Solar Panel Cost Guide in Pigeon Forge, TN (2024 Update)
- Pigeon Forge Solar Installation Cost: $20,283
- 25-Year Savings: $7,765
- Payback Period: 23.2 Years
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Average Cost of Solar Panels in Pigeon Forge
Find out what the average cost of a solar system is in Pigeon Forge.
In Pigeon Forge, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Pigeon Forge, most homeowners require a 8.1-kilowatt system. Using the figure above, a solar installation costs around $20,283, or $29,005 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Pigeon Forge homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a sound investment. The average homeowner in Pigeon Forge can save around $11,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Pigeon Forge
| Year | Return on Investment |
|---|---|
| 1 years | $-18,765 |
| 3 years | $-15,728 |
| 5 years | $-12,691 |
| 7 years | $-9,654 |
| 9 years | $-6,617 |
| 11 years | $-3,581 |
| 13 years | $-544 |
| 15 years | $2,493 |
| 17 years | $5,530 |
| 19 years | $8,567 |
| 21 years | $11,604 |
| 23 years | $14,641 |
| 25 years | $17,677 |
Top Solar Installers in Pigeon Forge
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar company can make your swap to solar power much easier. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for your home.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Pigeon Forge
Factors that Affect Solar Panel Costs in Pigeon Forge
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,580. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Pigeon Forge average.
Solar Financing Terms
Most solar companies in Pigeon Forge have solar loans, which reduce the initial cost of installing solar.When figuring 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
Finally, the company you hire to install your solar system can influence how much it costs. Pigeon Forge’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $576 | 24.1 years |
| 8 kW | $3.65 | $20,449 | $1,169 | 23.6 years |
| 10 kW | $3.58 | $25,060 | $1,963 | 23.2 years |
| 12 kW | $3.51 | $29,471 | $2,957 | 22.7 years |
| 14 kW | $3.44 | $33,681 | $4,151 | 22.3 years |
| 16 kW | $3.37 | $37,690 | $5,546 | 21.8 years |
| 18 kW | $3.29 | $41,499 | $7,142 | 21.3 years |
| 20 kW | $3.22 | $45,108 | $8,938 | 20.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A quality company rises above other companies by providing 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 cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
EcoWatch's Pigeon Forge, TN Solar Cost FAQs
What is the average cost of installing solar panels in Pigeon Forge?
The average cost of solar panels in Pigeon Forge 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Pigeon Forge?
You can’t get solar panels for free in Pigeon Forge. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pigeon Forge is currently $467,175, which means you could be looking at a value of about $19,154 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Pigeon Forge is a fruitful investment.
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 get 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.