Solar Panel Cost Guide in Ripley, TN (2024 Update)
- Ripley Solar Installation Cost: $19,448
- 25-Year Savings: $14,748
- Payback Period: 17.2 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 Ripley
Find out what the average cost of installing solar panels is in Ripley.
Although the national average of solar panels is $2.66 per watt, solar panels in Ripley generally cost around 4.The average solar panel system size in Ripley is around 7.8 kilowatts, meaning a cost of about $19,448 for a solar installation, or $27,811 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Ripley homeowner. The cost 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 going solar is a rewarding investment. The average homeowner in Ripley can save about $15,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Ripley
| Year | Return on Investment |
|---|---|
| 1 years | $-17,939 |
| 3 years | $-14,923 |
| 5 years | $-11,906 |
| 7 years | $-8,890 |
| 9 years | $-5,873 |
| 11 years | $-2,856 |
| 13 years | $160 |
| 15 years | $3,177 |
| 17 years | $6,194 |
| 19 years | $9,210 |
| 21 years | $12,227 |
| 23 years | $15,244 |
| 25 years | $18,260 |
Top Solar Installers in Ripley
Although it's possible to install solar panels by yourself, it requires extra time and expertise. That's why almost all homeowners choose to hire a solar panel installer. Some solar installers, particularly local ones, can help you make the most of incentives in Ripley, optimizing your ROI.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Ripley
Factors that Affect Solar Panel Costs in Ripley
Even though the average cost of a solar system in Ripley is $19,448, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 pay about $3,580 per kilowatt in Ripley.The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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
Most solar installers in Ripley provide solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Ripley is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Ripley have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $6,223 | 17.9 years |
| 8 kW | $3.65 | $20,449 | $8,698 | 17.5 years |
| 10 kW | $3.58 | $25,060 | $11,373 | 17.2 years |
| 12 kW | $3.51 | $29,471 | $14,250 | 16.9 years |
| 14 kW | $3.44 | $33,681 | $17,326 | 16.5 years |
| 16 kW | $3.37 | $37,690 | $20,603 | 16.2 years |
| 18 kW | $3.29 | $41,499 | $24,081 | 15.8 years |
| 20 kW | $3.22 | $45,108 | $27,759 | 15.5 years |
How to Save on Solar Panels
There are a lot of companies available in Ripley, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
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 Ripley, TN Solar Cost FAQs
What is the average cost of installing solar panels in Ripley?
The average cost of solar panels in Ripley 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Ripley?
You can’t get solar panels for free in Ripley. 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’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for 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."
How long do solar panels last in Ripley?
On average, solar panels can last 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.