Solar Panel Cost Guide in Green Hill, TN (2024 Update)
- Green Hill Solar Installation Cost: $20,110
- 25-Year Savings: $10,689
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Green Hill
Here’s how much it might cost to switch to solar power in Green Hill.
The national average cost of solar panels is $2.66 per watt, but in Green Hill it’s 4 per watt.Using this figure, a typical 8.0-kW system would cost about $20,110 before the 0 federal solar tax credit is applied.
Remember 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 system you choose, your solar contractor and more.Even with the large upfront cost, the average Green Hill homeowner can save about $12,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Green Hill for a quote for your home.
Solar savings over time in Green Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-18,593 |
| 3 years | $-15,558 |
| 5 years | $-12,523 |
| 7 years | $-9,487 |
| 9 years | $-6,452 |
| 11 years | $-3,417 |
| 13 years | $-382 |
| 15 years | $2,653 |
| 17 years | $5,688 |
| 19 years | $8,723 |
| 21 years | $11,758 |
| 23 years | $14,793 |
| 25 years | $17,828 |
Top Solar Installers in Green Hill
When switching to solar energy, many homeowners decide to use a solar installation company since putting up a solar system yourself can be a difficult project. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Green Hill
Factors that Affect Solar Panel Costs in Green Hill
There are many criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy 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, your total will most likely increase by about $3,580. The kind of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Green Hill have solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Green Hill, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually 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 add-on services like electric car 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 | $2,812 | 21.2 years |
| 8 kW | $3.65 | $20,449 | $4,150 | 20.8 years |
| 10 kW | $3.58 | $25,060 | $5,689 | 20.4 years |
| 12 kW | $3.51 | $29,471 | $7,429 | 20.0 years |
| 14 kW | $3.44 | $33,681 | $9,368 | 19.6 years |
| 16 kW | $3.37 | $37,690 | $11,509 | 19.2 years |
| 18 kW | $3.29 | $41,499 | $13,849 | 18.7 years |
| 20 kW | $3.22 | $45,108 | $16,391 | 18.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose significantly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Green Hill, TN Solar Cost FAQs
How much does it cost to install solar panels in Green Hill?
The average cost of solar panels in Green Hill is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Green Hill, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.