Solar Panel Cost Guide in Tellico Village, TN (2024 Update)
- Tellico Village Solar Installation Cost: $19,710
- 25-Year Savings: $13,671
- Payback Period: 18.0 Years
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Average Cost of Solar Panels in Tellico Village
Find out what the average cost of a solar system is in Tellico Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tellico Village, the typical cost of solar panels is 4 per watt.Because a 7.9-kW system is needed to cover the energy usage of a typical home in Tellico Village, the average price of going solar will be about $19,710 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Tellico Village depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on power bills.
To receive a free estimate from a top solar installer in Tellico Village, you can click the button below.
Solar savings over time in Tellico Village
| Year | Return on Investment |
|---|---|
| 1 years | $-18,096 |
| 3 years | $-14,868 |
| 5 years | $-11,640 |
| 7 years | $-8,413 |
| 9 years | $-5,185 |
| 11 years | $-1,957 |
| 13 years | $1,271 |
| 15 years | $4,499 |
| 17 years | $7,727 |
| 19 years | $10,955 |
| 21 years | $14,183 |
| 23 years | $17,411 |
| 25 years | $20,639 |
Top Solar Installers in Tellico Village
Trying to put up solar panels yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Tellico Village
Factors that Affect Solar Panel Costs in Tellico Village
For many Tellico Village homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Tellico Village, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Tellico Village, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Tellico Village have solar loans, which reduce your upfront costs of installing solar.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect your pricing. Tellico Village’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $5,250 | 18.7 years |
| 8 kW | $3.65 | $20,449 | $7,400 | 18.4 years |
| 10 kW | $3.58 | $25,060 | $9,752 | 18.0 years |
| 12 kW | $3.51 | $29,471 | $12,303 | 17.6 years |
| 14 kW | $3.44 | $33,681 | $15,056 | 17.3 years |
| 16 kW | $3.37 | $37,690 | $18,008 | 16.9 years |
| 18 kW | $3.29 | $41,499 | $21,162 | 16.6 years |
| 20 kW | $3.22 | $45,108 | $24,515 | 16.2 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 select the right company for you, here are some tips to keep in mind:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable 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 good reviews from past customers.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The kind of solar panel you’d like plays a part in which company you should go with, since different companies offer different panels.
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 Tellico Village, TN Solar Cost FAQs
How much does it cost to install solar panels in Tellico Village?
This is a difficult question to answer exactly, 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 above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider 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 cities 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.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tellico Village is currently $383,702, which means you could be looking at a value of about $15,732 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Tellico Village is a worthwhile investment.
How long do solar panels last in Tellico Village?
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 level 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.