Solar Panel Cost Guide in Humboldt, TN (2024 Update)
- Humboldt Solar Installation Cost: $19,560
- 25-Year Savings: $12,637
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Humboldt
Find out what the average cost of a solar system is in Humboldt.
Although the national average of solar panels is $2.66 per watt, solar panels in Humboldt generally cost about 4.The average Humboldt homeowner needs a 7.8-kilowatt system, which would cost about $19,560 with the federal tax credit, or $27,971 before the 0 tax credit is applied.
These figures are only estimates, and how much solar costs for you may look different based on factors unique to your home and what company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar installer in Humboldt, you can click the button below.
Solar savings over time in Humboldt
| Year | Return on Investment |
|---|---|
| 1 years | $-17,920 |
| 3 years | $-14,641 |
| 5 years | $-11,361 |
| 7 years | $-8,082 |
| 9 years | $-4,803 |
| 11 years | $-1,523 |
| 13 years | $1,756 |
| 15 years | $5,036 |
| 17 years | $8,315 |
| 19 years | $11,595 |
| 21 years | $14,874 |
| 23 years | $18,154 |
| 25 years | $21,433 |
Top Solar Installers in Humboldt
Putting up solar panels yourself can be a dangerous task, which is why hiring a solar installer is a good option for many homeowners. Also, if you’d like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you're on the hunt for a solar company in Humboldt, we've compiled a list of our top suggestions here:
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 Humboldt
Factors that Affect Solar Panel Costs in Humboldt
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Humboldt: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Humboldt, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $3,580 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Humboldt, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 utility bills over time, but they can also be a significant investment. That’s why many Humboldt homeowners decide to finance their solar panel systems to offset upfront costs.While solar loans make going solar more accessible for Humboldt homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Humboldt, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $4,535 | 19.4 years |
| 8 kW | $3.65 | $20,449 | $6,447 | 19.0 years |
| 10 kW | $3.58 | $25,060 | $8,560 | 18.6 years |
| 12 kW | $3.51 | $29,471 | $10,874 | 18.3 years |
| 14 kW | $3.44 | $33,681 | $13,388 | 17.9 years |
| 16 kW | $3.37 | $37,690 | $16,102 | 17.5 years |
| 18 kW | $3.29 | $41,499 | $19,017 | 17.1 years |
| 20 kW | $3.22 | $45,108 | $22,132 | 16.8 years |
How to Save on Solar Panels
There are numerous companies to choose from in Humboldt, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should opt for, since different companies have different panels.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
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 Humboldt, TN Solar Cost FAQs
How much does it cost to install solar panels in Humboldt?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Humboldt?
You can’t get solar panels for free in Humboldt. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Humboldt?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.