Solar Panel Cost Guide in Camden, TN (2024 Update)
- Camden Solar Installation Cost: $19,737
- 25-Year Savings: $14,921
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in Camden
Find out how much it might cost to make the switch to solar in Camden.
In Camden, solar panels cost about 4 per watt on average.Because a 7.9-kW system is needed to cover the energy usage of a typical home in Camden, the average price of going solar will be about $19,737 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you will look different based on your energy needs and what company you go with.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Camden can save about $15,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Camden
| Year | Return on Investment |
|---|---|
| 1 years | $-17,923 |
| 3 years | $-14,296 |
| 5 years | $-10,669 |
| 7 years | $-7,042 |
| 9 years | $-3,415 |
| 11 years | $212 |
| 13 years | $3,839 |
| 15 years | $7,467 |
| 17 years | $11,094 |
| 19 years | $14,721 |
| 21 years | $18,348 |
| 23 years | $21,975 |
| 25 years | $25,602 |
Top Solar Installers in Camden
Although it's possible to install solar panels by yourself, it takes extra energy and know-how. Because of that, almost all homeowners choose to go with a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Camden
Factors that Affect Solar Panel Costs in Camden
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Camden: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,580 per kilowatt in Camden.There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.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 company you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Camden, and each can charge varying amounts for labor and equipment.You may see 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 | $6,187 | 17.9 years |
| 8 kW | $3.65 | $20,449 | $8,651 | 17.6 years |
| 10 kW | $3.58 | $25,060 | $11,315 | 17.2 years |
| 12 kW | $3.51 | $29,471 | $14,179 | 16.9 years |
| 14 kW | $3.44 | $33,681 | $17,244 | 16.5 years |
| 16 kW | $3.37 | $37,690 | $20,509 | 16.2 years |
| 18 kW | $3.29 | $41,499 | $23,975 | 15.8 years |
| 20 kW | $3.22 | $45,108 | $27,641 | 15.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you’re concerned about the longevity of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Camden, TN Solar Cost FAQs
What is the average cost of installing solar panels in Camden?
The average cost of solar panels in Camden 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Camden?
You can’t get solar panels for free in Camden. However, you may still be able to install 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.
Can you sell solar power back to the grid in Camden?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 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.