Solar Panel Cost Guide in Crossville, TN (2024 Update)
- Crossville Solar Installation Cost: $20,117
- 25-Year Savings: $5,687
- Payback Period: 25.6 Years
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Average Cost of Solar Panels in Crossville
See how much it might cost to install solar panels in Crossville.
In Crossville, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Crossville, most homeowners require a 8.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $20,117, or $28,767 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Crossville homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the large initial cost, the average Crossville homeowner can save about $9,800 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Crossville
| Year | Return on Investment |
|---|---|
| 1 years | $-19,458 |
| 3 years | $-18,138 |
| 5 years | $-16,819 |
| 7 years | $-15,500 |
| 9 years | $-14,181 |
| 11 years | $-12,861 |
| 13 years | $-11,542 |
| 15 years | $-10,223 |
| 17 years | $-8,904 |
| 19 years | $-7,584 |
| 21 years | $-6,265 |
| 23 years | $-4,946 |
| 25 years | $-3,627 |
Top Solar Installers in Crossville
Although you can install solar panels yourself, it requires extra energy and know-how. Because of that, almost all homeowners choose a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money after your initial investment.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Crossville
Factors that Affect Solar Panel Costs in Crossville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Crossville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover 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 installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Crossville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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
Many homeowners find the average cost of solar in Crossville to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.Though solar loans make going solar more accessible for Crossville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Crossville, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $-929 | 26.6 years |
| 8 kW | $3.65 | $20,449 | $-838 | 26.1 years |
| 10 kW | $3.58 | $25,060 | $-546 | 25.6 years |
| 12 kW | $3.51 | $29,471 | $-54 | 25.0 years |
| 14 kW | $3.44 | $33,681 | $639 | 24.5 years |
| 16 kW | $3.37 | $37,690 | $1,532 | 24.0 years |
| 18 kW | $3.29 | $41,499 | $2,626 | 23.5 years |
| 20 kW | $3.22 | $45,108 | $3,920 | 23.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Crossville, TN Solar Cost FAQs
How much does it cost to install solar panels in Crossville?
This is a tough question to answer precisely, because the cost depends on many 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 consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Crossville?
Leasing solar panels can be an option if you can’t 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 financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.