Solar Panel Cost Guide in Winchester, TN (2025 Update)
- Winchester Solar Installation Cost: $19,838
- 25-Year Savings: $9,481
- Payback Period: 21.3 Years
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Average Cost of Solar Panels in Winchester
We break down average solar pricing in Winchester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Winchester, the typical cost of a solar system is 4 per watt.Using this figure, a typical 7.9-kW system would cost about $19,838 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may vary based on factors unique to your home and what company you want to go with.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Winchester can save about $12,000 on their power bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Winchester
| Year | Return on Investment |
|---|---|
| 1 years | $-18,273 |
| 3 years | $-15,143 |
| 5 years | $-12,014 |
| 7 years | $-8,884 |
| 9 years | $-5,755 |
| 11 years | $-2,625 |
| 13 years | $504 |
| 15 years | $3,634 |
| 17 years | $6,763 |
| 19 years | $9,893 |
| 21 years | $13,022 |
| 23 years | $16,152 |
| 25 years | $19,281 |
Top Solar Installers in Winchester
Although you can install solar panels on your own, it takes extra labor and handiness. For that reason, most people choose to go with a solar panel installer. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Winchester
Factors that Affect Solar Panel Costs in Winchester
The cost of installing a solar system in Winchester can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,580. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Winchester, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
Many homeowners find the average cost of solar in Winchester to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Winchester is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 promotion can bring their pricing down to compete with bigger names.
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 | $2,007 | 22.2 years |
| 8 kW | $3.65 | $20,449 | $3,077 | 21.7 years |
| 10 kW | $3.58 | $25,060 | $4,347 | 21.3 years |
| 12 kW | $3.51 | $29,471 | $5,818 | 20.9 years |
| 14 kW | $3.44 | $33,681 | $7,489 | 20.5 years |
| 16 kW | $3.37 | $37,690 | $9,361 | 20.0 years |
| 18 kW | $3.29 | $41,499 | $11,433 | 19.6 years |
| 20 kW | $3.22 | $45,108 | $13,706 | 19.2 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 find the right company for you, here are some tips to keep in mind:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
EcoWatch's Winchester, TN Solar Cost FAQs
What is the average cost of installing solar panels in Winchester?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Winchester?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Winchester is currently $318,063, so you can expect a value of about $13,041 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Winchester is a rewarding investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.