Solar Panel Cost Guide in Hendersonville, TN (2024 Update)
- Hendersonville Solar Installation Cost: $20,150
- 25-Year Savings: $10,923
- Payback Period: 20.2 Years
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Average Cost of Solar Panels in Hendersonville
Let’s have a look at the average cost of solar panels in Hendersonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hendersonville, the average cost of solar panels is 4 per watt.The average Hendersonville homeowner needs a 8.0-kilowatt system, which would cost about $20,150 with the federal tax credit, or $28,814 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more.With typical savings of about $12,000 on energy bills over 20 years, many homeowners in Hendersonville find going solar can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Hendersonville for a quote for your home.
Solar savings over time in Hendersonville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,518 |
| 3 years | $-15,254 |
| 5 years | $-11,989 |
| 7 years | $-8,725 |
| 9 years | $-5,461 |
| 11 years | $-2,197 |
| 13 years | $1,067 |
| 15 years | $4,331 |
| 17 years | $7,595 |
| 19 years | $10,859 |
| 21 years | $14,123 |
| 23 years | $17,387 |
| 25 years | $20,652 |
Top Solar Installers in Hendersonville
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your swap to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you're searching for a solar company in Hendersonville, we've put together a list of our top suggestions here:
See all of the solar companies in Hendersonville
Factors that Affect Solar Panel Costs in Hendersonville
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,580 per kilowatt in Hendersonville.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Hendersonville offer solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Hendersonville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $2,971 | 21.0 years |
| 8 kW | $3.65 | $20,449 | $4,363 | 20.6 years |
| 10 kW | $3.58 | $25,060 | $5,955 | 20.2 years |
| 12 kW | $3.51 | $29,471 | $7,747 | 19.8 years |
| 14 kW | $3.44 | $33,681 | $9,740 | 19.4 years |
| 16 kW | $3.37 | $37,690 | $11,933 | 19.0 years |
| 18 kW | $3.29 | $41,499 | $14,327 | 18.6 years |
| 20 kW | $3.22 | $45,108 | $16,922 | 18.2 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Hendersonville, 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:
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 past customers.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- 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.
EcoWatch's Hendersonville, TN Solar Cost FAQs
What is the average cost of installing solar panels in Hendersonville?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Hendersonville?
You can’t get solar panels for free in Hendersonville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $620.30 per year.
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 how much 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 buy 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.