Solar Panel Cost Guide in La Vergne, TN (2024 Update)
- La Vergne Solar Installation Cost: $20,010
- 25-Year Savings: $8,021
- Payback Period: 22.8 Years
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Average Cost of Solar Panels in La Vergne
Let’s have a look at the average cost of solar panels in La Vergne.
The national average cost of solar panels is $2.66 per watt, but in La Vergne it’s 4 per watt.The average solar panel system size in La Vergne is around 8.0 kilowatts, meaning a cost of about $20,010 for a solar installation, or $28,614 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more.Many homeowners find installing solar panels is a solid investment. The average homeowner in La Vergne can save about $11,000 on their electricity bills over 20 years.
To get a free estimate from a vetted solar installation company in La Vergne, you can click the button below.
Solar savings over time in La Vergne
| Year | Return on Investment |
|---|---|
| 1 years | $-18,529 |
| 3 years | $-15,566 |
| 5 years | $-12,603 |
| 7 years | $-9,641 |
| 9 years | $-6,678 |
| 11 years | $-3,715 |
| 13 years | $-752 |
| 15 years | $2,211 |
| 17 years | $5,174 |
| 19 years | $8,136 |
| 21 years | $11,099 |
| 23 years | $14,062 |
| 25 years | $17,025 |
Top Solar Installers in La Vergne
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make your swap to solar power much easier. Plus, if you’re unsure what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 La Vergne
Factors that Affect Solar Panel Costs in La Vergne
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in La Vergne: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose 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
Most solar installers in La Vergne provide solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to 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 remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in La Vergne is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also is 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 | $847 | 23.7 years |
| 8 kW | $3.65 | $20,449 | $1,531 | 23.3 years |
| 10 kW | $3.58 | $25,060 | $2,415 | 22.8 years |
| 12 kW | $3.51 | $29,471 | $3,499 | 22.3 years |
| 14 kW | $3.44 | $33,681 | $4,784 | 21.9 years |
| 16 kW | $3.37 | $37,690 | $6,269 | 21.4 years |
| 18 kW | $3.29 | $41,499 | $7,955 | 21.0 years |
| 20 kW | $3.22 | $45,108 | $9,841 | 20.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
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 La Vergne, TN Solar Cost FAQs
How much does it cost to install solar panels in La Vergne?
The average cost of solar panels in La Vergne is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in La Vergne?
You can’t get solar panels for free in La Vergne. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in La Vergne?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.