Solar Panel Cost Guide in Jackson, TN (2024 Update)
- Jackson Solar Installation Cost: $19,481
- 25-Year Savings: $7,600
- Payback Period: 23.0 Years
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Average Cost of Solar Panels in Jackson
We break down average solar pricing in Jackson.
While the national average of solar panels is $2.66 per watt, solar panels in Jackson generally cost about 4.The average Jackson homeowner needs a 7.8-kilowatt system, which would cost about $19,481 with the federal tax credit, or $27,858 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Jackson homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $11,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Jackson that can help you get a more accurate cost estimate for your home.
Solar savings over time in Jackson
| Year | Return on Investment |
|---|---|
| 1 years | $-17,919 |
| 3 years | $-14,795 |
| 5 years | $-11,670 |
| 7 years | $-8,546 |
| 9 years | $-5,422 |
| 11 years | $-2,298 |
| 13 years | $826 |
| 15 years | $3,950 |
| 17 years | $7,074 |
| 19 years | $10,199 |
| 21 years | $13,323 |
| 23 years | $16,447 |
| 25 years | $19,571 |
Top Solar Installers in Jackson
When switching to solar energy, many homeowners opt to hire a solar installer since DIY solar panel installation can be a difficult project. The expertise that solar installers provide can be helpful as well, especially if you don’t quite know what kind of solar equipment would be right for your home.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Jackson
Factors that Affect Solar Panel Costs in Jackson
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Jackson, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,580 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Jackson, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.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 APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Jackson is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that offer a range of services at different price points.Larger national companies generally 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 additional 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 | $687 | 23.9 years |
| 8 kW | $3.65 | $20,449 | $1,316 | 23.5 years |
| 10 kW | $3.58 | $25,060 | $2,147 | 23.0 years |
| 12 kW | $3.51 | $29,471 | $3,178 | 22.6 years |
| 14 kW | $3.44 | $33,681 | $4,409 | 22.1 years |
| 16 kW | $3.37 | $37,690 | $5,841 | 21.6 years |
| 18 kW | $3.29 | $41,499 | $7,473 | 21.2 years |
| 20 kW | $3.22 | $45,108 | $9,306 | 20.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- 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.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When going solar, it’s necessary to keep 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.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Jackson, TN Solar Cost FAQs
How much does it cost to install solar panels in Jackson?
The average cost of solar panels in Jackson 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from 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 reasons 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Jackson?
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 amount 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.