Solar Panel Cost Guide in Henderson, TN (2025 Update)
- Henderson Solar Installation Cost: $19,483
- 25-Year Savings: $13,825
- Payback Period: 17.8 Years
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Average Cost of Solar Panels in Henderson
Find out what the average cost of solar panel installation is in Henderson.
Although the national average of solar panels is $2.66 per watt, solar panels in Henderson typically cost about 4.To account for the typical energy usage of the average home in Henderson, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $19,483, or $27,861 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Henderson homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Despite the large upfront cost, the average Henderson homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the benefits of solar.
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Solar savings over time in Henderson
Year | Return on Investment |
---|---|
1 years | $-17,785 |
3 years | $-14,388 |
5 years | $-10,991 |
7 years | $-7,593 |
9 years | $-4,196 |
11 years | $-799 |
13 years | $2,598 |
15 years | $5,995 |
17 years | $9,392 |
19 years | $12,789 |
21 years | $16,186 |
23 years | $19,583 |
25 years | $22,981 |
Top Solar Installers in Henderson
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be hard. Another good thing about using a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you're searching for a solar installer in Henderson, we've put together a list of our top suggestions here:
See all of the solar companies in Henderson
Factors that Affect Solar Panel Costs in Henderson
The cost of installing a solar system in Henderson can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Henderson, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just 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 installers in Henderson offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, including the amount of 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Henderson, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Companies that 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 choose a company that has the products, warranties and services you want and also fits within 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 | $5,490 | 18.5 years |
8 kW | $3.65 | $20,449 | $7,720 | 18.1 years |
10 kW | $3.58 | $25,060 | $10,152 | 17.8 years |
12 kW | $3.51 | $29,471 | $12,784 | 17.4 years |
14 kW | $3.44 | $33,681 | $15,616 | 17.1 years |
16 kW | $3.37 | $37,690 | $18,649 | 16.7 years |
18 kW | $3.29 | $41,499 | $21,882 | 16.4 years |
20 kW | $3.22 | $45,108 | $25,316 | 16.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a part in which company you should choose, since different companies offer different panels.
EcoWatch's Henderson, TN Solar Cost FAQs
What is the average cost of installing solar panels in Henderson?
This is a difficult question to answer exactly, because the cost depends on a variety of 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Henderson?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Henderson?
The majority of states offer net metering programs of some kind. Through these, you can either get paid 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?
To figure out how many solar panels 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.