Solar Panel Cost Guide in Eagleton Village, TN (2024 Update)
- Eagleton Village Solar Installation Cost: $20,227
- 25-Year Savings: $10,783
- Payback Period: 20.3 Years
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Average Cost of Solar Panels in Eagleton Village
Here’s how much it might cost to switch to solar power in Eagleton Village.
Although the national average of solar panels is $2.66 per watt, solar panels in Eagleton Village typically cost about 4.The average Eagleton Village homeowner needs a 8.1-kilowatt system, which would cost about $20,227 with the federal tax credit, or $28,925 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $12,000 over 20 years on utility bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Eagleton Village
| Year | Return on Investment |
|---|---|
| 1 years | $-18,708 |
| 3 years | $-15,669 |
| 5 years | $-12,631 |
| 7 years | $-9,592 |
| 9 years | $-6,554 |
| 11 years | $-3,515 |
| 13 years | $-477 |
| 15 years | $2,561 |
| 17 years | $5,600 |
| 19 years | $8,638 |
| 21 years | $11,677 |
| 23 years | $14,715 |
| 25 years | $17,754 |
Top Solar Installers in Eagleton Village
Although you can install solar panels yourself, it involves extra effort and know-how. That's why almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar company too, which can save you more money over time.
If you’d like to start using solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers near you:
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 Eagleton Village
Factors that Affect Solar Panel Costs in Eagleton Village
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,580. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also cost more. 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 Eagleton Village have solar loans, which reduce your upfront costs of installing solar.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 securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Eagleton Village, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $2,836 | 21.2 years |
| 8 kW | $3.65 | $20,449 | $4,182 | 20.8 years |
| 10 kW | $3.58 | $25,060 | $5,729 | 20.3 years |
| 12 kW | $3.51 | $29,471 | $7,476 | 19.9 years |
| 14 kW | $3.44 | $33,681 | $9,424 | 19.5 years |
| 16 kW | $3.37 | $37,690 | $11,572 | 19.1 years |
| 18 kW | $3.29 | $41,499 | $13,921 | 18.7 years |
| 20 kW | $3.22 | $45,108 | $16,470 | 18.3 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: The brand of solar panel you need plays a role in which installer you should opt for, since different companies have access to different panels.
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 Eagleton Village, TN Solar Cost FAQs
How much does it cost to install solar panels in Eagleton Village?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Eagleton Village is currently $351,210, which means you can expect a value of about $14,400 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Eagleton Village is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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.