Solar Panel Cost Guide in Sevierville, TN (2024 Update)
- Sevierville Solar Installation Cost: $20,283
- 25-Year Savings: $18,268
- Payback Period: 22.3 Years
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Average Cost of Solar Panels in Sevierville
See how much it might cost to switch to solar power in Sevierville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sevierville, the typical cost of a solar system is 4 per watt.The average Sevierville homeowner needs a 8.1-kilowatt system, which would cost about $20,283 with the federal tax credit, or $29,005 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Sevierville homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $11,000 on utility bills over 20 years, many homeowners in Sevierville find investing in solar can pay off big.
You can click the button below to get connected with a vetted solar installer in Sevierville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Sevierville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,741 |
| 3 years | $-15,657 |
| 5 years | $-12,573 |
| 7 years | $-9,489 |
| 9 years | $-6,405 |
| 11 years | $-3,321 |
| 13 years | $-237 |
| 15 years | $2,847 |
| 17 years | $5,931 |
| 19 years | $9,015 |
| 21 years | $12,099 |
| 23 years | $15,183 |
| 25 years | $18,268 |
Top Solar Installers in Sevierville
Although you can install solar panels by yourself, it takes extra time and know-how. For that reason, almost all homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're searching for a solar installer in Sevierville, we've put together a list of our top suggestions here:
See all of the solar companies in Sevierville
Factors that Affect Solar Panel Costs in Sevierville
There are many criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Sevierville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.The kind of 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. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Sevierville average.
Solar Financing Terms
Most solar installers in Sevierville provide solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Sevierville is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for instance, you’ll have many options for solar installers that offer a range of services for different budgets.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also is within your budget.
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 | $1,221 | 23.2 years |
| 8 kW | $3.65 | $20,449 | $2,029 | 22.7 years |
| 10 kW | $3.58 | $25,060 | $3,038 | 22.3 years |
| 12 kW | $3.51 | $29,471 | $4,247 | 21.9 years |
| 14 kW | $3.44 | $33,681 | $5,656 | 21.4 years |
| 16 kW | $3.37 | $37,690 | $7,266 | 21.0 years |
| 18 kW | $3.29 | $41,499 | $9,077 | 20.5 years |
| 20 kW | $3.22 | $45,108 | $11,088 | 20.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Sevierville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established 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 get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- 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 installer, such as what permits you should acquire and what the project timeline is.
EcoWatch's Sevierville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Sevierville?
The average cost of solar panels in Sevierville 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Sevierville have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Sevierville?
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 larger level 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.