Solar Panel Cost Guide in Ashland City, TN (2024 Update)
- Ashland City Solar Installation Cost: $19,901
- 25-Year Savings: $12,595
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Ashland City
See how much it might cost to make the switch to solar in Ashland City.
The national average cost of solar panels is $2.66 per watt, but in Ashland City it’s 4 per watt.The average Ashland City homeowner needs a 7.9-kilowatt system, which would cost about $19,901 with the federal tax credit, or $28,458 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.For most homeowners, the upfront investment in solar is worth paying. On average Ashland City homeowners see about $13,000 in savings on energy bills over 20 years.
To receive a free quote from a highly rated solar company in Ashland City, you can click the button below.
Solar savings over time in Ashland City
| Year | Return on Investment |
|---|---|
| 1 years | $-18,286 |
| 3 years | $-15,056 |
| 5 years | $-11,826 |
| 7 years | $-8,595 |
| 9 years | $-5,365 |
| 11 years | $-2,135 |
| 13 years | $1,096 |
| 15 years | $4,326 |
| 17 years | $7,556 |
| 19 years | $10,787 |
| 21 years | $14,017 |
| 23 years | $17,247 |
| 25 years | $20,477 |
Top Solar Installers in Ashland City
Although it's possible to install solar panels by yourself, it takes extra time and expertise. Because of that, most homeowners choose to go with a solar panel installer. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Ashland City
Factors that Affect Solar Panel Costs in Ashland City
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Ashland City: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar system you need for your household, 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. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Ashland City, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Ashland City, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have 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 | $4,337 | 19.6 years |
| 8 kW | $3.65 | $20,449 | $6,183 | 19.2 years |
| 10 kW | $3.58 | $25,060 | $8,230 | 18.8 years |
| 12 kW | $3.51 | $29,471 | $10,478 | 18.4 years |
| 14 kW | $3.44 | $33,681 | $12,926 | 18.1 years |
| 16 kW | $3.37 | $37,690 | $15,574 | 17.7 years |
| 18 kW | $3.29 | $41,499 | $18,423 | 17.3 years |
| 20 kW | $3.22 | $45,108 | $21,472 | 16.9 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: When making the switch to solar energy, it’s crucial to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Ashland City, TN Solar Cost FAQs
How much does it cost to install solar panels in Ashland City?
The average cost of solar panels in Ashland City is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Ashland City?
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 installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Ashland City, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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 house 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.