Solar Panel Cost Guide in Oak Grove, TN (2023 Update)
- Oak Grove Solar Installation Cost: $14,310
- 25-Year Savings: $18,537
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Oak Grove
We go over average solar pricing in Oak Grove.
The national average cost of solar panels is $2.66 per watt, but in Oak Grove it's 2.49 per watt. The average solar panel system size in Oak Grove is around 8.2 kilowatts, meaning a cost of about $14,310 for a solar installation, or $20,463 before the 30% federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Oak Grove based on a few factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Oak Grove can save about $15,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Oak Grove that can help you get a more accurate cost estimate for your home.
Solar savings over time in Oak Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-12,996 |
| 3 years | $-10,368 |
| 5 years | $-7,741 |
| 7 years | $-5,113 |
| 9 years | $-2,485 |
| 11 years | $143 |
| 13 years | $2,770 |
| 15 years | $5,398 |
| 17 years | $8,026 |
| 19 years | $10,654 |
| 21 years | $13,281 |
| 23 years | $15,909 |
| 25 years | $18,537 |
Top Solar Installers in Oak Grove
Installing solar panels yourself can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're looking for a solar installer in Oak Grove, the EcoWatch team has organized a list of our top suggestions here:
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Oak Grove
Factors that Affect Solar Panel Costs in Oak Grove
There are many criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,490 per kilowatt in Oak Grove. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over five to seven years on average. It's wise to add 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Oak Grove, and each can charge varying amounts for labor and equipment. Some companies 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 decide on the company that has the products, warranties and services you want and also is 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 | $2.59 | $10,876 | $13,117 | 11.3 years |
| 8 kW | $2.54 | $14,223 | $17,769 | 11.1 years |
| 10 kW | $2.49 | $17,430 | $22,559 | 10.9 years |
| 12 kW | $2.44 | $20,498 | $27,490 | 10.7 years |
| 14 kW | $2.39 | $23,426 | $32,559 | 10.5 years |
| 16 kW | $2.34 | $26,215 | $37,768 | 10.2 years |
| 18 kW | $2.29 | $28,864 | $43,117 | 10.0 years |
| 20 kW | $2.24 | $31,374 | $48,605 | 9.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 Oak Grove, TN Solar Cost FAQs
How much does it cost to install solar panels in Oak Grove?
The average cost of solar panels in Oak Grove is about $12,450 for a 5-kW system and $24,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.