Solar Panel Cost Guide in Fairfield Glade, TN (2024 Update)
- Fairfield Glade Solar Installation Cost: $20,117
- 25-Year Savings: $8,610
- Payback Period: 22.3 Years
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Average Cost of Solar Panels in Fairfield Glade
Let’s take a look at the average cost of solar panels in Fairfield Glade.
The national average cost of solar panels is $2.66 per watt, but in Fairfield Glade it’s 4 per watt.The average solar panel system size in Fairfield Glade is around 8.0 kilowatts, meaning a cost of about $20,117 for a solar installation, or $28,767 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more.But, after you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $11,000 over 20 years on energy bills.
To receive a free quote from a vetted solar installation company in Fairfield Glade, you can click the button below.
Solar savings over time in Fairfield Glade
| Year | Return on Investment |
|---|---|
| 1 years | $-19,021 |
| 3 years | $-16,828 |
| 5 years | $-14,636 |
| 7 years | $-12,443 |
| 9 years | $-10,250 |
| 11 years | $-8,057 |
| 13 years | $-5,865 |
| 15 years | $-3,672 |
| 17 years | $-1,479 |
| 19 years | $713 |
| 21 years | $2,906 |
| 23 years | $5,099 |
| 25 years | $7,291 |
Top Solar Installers in Fairfield Glade
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be challenging. Another perk of going with a solar company is that they can help you maximize your investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Fairfield Glade
Factors that Affect Solar Panel Costs in Fairfield Glade
Although the average cost of a solar system in Fairfield Glade is $20,117, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Fairfield Glade, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Fairfield Glade have solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your total costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can play a part in determining the cost. Fairfield Glade’s solar companies all have different labor costs and add varying upcharges to equipment. You may see 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 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 | $1,256 | 23.1 years |
| 8 kW | $3.65 | $20,449 | $2,075 | 22.7 years |
| 10 kW | $3.58 | $25,060 | $3,095 | 22.3 years |
| 12 kW | $3.51 | $29,471 | $4,315 | 21.8 years |
| 14 kW | $3.44 | $33,681 | $5,736 | 21.4 years |
| 16 kW | $3.37 | $37,690 | $7,358 | 20.9 years |
| 18 kW | $3.29 | $41,499 | $9,179 | 20.5 years |
| 20 kW | $3.22 | $45,108 | $11,202 | 20.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 satisfied reviews from past customers.
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 Fairfield Glade, TN Solar Cost FAQs
How much does it cost to install solar panels in Fairfield Glade?
The average cost of solar panels in Fairfield Glade 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Fairfield Glade?
You can’t get solar panels for free in Fairfield Glade. However, you may still be able to get 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.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Fairfield Glade, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 the amount of 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.