Solar Panel Cost Guide in Fairview, TN (2024 Update)
- Fairview Solar Installation Cost: $19,919
- 25-Year Savings: $11,490
- Payback Period: 19.6 Years
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Average Cost of Solar Panels in Fairview
We break down average solar pricing in Fairview.
The national average cost of solar panels is $2.66 per watt, but in Fairview it’s 4 per watt.The average Fairview homeowner needs a 7.9-kilowatt system, which would cost about $19,919 with the federal tax credit, or $28,484 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Fairview homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $13,000 on utility bills over 20 years, many homeowners in Fairview find going solar has a decent ROI.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Fairview
| Year | Return on Investment |
|---|---|
| 1 years | $-18,478 |
| 3 years | $-15,595 |
| 5 years | $-12,712 |
| 7 years | $-9,830 |
| 9 years | $-6,947 |
| 11 years | $-4,065 |
| 13 years | $-1,182 |
| 15 years | $1,700 |
| 17 years | $4,583 |
| 19 years | $7,466 |
| 21 years | $10,348 |
| 23 years | $13,231 |
| 25 years | $16,113 |
Top Solar Installers in Fairview
Although you can install solar panels by yourself, it involves extra effort and expertise. Because of that, the majority of homeowners choose to go with a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Fairview:
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 Fairview
Factors that Affect Solar Panel Costs in Fairview
The cost of installing a solar system in Fairview can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest 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 for your home, 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 nearly $3,580. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Fairview, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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 Fairview to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time due to interest.However, the interest on solar loans also increases your total costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Fairview, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
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 | $3,494 | 20.4 years |
| 8 kW | $3.65 | $20,449 | $5,060 | 20.0 years |
| 10 kW | $3.58 | $25,060 | $6,826 | 19.6 years |
| 12 kW | $3.51 | $29,471 | $8,792 | 19.3 years |
| 14 kW | $3.44 | $33,681 | $10,959 | 18.9 years |
| 16 kW | $3.37 | $37,690 | $13,327 | 18.5 years |
| 18 kW | $3.29 | $41,499 | $15,895 | 18.1 years |
| 20 kW | $3.22 | $45,108 | $18,663 | 17.7 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
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 Fairview, TN Solar Cost FAQs
What is the average cost of installing solar panels in Fairview?
The average cost of solar panels in Fairview 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Fairview?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out 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 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.