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.
While the national average of solar panels is $2.66 per watt, solar panels in Huntingdon typically cost around 4.Because a 7.8-kW system is needed to cover the energy needs of a typical home in Huntingdon, the average price of going solar will be about $19,670 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.Despite the high upfront cost, the average Huntingdon homeowner can save around $8,500 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar installer in Huntingdon for a customized estimate.
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
Although you can install solar panels yourself, it requires extra time and expertise. That's one of the reasons most people choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you go with a solar company as well, which can save you more money after your upfront investment.
If you're searching for a solar installer in Huntingdon, we've put together 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 Huntingdon
Factors that Affect Solar Panel Costs in Huntingdon
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant 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 uses, the larger your system will likely need to be. You can expect to pay around $3,580 per kilowatt in Huntingdon.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Huntingdon, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Huntingdon, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can impact your pricing. Huntingdon’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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
The solar installer you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: If you’re concerned about the durability of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Huntingdon, TN Solar Cost FAQs
How much does it cost to install solar panels in Huntingdon?
This is a difficult question to answer exactly, because the cost depends on many 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 more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Huntingdon?
Leasing solar panels can be an attractive choice, as it often 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 way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Huntingdon?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Huntingdon?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to 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.