Solar Panel Cost Guide in Halls, TN (2024 Update)
- Halls Solar Installation Cost: $19,448
- 25-Year Savings: $14,070
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Halls
Find out what the average cost of solar panels are in Halls.
In Halls, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Halls, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $19,448, or $27,811 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average Halls homeowners see about $14,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Halls
| Year | Return on Investment |
|---|---|
| 1 years | $-17,808 |
| 3 years | $-14,529 |
| 5 years | $-11,249 |
| 7 years | $-7,970 |
| 9 years | $-4,690 |
| 11 years | $-1,411 |
| 13 years | $1,869 |
| 15 years | $5,148 |
| 17 years | $8,428 |
| 19 years | $11,707 |
| 21 years | $14,987 |
| 23 years | $18,266 |
| 25 years | $21,546 |
Top Solar Installers in Halls
When going solar, many homeowners choose to go with a solar installation company since installing a solar system yourself can be a time-consuming project. Another good thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
There are various 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 Halls
Factors that Affect Solar Panel Costs in Halls
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Halls: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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 panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Halls, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Most solar installers in Halls provide solar loans, which reduce the initial cost of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $5,698 | 18.3 years |
| 8 kW | $3.65 | $20,449 | $7,999 | 18.0 years |
| 10 kW | $3.58 | $25,060 | $10,500 | 17.6 years |
| 12 kW | $3.51 | $29,471 | $13,201 | 17.3 years |
| 14 kW | $3.44 | $33,681 | $16,103 | 16.9 years |
| 16 kW | $3.37 | $37,690 | $19,206 | 16.6 years |
| 18 kW | $3.29 | $41,499 | $22,508 | 16.2 years |
| 20 kW | $3.22 | $45,108 | $26,012 | 15.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
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 Halls, TN Solar Cost FAQs
How much does it cost to install solar panels in Halls?
This is a tough question to answer exactly, 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Halls?
You can’t get solar panels for free in Halls. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Halls is currently $139,129, which means you could be looking at a value of about $5,704 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Halls is a rewarding investment.
How long do solar panels last in Halls?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.