Solar Panel Cost Guide in Lenoir City, TN (2024 Update)
- Lenoir City Solar Installation Cost: $19,710
- 25-Year Savings: $13,835
- Payback Period: 17.9 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 Lenoir City
Let’s have a look at the average cost of solar in Lenoir City.
In Lenoir City, solar panels cost about 4 per watt on average.The average solar panel system size in Lenoir City is around 7.9 kilowatts, meaning a cost of about $19,710 for a solar installation, or $28,185 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Lenoir City can save about $14,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lenoir City
| Year | Return on Investment |
|---|---|
| 1 years | $-18,144 |
| 3 years | $-15,010 |
| 5 years | $-11,877 |
| 7 years | $-8,744 |
| 9 years | $-5,611 |
| 11 years | $-2,478 |
| 13 years | $655 |
| 15 years | $3,789 |
| 17 years | $6,922 |
| 19 years | $10,055 |
| 21 years | $13,188 |
| 23 years | $16,321 |
| 25 years | $19,454 |
Top Solar Installers in Lenoir City
Although it's possible to install solar panels yourself, it involves extra time and expertise. For that reason, almost all homeowners choose to hire a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Lenoir City
Factors that Affect Solar Panel Costs in Lenoir City
Although the average cost of a solar system in Lenoir City is $19,710, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,580. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.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 access to 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 | $5,375 | 18.6 years |
| 8 kW | $3.65 | $20,449 | $7,567 | 18.2 years |
| 10 kW | $3.58 | $25,060 | $9,960 | 17.9 years |
| 12 kW | $3.51 | $29,471 | $12,554 | 17.5 years |
| 14 kW | $3.44 | $33,681 | $15,348 | 17.2 years |
| 16 kW | $3.37 | $37,690 | $18,342 | 16.8 years |
| 18 kW | $3.29 | $41,499 | $21,537 | 16.5 years |
| 20 kW | $3.22 | $45,108 | $24,933 | 16.1 years |
How to Save on Solar Panels
There are many companies to choose from in Lenoir City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer with regard to 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: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re worried about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Lenoir City, TN Solar Cost FAQs
What is the average cost of installing solar panels in Lenoir City?
The average cost of solar panels in Lenoir City 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Lenoir City?
You can’t get solar panels for free in Lenoir City. However, you may still be able to install 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.
Can solar panels completely eradicate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Lenoir City, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.