Solar Panel Cost Guide in Oak Hill, TN (2024 Update)
- Oak Hill Solar Installation Cost: $19,966
- 25-Year Savings: $6,226
- Payback Period: 24.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Oak Hill
We break down average solar pricing in Oak Hill.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Oak Hill, the typical cost of a solar system is 4 per watt.Because a 8.0-kW system is needed to cover the energy costs of a typical home in Oak Hill, the average price of going solar will be about $19,966 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you will look different based on your specific situation and what company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $10,000 in savings on utility bills over 20 years.
To get a free quote from a pre-vetted solar installer in Oak Hill, you can click the button below.
Solar savings over time in Oak Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-18,382 |
| 3 years | $-15,214 |
| 5 years | $-12,046 |
| 7 years | $-8,879 |
| 9 years | $-5,711 |
| 11 years | $-2,543 |
| 13 years | $625 |
| 15 years | $3,792 |
| 17 years | $6,960 |
| 19 years | $10,128 |
| 21 years | $13,296 |
| 23 years | $16,463 |
| 25 years | $19,631 |
Top Solar Installers in Oak Hill
Trying to put up solar panels by yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're looking for a solar installer in Oak Hill, the EcoWatch team has 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 Oak Hill
Factors that Affect Solar Panel Costs in Oak Hill
For many Oak Hill homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Oak Hill, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use 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 bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Oak Hill average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies usually 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 additional services like electric vehicle 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 | $-491 | 25.8 years |
| 8 kW | $3.65 | $20,449 | $-253 | 25.3 years |
| 10 kW | $3.58 | $25,060 | $184 | 24.8 years |
| 12 kW | $3.51 | $29,471 | $823 | 24.3 years |
| 14 kW | $3.44 | $33,681 | $1,662 | 23.8 years |
| 16 kW | $3.37 | $37,690 | $2,701 | 23.3 years |
| 18 kW | $3.29 | $41,499 | $3,941 | 22.8 years |
| 20 kW | $3.22 | $45,108 | $5,381 | 22.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
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 Oak Hill, TN Solar Cost FAQs
What is the average cost of installing solar panels in Oak Hill?
The average cost of solar panels in Oak Hill is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Oak Hill?
Solar panels aren’t free in Oak Hill, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $504.89 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.