Solar Panel Cost Guide in Jasper, TN (2024 Update)
- Jasper Solar Installation Cost: $19,650
- 25-Year Savings: $4,381
- Payback Period: 27.2 Years
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Average Cost of Solar Panels in Jasper
Find out what the average cost of installing solar panels is in Jasper.
The average cost of solar panels in Jasper is 4 per watt.The average Jasper homeowner needs a 7.8-kilowatt system, which would cost about $19,650 with the federal tax credit, or $28,100 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs will most likely look different based on the amount of energy your home requires and what company you want to go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Jasper can save about $9,200 on their power bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Jasper, you can click the button below.
Solar savings over time in Jasper
| Year | Return on Investment |
|---|---|
| 1 years | $-18,038 |
| 3 years | $-14,814 |
| 5 years | $-11,590 |
| 7 years | $-8,367 |
| 9 years | $-5,143 |
| 11 years | $-1,919 |
| 13 years | $1,304 |
| 15 years | $4,528 |
| 17 years | $7,752 |
| 19 years | $10,976 |
| 21 years | $14,199 |
| 23 years | $17,423 |
| 25 years | $20,647 |
Top Solar Installers in Jasper
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using an installer can make your switch to solar power much easier. Another upside of going with a solar company is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are a number of licensed solar professionals that can help you install your solar system. 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 Jasper
Factors that Affect Solar Panel Costs in Jasper
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Jasper: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Jasper average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Jasper homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Jasper, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Jasper are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $-1,827 | 28.3 years |
| 8 kW | $3.65 | $20,449 | $-2,036 | 27.8 years |
| 10 kW | $3.58 | $25,060 | $-2,043 | 27.2 years |
| 12 kW | $3.51 | $29,471 | $-1,850 | 26.7 years |
| 14 kW | $3.44 | $33,681 | $-1,457 | 26.1 years |
| 16 kW | $3.37 | $37,690 | $-863 | 25.6 years |
| 18 kW | $3.29 | $41,499 | $-69 | 25.0 years |
| 20 kW | $3.22 | $45,108 | $926 | 24.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which brand 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 Jasper, TN Solar Cost FAQs
How much does it cost to install solar panels in Jasper?
The average cost of solar panels in Jasper 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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Jasper?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $460.34 per year.
How long do solar panels last in Jasper?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.