Solar Panel Cost Guide in Hohenwald, TN (2024 Update)
- Hohenwald Solar Installation Cost: $19,730
- 25-Year Savings: $14,552
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Hohenwald
See how much it might cost to switch to solar power in Hohenwald.
The average cost of a solar panel system in Hohenwald is 4 per watt.Using this figure, a typical 7.9-kW system would cost about $19,730 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Hohenwald depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar is worth paying. On average Hohenwald homeowners see about $14,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in Hohenwald for a customized quote.
Solar savings over time in Hohenwald
| Year | Return on Investment |
|---|---|
| 1 years | $-18,165 |
| 3 years | $-15,036 |
| 5 years | $-11,906 |
| 7 years | $-8,777 |
| 9 years | $-5,647 |
| 11 years | $-2,518 |
| 13 years | $612 |
| 15 years | $3,741 |
| 17 years | $6,871 |
| 19 years | $10,000 |
| 21 years | $13,130 |
| 23 years | $16,259 |
| 25 years | $19,389 |
Top Solar Installers in Hohenwald
Although it's possible to install solar panels on your own, it involves extra labor and handiness. That's why most homeowners choose a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you go with a solar contractor too, which can save you more money after your initial investment.
If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers in Hohenwald:
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 Hohenwald
Factors that Affect Solar Panel Costs in Hohenwald
For many Hohenwald homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Hohenwald, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,580 per kilowatt in Hohenwald.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Hohenwald, 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
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Hohenwald homeowners choose to finance their solar panel systems to make going solar more affordable.Though solar loans make switching to solar energy more accessible for Hohenwald homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Hohenwald is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more 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 down to compete with bigger companies.
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 | $5,910 | 18.1 years |
| 8 kW | $3.65 | $20,449 | $8,281 | 17.8 years |
| 10 kW | $3.58 | $25,060 | $10,852 | 17.4 years |
| 12 kW | $3.51 | $29,471 | $13,624 | 17.1 years |
| 14 kW | $3.44 | $33,681 | $16,597 | 16.7 years |
| 16 kW | $3.37 | $37,690 | $19,770 | 16.4 years |
| 18 kW | $3.29 | $41,499 | $23,143 | 16.0 years |
| 20 kW | $3.22 | $45,108 | $26,717 | 15.7 years |
How to Save on Solar Panels
There are many companies available in Hohenwald, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Hohenwald, TN Solar Cost FAQs
What is the average cost of installing solar panels in Hohenwald?
This is a tough 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 other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Hohenwald?
You can’t get solar panels for free in Hohenwald. 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 property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hohenwald is currently $218,827, which means you can look forward to a value of about $8,972 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hohenwald is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.