Solar Panel Cost Guide in Nolensville, TN (2024 Update)
- Nolensville Solar Installation Cost: $19,919
- 25-Year Savings: $9,180
- Payback Period: 21.6 Years
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Average Cost of Solar Panels in Nolensville
We go over average solar pricing in Nolensville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Nolensville, the typical cost of solar panels is 4 per watt.The average solar panel system size in Nolensville is around 7.9 kilowatts, meaning a cost of about $19,919 for a solar installation, or $28,484 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Nolensville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the significant upfront cost, the average Nolensville homeowner can save about $12,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free quote from a highly rated solar installer in Nolensville, you can click the button below.
Solar savings over time in Nolensville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,499 |
| 3 years | $-15,659 |
| 5 years | $-12,819 |
| 7 years | $-9,979 |
| 9 years | $-7,140 |
| 11 years | $-4,300 |
| 13 years | $-1,460 |
| 15 years | $1,380 |
| 17 years | $4,220 |
| 19 years | $7,060 |
| 21 years | $9,900 |
| 23 years | $12,740 |
| 25 years | $15,579 |
Top Solar Installers in Nolensville
When making the switch to solar, many homeowners choose to go with a solar installation company since putting up a solar system yourself can be a challenging project. Another great thing about going with a top solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you're searching for a solar installer in Nolensville, we've compiled a list of our top suggestions here:
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 Nolensville
Factors that Affect Solar Panel Costs in Nolensville
For many Nolensville homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Nolensville, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Nolensville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,580 for each additional kilowatt you need.The kind of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than 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 researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Nolensville have solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to add 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Nolensville is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs.Additionally, some companies in Nolensville 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 | $1,750 | 22.5 years |
| 8 kW | $3.65 | $20,449 | $2,734 | 22.1 years |
| 10 kW | $3.58 | $25,060 | $3,919 | 21.6 years |
| 12 kW | $3.51 | $29,471 | $5,304 | 21.2 years |
| 14 kW | $3.44 | $33,681 | $6,890 | 20.8 years |
| 16 kW | $3.37 | $37,690 | $8,676 | 20.3 years |
| 18 kW | $3.29 | $41,499 | $10,663 | 19.9 years |
| 20 kW | $3.22 | $45,108 | $12,850 | 19.5 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: If you care about the longevity of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
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 Nolensville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Nolensville?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Nolensville is currently $763,239, so you could be looking at a value of about $31,293 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Nolensville is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 cover 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.