Solar Panel Cost Guide in Lake Tansi, TN (2025 Update)
- Lake Tansi Solar Installation Cost: $20,117
- 25-Year Savings: $9,473
- Payback Period: 21.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lake Tansi
Find out what the average cost of solar panel installation is in Lake Tansi.
In Lake Tansi, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Lake Tansi, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $20,117, or $28,767 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what company you go with.Even with the large upfront cost, the average Lake Tansi homeowner can save about $12,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar company in Lake Tansi for a custom estimate.
Solar savings over time in Lake Tansi
| Year | Return on Investment |
|---|---|
| 1 years | $-18,494 |
| 3 years | $-15,248 |
| 5 years | $-12,002 |
| 7 years | $-8,756 |
| 9 years | $-5,510 |
| 11 years | $-2,264 |
| 13 years | $982 |
| 15 years | $4,228 |
| 17 years | $7,474 |
| 19 years | $10,720 |
| 21 years | $13,966 |
| 23 years | $17,212 |
| 25 years | $20,458 |
Top Solar Installers in Lake Tansi
Although it's possible to install solar panels by yourself, it requires extra effort and handiness. Because of that, most people choose a solar panel installer. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers in Lake Tansi:
See all of the solar companies in Lake Tansi
Factors that Affect Solar Panel Costs in Lake Tansi
There are many factors 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 performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,580 per kilowatt in Lake Tansi.The brand of solar panels and equipment you want is another factor that will significantly influence 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 researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Lake Tansi, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater 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 discount can bring their pricing lower to compete with bigger names.
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 | $1,901 | 22.3 years |
| 8 kW | $3.65 | $20,449 | $2,935 | 21.9 years |
| 10 kW | $3.58 | $25,060 | $4,171 | 21.4 years |
| 12 kW | $3.51 | $29,471 | $5,606 | 21.0 years |
| 14 kW | $3.44 | $33,681 | $7,242 | 20.6 years |
| 16 kW | $3.37 | $37,690 | $9,079 | 20.1 years |
| 18 kW | $3.29 | $41,499 | $11,116 | 19.7 years |
| 20 kW | $3.22 | $45,108 | $13,353 | 19.3 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. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
EcoWatch's Lake Tansi, TN Solar Cost FAQs
What is the average cost of installing solar panels in Lake Tansi?
The average cost of solar panels in Lake Tansi 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Lake Tansi?
A solar panel system isn’t free in Lake Tansi, but there are some options that can make getting them more viable, 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 it worth going solar in Lake Tansi?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Lake Tansi?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.