Solar Panel Cost Guide in Jonesborough, TN (2023 Update)
- Jonesborough Solar Installation Cost: $14,310
- 25-Year Savings: $20,873
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jonesborough
Find out how much it might cost to install solar panels in Jonesborough.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jonesborough, the average cost of solar panels is 2.49 per watt. To account for the typical energy needs of the average home in Jonesborough, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs about $14,310, or $20,463 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Jonesborough homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $16,000 on power bills over 20 years, many homeowners in Jonesborough find installing solar panels can be quite rewarding.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Jonesborough
| Year | Return on Investment |
|---|---|
| 1 years | $-12,903 |
| 3 years | $-10,088 |
| 5 years | $-7,273 |
| 7 years | $-4,459 |
| 9 years | $-1,644 |
| 11 years | $1,171 |
| 13 years | $3,985 |
| 15 years | $6,800 |
| 17 years | $9,615 |
| 19 years | $12,429 |
| 21 years | $15,244 |
| 23 years | $18,059 |
| 25 years | $20,873 |
Top Solar Installers in Jonesborough
Many homeowners decide to use a solar panel installer since installing solar panels by yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
There are several factors that can play into your 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
When it comes to estimating the cost of a solar energy system in Jonesborough, one of the most crucial 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 usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,490 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Jonesborough to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect how much you pay. Jonesborough's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.59 | $10,876 | $14,824 | 10.6 years |
| 8 kW | $2.54 | $14,223 | $20,044 | 10.4 years |
| 10 kW | $2.49 | $17,430 | $25,404 | 10.2 years |
| 12 kW | $2.44 | $20,498 | $30,903 | 10.0 years |
| 14 kW | $2.39 | $23,426 | $36,541 | 9.8 years |
| 16 kW | $2.34 | $26,215 | $42,319 | 9.6 years |
| 18 kW | $2.29 | $28,864 | $48,237 | 9.4 years |
| 20 kW | $2.24 | $31,374 | $54,294 | 9.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,450 for a 5-kW system and $24,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jonesborough is currently $166,200, which means you can look forward to a value of about $6,814 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Jonesborough is a rewarding investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.