Solar Panel Cost Guide in Centerville, TN (2024 Update)
- Centerville Solar Installation Cost: $19,801
- 25-Year Savings: $6,793
- Payback Period: 24.1 Years
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Average Cost of Solar Panels in Centerville
Find out what the average cost of installing solar panels is in Centerville.
While the national average of solar panels is $2.66 per watt, solar panels in Centerville typically cost about 4.To account for the typical energy usage of the average home in Centerville, most homeowners require a 7.9-kilowatt system. Using the figure above, a solar installation costs around $19,801, or $28,315 before the federal solar tax credit of 0 is applied.
The true price you pay can go higher or lower than the average in Centerville depending on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Centerville can save around $10,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Centerville
Year | Return on Investment |
---|---|
1 years | $-18,266 |
3 years | $-15,198 |
5 years | $-12,129 |
7 years | $-9,060 |
9 years | $-5,991 |
11 years | $-2,923 |
13 years | $146 |
15 years | $3,215 |
17 years | $6,284 |
19 years | $9,352 |
21 years | $12,421 |
23 years | $15,490 |
25 years | $18,559 |
Top Solar Installers in Centerville
When switching to solar energy, many homeowners decide to use a solar installation company since DIY solar panel installation can be a challenging project. Some solar companies, especially local ones, can help you better understand incentives in Centerville, thereby optimizing your ROI.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Centerville:
See all of the solar companies in Centerville
Factors that Affect Solar Panel Costs in Centerville
The cost of installing a solar system in Centerville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Centerville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $-21 | 25.0 years |
8 kW | $3.65 | $20,449 | $372 | 24.6 years |
10 kW | $3.58 | $25,060 | $967 | 24.1 years |
12 kW | $3.51 | $29,471 | $1,761 | 23.6 years |
14 kW | $3.44 | $33,681 | $2,757 | 23.1 years |
16 kW | $3.37 | $37,690 | $3,952 | 22.6 years |
18 kW | $3.29 | $41,499 | $5,348 | 22.1 years |
20 kW | $3.22 | $45,108 | $6,945 | 21.7 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
EcoWatch's Centerville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Centerville?
The average cost of solar panels in Centerville 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.