Solar Panel Cost Guide in Green Hill, TN (2024 Update)
- Green Hill Solar Installation Cost: $20,110
- 25-Year Savings: $10,689
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Green Hill
Here’s how much it might cost to switch to solar power in Green Hill.
The average cost of solar panels in Green Hill is 4 per watt.The average Green Hill homeowner needs a 8.0-kilowatt system, which would cost about $20,110 with the federal tax credit, or $28,757 before the 0 tax credit 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 based on a few factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $12,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Green Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-18,593 |
| 3 years | $-15,558 |
| 5 years | $-12,523 |
| 7 years | $-9,487 |
| 9 years | $-6,452 |
| 11 years | $-3,417 |
| 13 years | $-382 |
| 15 years | $2,653 |
| 17 years | $5,688 |
| 19 years | $8,723 |
| 21 years | $11,758 |
| 23 years | $14,793 |
| 25 years | $17,828 |
Top Solar Installers in Green Hill
When switching to solar energy, many homeowners prefer to hire a solar installation company since putting up a solar system yourself can be a challenging project. A solar installer can also help save you money over time by providing warranties, repairs and system component replacements.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers near you:
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 Green Hill
Factors that Affect Solar Panel Costs in Green Hill
For many Green Hill homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Green Hill, with typical prices between $20,000 to $40,000. There are a number of factors that considerably 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 Green Hill, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Green Hill offer solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Green Hill, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $2,812 | 21.2 years |
| 8 kW | $3.65 | $20,449 | $4,150 | 20.8 years |
| 10 kW | $3.58 | $25,060 | $5,689 | 20.4 years |
| 12 kW | $3.51 | $29,471 | $7,429 | 20.0 years |
| 14 kW | $3.44 | $33,681 | $9,368 | 19.6 years |
| 16 kW | $3.37 | $37,690 | $11,509 | 19.2 years |
| 18 kW | $3.29 | $41,499 | $13,849 | 18.7 years |
| 20 kW | $3.22 | $45,108 | $16,391 | 18.3 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Warranty: If you’re concerned about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies have different brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer good-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 Green Hill, TN Solar Cost FAQs
How much does it cost to install solar panels in Green Hill?
The average cost of solar panels in Green Hill is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual 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.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $614.99 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.