Solar Panel Cost Guide in Coopertown, TN (2025 Update)
- Coopertown Solar Installation Cost: $20,039
- 25-Year Savings: $6,870
- Payback Period: 24.1 Years
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Average Cost of Solar Panels in Coopertown
Find out what the average cost of solar panel installation is in Coopertown.
In Coopertown, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Coopertown, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $20,039, or $28,656 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Coopertown homeowners. The price 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.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $10,000 over 20 years on power bills.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Coopertown
| Year | Return on Investment |
|---|---|
| 1 years | $-18,424 |
| 3 years | $-15,194 |
| 5 years | $-11,964 |
| 7 years | $-8,733 |
| 9 years | $-5,503 |
| 11 years | $-2,273 |
| 13 years | $958 |
| 15 years | $4,188 |
| 17 years | $7,418 |
| 19 years | $10,649 |
| 21 years | $13,879 |
| 23 years | $17,109 |
| 25 years | $20,339 |
Top Solar Installers in Coopertown
When making the switch to solar, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. Solar warranties and repairs are typically included in the cost of installation when you hire a solar contractor too, which can save you more money over time.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Coopertown
Factors that Affect Solar Panel Costs in Coopertown
Although the average cost of a solar system in Coopertown is $20,039, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,580. The kind 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, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Coopertown average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Coopertown homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Coopertown, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Coopertown have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $-25 | 25.0 years |
| 8 kW | $3.65 | $20,449 | $368 | 24.6 years |
| 10 kW | $3.58 | $25,060 | $961 | 24.1 years |
| 12 kW | $3.51 | $29,471 | $1,755 | 23.6 years |
| 14 kW | $3.44 | $33,681 | $2,749 | 23.1 years |
| 16 kW | $3.37 | $37,690 | $3,944 | 22.6 years |
| 18 kW | $3.29 | $41,499 | $5,339 | 22.2 years |
| 20 kW | $3.22 | $45,108 | $6,935 | 21.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies have various brands and models of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
EcoWatch's Coopertown, TN Solar Cost FAQs
What is the average cost of installing solar panels in Coopertown?
This is a tough question to answer precisely, 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Coopertown?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Coopertown is currently $440,546, which means you could be looking at a value of about $18,062 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Coopertown is a worthwhile investment.
How long do solar panels last in Coopertown?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.