Solar Panel Cost Guide in Morristown, TN (2024 Update)
- Morristown Solar Installation Cost: $19,875
- 25-Year Savings: $8,333
- Payback Period: 22.4 Years
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Average Cost of Solar Panels in Morristown
We break down average solar pricing in Morristown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Morristown, the typical cost of a solar system is 4 per watt.The average Morristown homeowner needs a 7.9-kilowatt system, which would cost about $19,875 with the federal tax credit, or $28,421 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Morristown based on a few factors, such as the brand of solar panels you choose and the solar installer you hire.Even with the high initial cost, the average Morristown homeowner can save around $11,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar company in Morristown that can help you get a more accurate cost estimate for your home.
Solar savings over time in Morristown
| Year | Return on Investment |
|---|---|
| 1 years | $-18,282 |
| 3 years | $-15,095 |
| 5 years | $-11,909 |
| 7 years | $-8,722 |
| 9 years | $-5,535 |
| 11 years | $-2,349 |
| 13 years | $838 |
| 15 years | $4,025 |
| 17 years | $7,211 |
| 19 years | $10,398 |
| 21 years | $13,585 |
| 23 years | $16,771 |
| 25 years | $19,958 |
Top Solar Installers in Morristown
Although it's possible to install solar panels yourself, it involves extra energy and handiness. For that reason, almost all homeowners choose to go with a solar panel installer. The payback period on an investment in solar panels will vary based on factors like your location and energy use, but going with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
Working with a vetted solar installer can make going solar easier. 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 Morristown
Factors that Affect Solar Panel Costs in Morristown
The cost of installing a solar system in Morristown can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The model of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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 into a solar system that’s in your budget.
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 Morristown homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence your pricing. Morristown’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $1,125 | 23.3 years |
| 8 kW | $3.65 | $20,449 | $1,901 | 22.9 years |
| 10 kW | $3.58 | $25,060 | $2,877 | 22.4 years |
| 12 kW | $3.51 | $29,471 | $4,054 | 22.0 years |
| 14 kW | $3.44 | $33,681 | $5,431 | 21.5 years |
| 16 kW | $3.37 | $37,690 | $7,009 | 21.1 years |
| 18 kW | $3.29 | $41,499 | $8,787 | 20.6 years |
| 20 kW | $3.22 | $45,108 | $10,766 | 20.2 years |
How to Save on Solar Panels
There are a large number of companies available in Morristown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you’d like plays a role in which company you should choose, since different companies offer different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- 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 repairing your electrical system or roof.
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 Morristown, TN Solar Cost FAQs
How much does it cost to install solar panels in Morristown?
The average cost of solar panels in Morristown 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Morristown?
You can’t get solar panels for free in Morristown. 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’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Morristown?
Solar panels can be a fruitful 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 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.