Solar Panel Cost Guide in Manchester, TN (2024 Update)
- Manchester Solar Installation Cost: $20,004
- 25-Year Savings: $7,745
- Payback Period: 23.1 Years
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Average Cost of Solar Panels in Manchester
Find out what the average cost of a solar system is in Manchester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Manchester, the average cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Manchester, most homeowners require a 8.0-kilowatt system. Using the figure above, a solar installation costs around $20,004, or $28,606 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.With typical savings of about $11,000 on power bills over 20 years, many homeowners in Manchester find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar installer in your area for a customized quote.
Solar savings over time in Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-18,410 |
| 3 years | $-15,222 |
| 5 years | $-12,035 |
| 7 years | $-8,847 |
| 9 years | $-5,659 |
| 11 years | $-2,471 |
| 13 years | $717 |
| 15 years | $3,904 |
| 17 years | $7,092 |
| 19 years | $10,280 |
| 21 years | $13,468 |
| 23 years | $16,655 |
| 25 years | $19,843 |
Top Solar Installers in Manchester
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make switching to solar power much easier. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're looking for a solar company in Manchester, we've organized a list of our top suggestions here:
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 Manchester
Factors that Affect Solar Panel Costs in Manchester
For many Manchester homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Manchester, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,580. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also cost more. 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Manchester homeowners decide to finance their solar panel systems to offset upfront costs.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Manchester is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Manchester have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $642 | 24.0 years |
| 8 kW | $3.65 | $20,449 | $1,257 | 23.6 years |
| 10 kW | $3.58 | $25,060 | $2,072 | 23.1 years |
| 12 kW | $3.51 | $29,471 | $3,088 | 22.6 years |
| 14 kW | $3.44 | $33,681 | $4,304 | 22.2 years |
| 16 kW | $3.37 | $37,690 | $5,721 | 21.7 years |
| 18 kW | $3.29 | $41,499 | $7,338 | 21.2 years |
| 20 kW | $3.22 | $45,108 | $9,156 | 20.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- 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 indication of a quality company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Manchester, TN Solar Cost FAQs
How much does it cost to install solar panels in Manchester?
The average cost of solar panels in Manchester 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 stuff such as 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 Manchester?
You can’t get solar panels for free in Manchester. However, you may still be able to afford 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.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Manchester is currently $298,924, so you can expect a value of about $12,256 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Manchester is a fruitful investment.
How many solar panels should I get to power 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 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 install 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.