Solar Panel Cost Guide in Henderson, TN (2024 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.The average solar panel system size in Henderson is around 7.8 kilowatts, meaning a cost of about $19,483 for a solar installation, or $27,861 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Henderson based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing a solar system is a solid investment. The average homeowner in Henderson can save about $14,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Henderson for a quote for your home.
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 figuring out how to install solar panels on your own can be time-consuming. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Henderson
Factors that Affect Solar Panel Costs in Henderson
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Henderson average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Henderson homeowners decide to finance their solar panel systems to offset upfront costs.It’s a good idea to add 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Larger national companies usually 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 vehicle 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 | $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 model of solar panels and the company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
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 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Henderson?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 option if you want to maximize your savings.
Can you sell solar power back to the grid in Henderson?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy between 20 and 35 panels to account for 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.