Solar Panel Cost Guide in Huntingdon, TN (2024 Update)
- Huntingdon Solar Installation Cost: $19,670
- 25-Year Savings: $2,979
- Payback Period: 29.5 Years
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Average Cost of Solar Panels in Huntingdon
Find out what the average cost of solar panel installation is in Huntingdon.
The average cost of a solar system in Huntingdon is 4 per watt.The average solar panel system size in Huntingdon is around 7.8 kilowatts, meaning a cost of about $19,670 for a solar installation, or $28,128 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Huntingdon homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $8,500 over 20 years on energy bills.
To get a free quote from a vetted solar installer in Huntingdon, you can click the button below.
Solar savings over time in Huntingdon
| Year | Return on Investment |
|---|---|
| 1 years | $-18,182 |
| 3 years | $-15,206 |
| 5 years | $-12,231 |
| 7 years | $-9,255 |
| 9 years | $-6,279 |
| 11 years | $-3,303 |
| 13 years | $-327 |
| 15 years | $2,648 |
| 17 years | $5,624 |
| 19 years | $8,600 |
| 21 years | $11,576 |
| 23 years | $14,552 |
| 25 years | $17,527 |
Top Solar Installers in Huntingdon
Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be time-consuming. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your upfront investment.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Huntingdon
Factors that Affect Solar Panel Costs in Huntingdon
For many Huntingdon homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Huntingdon, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Huntingdon 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 total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Huntingdon is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for 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 | $-2,903 | 30.7 years |
| 8 kW | $3.65 | $20,449 | $-3,469 | 30.1 years |
| 10 kW | $3.58 | $25,060 | $-3,835 | 29.5 years |
| 12 kW | $3.51 | $29,471 | $-4,001 | 28.9 years |
| 14 kW | $3.44 | $33,681 | $-3,966 | 28.3 years |
| 16 kW | $3.37 | $37,690 | $-3,731 | 27.7 years |
| 18 kW | $3.29 | $41,499 | $-3,295 | 27.2 years |
| 20 kW | $3.22 | $45,108 | $-2,659 | 26.6 years |
How to Save on Solar Panels
There are many companies to choose from in Huntingdon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 big role in the company you go with.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Huntingdon, TN Solar Cost FAQs
What is the average cost of installing solar panels in Huntingdon?
The average cost of solar panels in Huntingdon is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Huntingdon?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Huntingdon have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.