Solar Panel Cost Guide in Coopertown, TN (2024 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.
The average cost of a solar system in Coopertown is 4 per watt.Using this figure, a typical 8.0-kW system would cost about $20,039 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Coopertown homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Coopertown can save about $10,000 on their energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, 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
Although it's possible to install solar panels on your own, it takes extra time and know-how. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Another great thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Coopertown:
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 Coopertown
Factors that Affect Solar Panel Costs in Coopertown
For many Coopertown homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Coopertown, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Coopertown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $3,580 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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 for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Coopertown know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
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 Coopertown, TN Solar Cost FAQs
How much does it cost to install solar panels in Coopertown?
This is a difficult question to answer exactly, because the cost depends on many 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 more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Coopertown?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will solar panels impact my property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Coopertown?
On average, solar panels can last 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.