel systems to make paying for solar more affordable.Though solar loans make switching to solar energy more accessible for Bolivar homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $2,264 | 21.8 years |
| 8 kW | $3.65 | $20,449 | $3,419 | 21.4 years |
| 10 kW | $3.58 | $25,060 | $4,775 | 21.0 years |
| 12 kW | $3.51 | $29,471 | $6,332 | 20.6 years |
| 14 kW | $3.44 | $33,681 | $8,089 | 20.2 years |
| 16 kW | $3.37 | $37,690 | $10,046 | 19.7 years |
| 18 kW | $3.29 | $41,499 | $12,204 | 19.3 years |
| 20 kW | $3.22 | $45,108 | $14,563 | 18.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: Before you sign a contract with a solar company, be sure to read it through 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 part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bolivar, TN Solar Cost FAQs
How much does it cost to install solar panels in Bolivar?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 the average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.