Solar Panel Cost Guide in Greeneville, TN (2024 Update)
- Greeneville Solar Installation Cost: $20,312
- 25-Year Savings: $6,503
- Payback Period: 24.6 Years
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Average Cost of Solar Panels in Greeneville
Find out what the average cost of a solar system is in Greeneville.
In Greeneville, solar panels cost about 4 per watt on average.The average solar panel system size in Greeneville is around 8.1 kilowatts, meaning a cost of about $20,312 for a solar installation, or $29,046 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Greeneville based on a few factors, such as the model of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $10,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Greeneville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,779 |
| 3 years | $-15,714 |
| 5 years | $-12,649 |
| 7 years | $-9,583 |
| 9 years | $-6,518 |
| 11 years | $-3,453 |
| 13 years | $-388 |
| 15 years | $2,677 |
| 17 years | $5,743 |
| 19 years | $8,808 |
| 21 years | $11,873 |
| 23 years | $14,938 |
| 25 years | $18,003 |
Top Solar Installers in Greeneville
Trying to put up solar panels by yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
Working with a vetted 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 Greeneville
Factors that Affect Solar Panel Costs in Greeneville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Greeneville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,580 per kilowatt in Greeneville.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Greeneville have solar loans, which reduce the initial cost of installing solar.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Greeneville, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $-366 | 25.6 years |
| 8 kW | $3.65 | $20,449 | $-87 | 25.1 years |
| 10 kW | $3.58 | $25,060 | $393 | 24.6 years |
| 12 kW | $3.51 | $29,471 | $1,073 | 24.1 years |
| 14 kW | $3.44 | $33,681 | $1,953 | 23.6 years |
| 16 kW | $3.37 | $37,690 | $3,034 | 23.1 years |
| 18 kW | $3.29 | $41,499 | $4,316 | 22.6 years |
| 20 kW | $3.22 | $45,108 | $5,798 | 22.2 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
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 Greeneville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Greeneville?
This is a hard question to answer precisely, 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 cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Greeneville?
You can’t get solar panels for free in Greeneville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Greeneville is currently $216,104, so you can look forward to a value of about $8,860 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Greeneville is a worthwhile investment.
How often do you have to replace solar panels?
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 amount 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.