Solar Panel Cost Guide in Oneida, TN (2024 Update)
- Oneida Solar Installation Cost: $20,576
- 25-Year Savings: $14,254
- Payback Period: 18.0 Years
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Average Cost of Solar Panels in Oneida
Here’s how much it might cost to switch to solar power in Oneida.
Although the national average of solar panels is $2.66 per watt, solar panels in Oneida typically cost around 4.Using this figure, a typical 8.2-kW system would cost about $20,576 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Oneida can save about $14,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Oneida for a custom estimate.
Solar savings over time in Oneida
| Year | Return on Investment |
|---|---|
| 1 years | $-18,962 |
| 3 years | $-15,734 |
| 5 years | $-12,506 |
| 7 years | $-9,278 |
| 9 years | $-6,050 |
| 11 years | $-2,822 |
| 13 years | $406 |
| 15 years | $3,634 |
| 17 years | $6,862 |
| 19 years | $10,090 |
| 21 years | $13,317 |
| 23 years | $16,545 |
| 25 years | $19,773 |
Top Solar Installers in Oneida
When going solar, many homeowners decide to use a solar installer since installing solar panels yourself can be a difficult project. Plus, if you aren’t sure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Oneida
Factors that Affect Solar Panel Costs in Oneida
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Oneida: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you get is another factor that will largely affect 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 make decisions 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 researching a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to include 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 off the loan.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Oneida, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $5,237 | 18.7 years |
| 8 kW | $3.65 | $20,449 | $7,383 | 18.4 years |
| 10 kW | $3.58 | $25,060 | $9,730 | 18.0 years |
| 12 kW | $3.51 | $29,471 | $12,278 | 17.6 years |
| 14 kW | $3.44 | $33,681 | $15,026 | 17.3 years |
| 16 kW | $3.37 | $37,690 | $17,974 | 16.9 years |
| 18 kW | $3.29 | $41,499 | $21,123 | 16.6 years |
| 20 kW | $3.22 | $45,108 | $24,473 | 16.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project timeline.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Oneida, TN Solar Cost FAQs
What is the average cost of installing solar panels in Oneida?
This is a difficult question to answer precisely, 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Oneida?
You can’t get solar panels for free in Oneida. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Oneida?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Oneida?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.