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 average cost of a solar system is 4 per watt.Because a 8.1-kW system is needed to cover the energy consumption of a typical home in Sevierville, the average price of going solar will be about $20,283 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $11,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar installer in Sevierville for a quote 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
Trying to put up solar panels yourself can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. Another advantage of utilizing a solar installer is that they can help you make the most of your return of investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free quote 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 Sevierville
Factors that Affect Solar Panel Costs in Sevierville
Although the average cost of a solar system in Sevierville is $20,283, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,580 per kilowatt in Sevierville.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Sevierville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Sevierville is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that provide a range of services at different price points.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fits 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 solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which company you should choose, since different companies provide different panels.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project completion timeline.
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 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Sevierville?
Most states offer net metering programs of some kind. Through these, you can either be compensated 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 goes down 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.