Solar Panel Cost Guide in Dyersburg, TN (2024 Update)
- Dyersburg Solar Installation Cost: $19,568
- 25-Year Savings: $7,407
- Payback Period: 23.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Dyersburg
Find out what the average cost of solar panel installation is in Dyersburg.
While the national average of solar panels is $2.66 per watt, solar panels in Dyersburg typically cost about 4.To cover the typical energy needs of the average home in Dyersburg, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,568, or $27,982 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.With average savings of about $11,000 on electricity bills over 20 years, many homeowners in Dyersburg find going solar can be quite rewarding.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Dyersburg
| Year | Return on Investment |
|---|---|
| 1 years | $-18,851 |
| 3 years | $-17,419 |
| 5 years | $-15,986 |
| 7 years | $-14,554 |
| 9 years | $-13,121 |
| 11 years | $-11,689 |
| 13 years | $-10,256 |
| 15 years | $-8,824 |
| 17 years | $-7,391 |
| 19 years | $-5,959 |
| 21 years | $-4,526 |
| 23 years | $-3,094 |
| 25 years | $-1,661 |
Top Solar Installers in Dyersburg
Trying to put up solar panels on your own can be a challenging task, which is why using a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers near you:
See all of the solar companies in Dyersburg
Factors that Affect Solar Panel Costs in Dyersburg
For many Dyersburg homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Dyersburg, 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
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 spend about $3,580 per kilowatt in Dyersburg.There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Dyersburg provide solar loans, which reduce the initial cost of installing solar panels.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 original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Dyersburg is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have no shortage of solar installers that provide a range of services at different price points.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $512 | 24.2 years |
| 8 kW | $3.65 | $20,449 | $1,084 | 23.7 years |
| 10 kW | $3.58 | $25,060 | $1,856 | 23.3 years |
| 12 kW | $3.51 | $29,471 | $2,828 | 22.8 years |
| 14 kW | $3.44 | $33,681 | $4,002 | 22.3 years |
| 16 kW | $3.37 | $37,690 | $5,375 | 21.9 years |
| 18 kW | $3.29 | $41,499 | $6,949 | 21.4 years |
| 20 kW | $3.22 | $45,108 | $8,724 | 20.9 years |
How to Save on Solar Panels
There are a lot of 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:
- 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.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar companies 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.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
EcoWatch's Dyersburg, TN Solar Cost FAQs
What is the average cost of installing solar panels in Dyersburg?
The average cost of solar panels in Dyersburg 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Dyersburg?
You can’t get solar panels for free in Dyersburg. However, you may still be able to afford 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 Dyersburg?
The majority of states have net metering programs of some kind. Through these, you can receive compensation 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 usage and the amount of sunlight your roof gets. You can take a 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.