Solar Panel Cost Guide in Oak Grove, TN (2025 Update)
- Oak Grove Solar Installation Cost: $20,584
- 25-Year Savings: $18,530
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Oak Grove
See how much it might cost to switch to solar power in Oak Grove.
The national average cost of solar panels is $2.66 per watt, but in Oak Grove it’s 4 per watt.To account for the typical energy needs of the average home in Oak Grove, most homeowners require a 8.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $20,584, or $29,435 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Oak Grove homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Oak Grove can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Oak Grove for a quote for your home.
Solar savings over time in Oak Grove
Year | Return on Investment |
---|---|
1 years | $-19,224 |
3 years | $-16,503 |
5 years | $-13,783 |
7 years | $-11,063 |
9 years | $-8,342 |
11 years | $-5,622 |
13 years | $-2,902 |
15 years | $-181 |
17 years | $2,539 |
19 years | $5,259 |
21 years | $7,980 |
23 years | $10,700 |
25 years | $13,421 |
Top Solar Installers in Oak Grove
Many homeowners decide to hire a solar panel installer since trying to put up solar panels on your own can be time-consuming. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Oak Grove
Factors that Affect Solar Panel Costs in Oak Grove
Even though the average cost of a solar system in Oak Grove is $20,584, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,580. The brand of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to think about 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 for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Oak Grove homeowners choose to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Oak Grove, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $8,356 | 16.3 years |
8 kW | $3.65 | $20,449 | $11,543 | 16.0 years |
10 kW | $3.58 | $25,060 | $14,929 | 15.7 years |
12 kW | $3.51 | $29,471 | $18,517 | 15.4 years |
14 kW | $3.44 | $33,681 | $22,305 | 15.0 years |
16 kW | $3.37 | $37,690 | $26,293 | 14.7 years |
18 kW | $3.29 | $41,499 | $30,482 | 14.4 years |
20 kW | $3.22 | $45,108 | $34,871 | 14.1 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 models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: If you’re worried about the longevity of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
EcoWatch's Oak Grove, TN Solar Cost FAQs
What is the average cost of installing solar panels in Oak Grove?
The average cost of solar panels in Oak Grove 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.