Solar Panel Cost Guide in Harriman, TN (2024 Update)
- Harriman Solar Installation Cost: $19,953
- 25-Year Savings: $14,151
- Payback Period: 17.8 Years
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Average Cost of Solar Panels in Harriman
Let’s take a look at the average cost of solar panels in Harriman.
The national average cost of solar panels is $2.66 per watt, but in Harriman it’s 4 per watt.To cover the typical energy usage of the average home in Harriman, most homeowners require a 8.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $19,953, or $28,533 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and the cost of going solar for you will most likely vary based on your specific situation and what company you want to go with.Many homeowners find installing solar panels is a solid investment. The average homeowner in Harriman can save about $14,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Harriman
| Year | Return on Investment |
|---|---|
| 1 years | $-18,339 |
| 3 years | $-15,112 |
| 5 years | $-11,884 |
| 7 years | $-8,656 |
| 9 years | $-5,428 |
| 11 years | $-2,200 |
| 13 years | $1,028 |
| 15 years | $4,256 |
| 17 years | $7,484 |
| 19 years | $10,712 |
| 21 years | $13,940 |
| 23 years | $17,168 |
| 25 years | $20,395 |
Top Solar Installers in Harriman
When switching to solar energy, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a challenging project. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're searching for a solar company in Harriman, the EcoWatch team has compiled a list of our top suggestions here:
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 Harriman
Factors that Affect Solar Panel Costs in Harriman
Though the average cost of a solar system in Harriman is $19,953, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel system you need, 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 around $3,580. The solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Harriman average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Harriman homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Harriman is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies typically have lower costs, but some local companies compete with them by promoting 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 vehicle 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 | $5,484 | 18.5 years |
| 8 kW | $3.65 | $20,449 | $7,713 | 18.2 years |
| 10 kW | $3.58 | $25,060 | $10,142 | 17.8 years |
| 12 kW | $3.51 | $29,471 | $12,772 | 17.4 years |
| 14 kW | $3.44 | $33,681 | $15,602 | 17.1 years |
| 16 kW | $3.37 | $37,690 | $18,633 | 16.7 years |
| 18 kW | $3.29 | $41,499 | $21,865 | 16.4 years |
| 20 kW | $3.22 | $45,108 | $25,296 | 16.0 years |
How to Save on Solar Panels
There are many companies to choose from in Harriman, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- 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.
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 Harriman, TN Solar Cost FAQs
How much does it cost to install solar panels in Harriman?
The average cost of solar panels in Harriman 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Harriman?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Harriman?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 get between 20 and 35 panels to account for 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.