Solar Panel Cost Guide in Lewisburg, TN (2024 Update)
- Lewisburg Solar Installation Cost: $19,770
- 25-Year Savings: $6,158
- Payback Period: 24.8 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 Lewisburg
Find out how much it might cost to install solar panels in Lewisburg.
The national average cost of solar panels is $2.66 per watt, but in Lewisburg it’s 4 per watt.To account for the typical energy needs of the average home in Lewisburg, most homeowners require a 7.9-kilowatt system. Using the figure above, a solar installation costs around $19,770, or $28,271 before the federal solar tax credit of 0 is applied.
Keep in mind 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.For many homeowners, the upfront investment in solar is worth paying. On average Lewisburg homeowners see about $10,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Lewisburg that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lewisburg
| Year | Return on Investment |
|---|---|
| 1 years | $-18,205 |
| 3 years | $-15,075 |
| 5 years | $-11,946 |
| 7 years | $-8,816 |
| 9 years | $-5,687 |
| 11 years | $-2,557 |
| 13 years | $572 |
| 15 years | $3,702 |
| 17 years | $6,831 |
| 19 years | $9,961 |
| 21 years | $13,090 |
| 23 years | $16,220 |
| 25 years | $19,349 |
Top Solar Installers in Lewisburg
Trying to install solar panels by yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. Plus, if you’re unsure what kind of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
Working with a licensed solar company 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 Lewisburg
Factors that Affect Solar Panel Costs in Lewisburg
For many Lewisburg homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Lewisburg, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Lewisburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $3,580 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Lewisburg to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Lewisburg, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for and also fits 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 | $-496 | 25.8 years |
| 8 kW | $3.65 | $20,449 | $-260 | 25.3 years |
| 10 kW | $3.58 | $25,060 | $176 | 24.8 years |
| 12 kW | $3.51 | $29,471 | $813 | 24.3 years |
| 14 kW | $3.44 | $33,681 | $1,650 | 23.8 years |
| 16 kW | $3.37 | $37,690 | $2,688 | 23.3 years |
| 18 kW | $3.29 | $41,499 | $3,926 | 22.8 years |
| 20 kW | $3.22 | $45,108 | $5,364 | 22.3 years |
How to Save on Solar Panels
There are a large number of companies available in Lewisburg, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives 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 Lewisburg, TN Solar Cost FAQs
How much does it cost to install solar panels in Lewisburg?
The average cost of solar panels in Lewisburg 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 model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Lewisburg?
Solar panels can be a beneficial investment for a majority of 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 fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.