Solar Panel Cost Guide in Mount Juliet, TN (2024 Update)
- Mount Juliet Solar Installation Cost: $20,110
- 25-Year Savings: $8,084
- Payback Period: 22.8 Years
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Average Cost of Solar Panels in Mount Juliet
Let’s have a look at the average cost of solar panels in Mount Juliet.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Juliet, the typical cost of a solar system is 4 per watt.The average solar panel system size in Mount Juliet is around 8.0 kilowatts, meaning a cost of about $20,110 for a solar installation, or $28,757 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Mount Juliet based on a few factors, such as the type of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Mount Juliet see about $11,000 in savings on energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mount Juliet
| Year | Return on Investment |
|---|---|
| 1 years | $-18,641 |
| 3 years | $-15,704 |
| 5 years | $-12,767 |
| 7 years | $-9,829 |
| 9 years | $-6,892 |
| 11 years | $-3,954 |
| 13 years | $-1,017 |
| 15 years | $1,921 |
| 17 years | $4,858 |
| 19 years | $7,796 |
| 21 years | $10,733 |
| 23 years | $13,671 |
| 25 years | $16,608 |
Top Solar Installers in Mount Juliet
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Another benefit of using a solar company is that they can help you make the most of your investment by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Mount Juliet
Factors that Affect Solar Panel Costs in Mount Juliet
Although the average cost of a solar system in Mount Juliet is $20,110, your final cost may be above or below the average. There are several 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 cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,580.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Mount Juliet average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.While solar loans make going solar more accessible for Mount Juliet homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Mount Juliet is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different price points.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $865 | 23.7 years |
| 8 kW | $3.65 | $20,449 | $1,554 | 23.2 years |
| 10 kW | $3.58 | $25,060 | $2,443 | 22.8 years |
| 12 kW | $3.51 | $29,471 | $3,534 | 22.3 years |
| 14 kW | $3.44 | $33,681 | $4,824 | 21.9 years |
| 16 kW | $3.37 | $37,690 | $6,315 | 21.4 years |
| 18 kW | $3.29 | $41,499 | $8,007 | 21.0 years |
| 20 kW | $3.22 | $45,108 | $9,899 | 20.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Mount Juliet, TN Solar Cost FAQs
How much does it cost to install solar panels in Mount Juliet?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Mount Juliet?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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.