Solar Panel Cost Guide in Greeneville, TN (2024 Update)
- Greeneville Solar Installation Cost: $20,312
- 25-Year Savings: $6,503
- Payback Period: 24.6 Years
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Average Cost of Solar Panels in Greeneville
Find out what the average cost of a solar system is in Greeneville.
Although the national average of solar panels is $2.66 per watt, solar panels in Greeneville typically cost around 4.Because a 8.1-kW system is needed to cover the energy usage of a typical home in Greeneville, the average price of going solar will be about $20,312 after claiming the federal solar tax credit of 0.
The actual price you pay can be above or below the average in Greeneville based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $10,000 on electricity bills over 20 years, many homeowners in Greeneville find installing solar panels can be quite rewarding.
To get a free quote from a pre-vetted solar installer in Greeneville, you can click the button below.
Solar savings over time in Greeneville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,779 |
| 3 years | $-15,714 |
| 5 years | $-12,649 |
| 7 years | $-9,583 |
| 9 years | $-6,518 |
| 11 years | $-3,453 |
| 13 years | $-388 |
| 15 years | $2,677 |
| 17 years | $5,743 |
| 19 years | $8,808 |
| 21 years | $11,873 |
| 23 years | $14,938 |
| 25 years | $18,003 |
Top Solar Installers in Greeneville
Although it's possible to install solar panels yourself, it involves extra labor and handiness. Because of that, most people choose to go with a solar panel installer. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
Working with a vetted solar company can help your solar project go smoothly. 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 Greeneville
Factors that Affect Solar Panel Costs in Greeneville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Greeneville: 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 cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,580.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Greeneville average.
Solar Financing Terms
Most solar companies in Greeneville provide solar loans, which reduce the initial cost of installing solar panels.While solar loans make adopting solar energy more accessible for Greeneville homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Greeneville, and each can charge varying amounts for labor and equipment.Some companies 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 come at a higher cost. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also fits 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 | $-366 | 25.6 years |
| 8 kW | $3.65 | $20,449 | $-87 | 25.1 years |
| 10 kW | $3.58 | $25,060 | $393 | 24.6 years |
| 12 kW | $3.51 | $29,471 | $1,073 | 24.1 years |
| 14 kW | $3.44 | $33,681 | $1,953 | 23.6 years |
| 16 kW | $3.37 | $37,690 | $3,034 | 23.1 years |
| 18 kW | $3.29 | $41,499 | $4,316 | 22.6 years |
| 20 kW | $3.22 | $45,108 | $5,798 | 22.2 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The type of solar panel you’d like to get plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
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 Greeneville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Greeneville?
The average cost of solar panels in Greeneville 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Greeneville?
You can’t get solar panels for free in Greeneville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 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.
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.