Solar Panel Cost Guide in Smithville, TN (2025 Update)
- Smithville Solar Installation Cost: $20,168
- 25-Year Savings: $13,669
- Payback Period: 18.2 Years
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Average Cost of Solar Panels in Smithville
See how much it might cost to go solar in Smithville.
The average cost of solar panels in Smithville is 4 per watt.The average Smithville homeowner needs a 8.0-kilowatt system, which would cost about $20,168 with the federal tax credit, or $28,840 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Smithville 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.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Smithville can save around $14,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Smithville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Smithville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,545 |
| 3 years | $-15,299 |
| 5 years | $-12,053 |
| 7 years | $-8,807 |
| 9 years | $-5,561 |
| 11 years | $-2,315 |
| 13 years | $931 |
| 15 years | $4,177 |
| 17 years | $7,423 |
| 19 years | $10,669 |
| 21 years | $13,915 |
| 23 years | $17,161 |
| 25 years | $20,407 |
Top Solar Installers in Smithville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. Plus, if you’re unsure what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Smithville
Factors that Affect Solar Panel Costs in Smithville
There are many criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of a solar panel system in Smithville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $3,580 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 power bills. In addition, extra products, such as solar batteries, can bring your total well above the Smithville average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Smithville, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s a good idea to add 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you pick will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $5,011 | 18.9 years |
| 8 kW | $3.65 | $20,449 | $7,082 | 18.6 years |
| 10 kW | $3.58 | $25,060 | $9,354 | 18.2 years |
| 12 kW | $3.51 | $29,471 | $11,826 | 17.8 years |
| 14 kW | $3.44 | $33,681 | $14,499 | 17.5 years |
| 16 kW | $3.37 | $37,690 | $17,372 | 17.1 years |
| 18 kW | $3.29 | $41,499 | $20,445 | 16.7 years |
| 20 kW | $3.22 | $45,108 | $23,719 | 16.4 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Smithville, 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 respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
EcoWatch's Smithville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Smithville?
This is a tough 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Smithville have a net metering program?
Most states have 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 utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.