Solar Panel Cost Guide in Spurgeon, TN (2025 Update)
- Spurgeon Solar Installation Cost: $20,536
- 25-Year Savings: $18,563
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Spurgeon
See how much it might cost to make the switch to solar in Spurgeon.
The national average cost of solar panels is $2.66 per watt, but in Spurgeon it’s 4 per watt.The average solar panel system size in Spurgeon is around 8.2 kilowatts, meaning a cost of about $20,536 for a solar installation, or $29,366 before the 0 federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Spurgeon depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Spurgeon
Year | Return on Investment |
---|---|
1 years | $-19,176 |
3 years | $-16,456 |
5 years | $-13,735 |
7 years | $-11,015 |
9 years | $-8,295 |
11 years | $-5,574 |
13 years | $-2,854 |
15 years | $-133 |
17 years | $2,587 |
19 years | $5,307 |
21 years | $8,028 |
23 years | $10,748 |
25 years | $13,468 |
Top Solar Installers in Spurgeon
When going solar, many homeowners decide to hire a solar installer since handling can be a difficult project. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Spurgeon
Factors that Affect Solar Panel Costs in Spurgeon
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Spurgeon: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Spurgeon provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $8,412 | 16.3 years |
8 kW | $3.65 | $20,449 | $11,617 | 15.9 years |
10 kW | $3.58 | $25,060 | $15,022 | 15.6 years |
12 kW | $3.51 | $29,471 | $18,628 | 15.3 years |
14 kW | $3.44 | $33,681 | $22,435 | 15.0 years |
16 kW | $3.37 | $37,690 | $26,442 | 14.7 years |
18 kW | $3.29 | $41,499 | $30,649 | 14.4 years |
20 kW | $3.22 | $45,108 | $35,057 | 14.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
EcoWatch's Spurgeon, TN Solar Cost FAQs
How much does it cost to install solar panels in Spurgeon?
This is a difficult 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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.
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.