Solar Panel Cost Guide in Soddy-Daisy, TN (2025 Update)
- Soddy-Daisy Solar Installation Cost: $19,502
- 25-Year Savings: $5,643
- Payback Period: 25.4 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 Soddy-Daisy
Let’s have a look at the average cost of solar panels in Soddy-Daisy.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Soddy-Daisy, the typical cost of a solar system is 4 per watt.To account for the typical energy needs of the average home in Soddy-Daisy, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,502, or $27,888 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Soddy-Daisy homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar is worth paying. On average Soddy-Daisy homeowners see about $9,900 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Soddy-Daisy for a personalized estimate.
Solar savings over time in Soddy-Daisy
Year | Return on Investment |
---|---|
1 years | $-17,975 |
3 years | $-14,922 |
5 years | $-11,868 |
7 years | $-8,814 |
9 years | $-5,760 |
11 years | $-2,706 |
13 years | $348 |
15 years | $3,401 |
17 years | $6,455 |
19 years | $9,509 |
21 years | $12,563 |
23 years | $15,617 |
25 years | $18,670 |
Top Solar Installers in Soddy-Daisy
Many homeowners choose to hire a solar installation company since trying to put up solar panels by yourself can be time-consuming. Another benefit of using a solar company is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Soddy-Daisy
Factors that Affect Solar Panel Costs in Soddy-Daisy
Although the average cost of a solar system in Soddy-Daisy is $19,502, your final cost may be higher or lower than that. There are many 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 going solar 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 spend about $3,580 per kilowatt in Soddy-Daisy.The 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. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Soddy-Daisy average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Soddy-Daisy homeowners opt to finance their solar panel systems to make going solar more affordable.Although solar loans make adopting solar energy more accessible for Soddy-Daisy homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Soddy-Daisy, and each can charge varying amounts for labor and equipment.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $-829 | 26.4 years |
8 kW | $3.65 | $20,449 | $-704 | 25.9 years |
10 kW | $3.58 | $25,060 | $-379 | 25.4 years |
12 kW | $3.51 | $29,471 | $147 | 24.9 years |
14 kW | $3.44 | $33,681 | $873 | 24.4 years |
16 kW | $3.37 | $37,690 | $1,800 | 23.9 years |
18 kW | $3.29 | $41,499 | $2,927 | 23.4 years |
20 kW | $3.22 | $45,108 | $4,254 | 22.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project timeline.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which company you should opt for, since different companies have access to different panels.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 Soddy-Daisy, TN Solar Cost FAQs
What is the average cost of installing solar panels in Soddy-Daisy?
The average cost of solar panels in Soddy-Daisy 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 consume.
Is it better to lease or buy solar panels in Soddy-Daisy?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $493.62 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.