Solar Panel Cost Guide in Springfield, TN (2024 Update)
- Springfield Solar Installation Cost: $20,039
- 25-Year Savings: $8,635
- Payback Period: 22.2 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 Springfield
We break down average solar pricing in Springfield.
While the national average of solar panels is $2.66 per watt, solar panels in Springfield generally cost about 4.Because a 8.0-kW system is needed to cover the energy consumption of a typical home in Springfield, the average price of going solar will be about $20,039 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Springfield homeowner. The cost 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 typical savings of about $11,000 on electricity bills over 20 years, many homeowners in Springfield find installing solar panels can pay off big.
To get a free estimate from a pre-vetted solar installation company in Springfield, you can click the button below.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-18,424 |
| 3 years | $-15,194 |
| 5 years | $-11,964 |
| 7 years | $-8,733 |
| 9 years | $-5,503 |
| 11 years | $-2,273 |
| 13 years | $958 |
| 15 years | $4,188 |
| 17 years | $7,418 |
| 19 years | $10,649 |
| 21 years | $13,879 |
| 23 years | $17,109 |
| 25 years | $20,339 |
Top Solar Installers in Springfield
When switching to solar energy, many homeowners decide to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Local solar companies can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Springfield
Factors that Affect Solar Panel Costs in Springfield
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Springfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
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 electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,580 per kilowatt in Springfield.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Springfield to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Some companies 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 come with an above-average cost. It’s best to do some research and decide on the company that has the products, warranties and services you’re looking for 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 | $1,299 | 23.1 years |
| 8 kW | $3.65 | $20,449 | $2,133 | 22.6 years |
| 10 kW | $3.58 | $25,060 | $3,168 | 22.2 years |
| 12 kW | $3.51 | $29,471 | $4,403 | 21.8 years |
| 14 kW | $3.44 | $33,681 | $5,838 | 21.3 years |
| 16 kW | $3.37 | $37,690 | $7,474 | 20.9 years |
| 18 kW | $3.29 | $41,499 | $9,310 | 20.4 years |
| 20 kW | $3.22 | $45,108 | $11,347 | 20.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
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 Springfield, TN Solar Cost FAQs
How much does it cost to install solar panels in Springfield?
The average cost of solar panels in Springfield 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Springfield?
You can’t get solar panels for free in Springfield. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Springfield have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy 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?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 get 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.