Solar Panel Cost Guide in Jonesborough, TN (2024 Update)
- Jonesborough Solar Installation Cost: $20,584
- 25-Year Savings: $20,867
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Jonesborough
We break down average solar pricing in Jonesborough.
The national average cost of solar panels is $2.66 per watt, but in Jonesborough it’s 4 per watt.The average Jonesborough homeowner needs a 8.2-kilowatt system, which would cost about $20,584 with the federal tax credit, or $29,435 before the 0 tax credit is applied.
The true cost of your system can go higher or lower than the average in Jonesborough depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.Despite the large upfront cost, the average Jonesborough homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Jonesborough
| Year | Return on Investment |
|---|---|
| 1 years | $-19,224 |
| 3 years | $-16,503 |
| 5 years | $-13,783 |
| 7 years | $-11,063 |
| 9 years | $-8,342 |
| 11 years | $-5,622 |
| 13 years | $-2,902 |
| 15 years | $-181 |
| 17 years | $2,539 |
| 19 years | $5,259 |
| 21 years | $7,980 |
| 23 years | $10,700 |
| 25 years | $13,421 |
Top Solar Installers in Jonesborough
Many homeowners opt for a solar installer since trying to install solar panels on your own can be a lot of work. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Jonesborough
Factors that Affect Solar Panel Costs in Jonesborough
The cost of installing a solar system in Jonesborough can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Jonesborough, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions 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
Many homeowners find the average cost of solar in Jonesborough to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Jonesborough, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $10,063 | 15.2 years |
| 8 kW | $3.65 | $20,449 | $13,818 | 14.9 years |
| 10 kW | $3.58 | $25,060 | $17,774 | 14.6 years |
| 12 kW | $3.51 | $29,471 | $21,930 | 14.3 years |
| 14 kW | $3.44 | $33,681 | $26,287 | 14.0 years |
| 16 kW | $3.37 | $37,690 | $30,844 | 13.7 years |
| 18 kW | $3.29 | $41,499 | $35,601 | 13.5 years |
| 20 kW | $3.22 | $45,108 | $40,560 | 13.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Jonesborough, TN Solar Cost FAQs
How much does it cost to install solar panels in Jonesborough?
This is a hard question to answer exactly, because the cost depends on many 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Jonesborough?
A solar panel system isn’t free in Jonesborough, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
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 Jonesborough?
On average, the lifespan of solar panels is 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 amount 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.