Solar Panel Cost Guide in La Vergne, TN (2024 Update)
- La Vergne Solar Installation Cost: $20,010
- 25-Year Savings: $8,021
- Payback Period: 22.8 Years
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Average Cost of Solar Panels in La Vergne
Let’s have a look at the average cost of solar panels in La Vergne.
The national average cost of solar panels is $2.66 per watt, but in La Vergne it’s 4 per watt.The average solar panel system size in La Vergne is around 8.0 kilowatts, meaning a cost of about $20,010 for a solar installation, or $28,614 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in La Vergne depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.With average savings of about $11,000 on power bills over 20 years, many homeowners in La Vergne find investing in solar can pay off big.
To get a free quote from a top solar company in La Vergne, you can click the button below.
Solar savings over time in La Vergne
Year | Return on Investment |
---|---|
1 years | $-18,529 |
3 years | $-15,566 |
5 years | $-12,603 |
7 years | $-9,641 |
9 years | $-6,678 |
11 years | $-3,715 |
13 years | $-752 |
15 years | $2,211 |
17 years | $5,174 |
19 years | $8,136 |
21 years | $11,099 |
23 years | $14,062 |
25 years | $17,025 |
Top Solar Installers in La Vergne
Although you can install solar panels on your own, it requires extra labor and handiness. For that reason, most people choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for you.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in La Vergne
Factors that Affect Solar Panel Costs in La Vergne
For many La Vergne homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in La Vergne, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in La Vergne, 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 consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $3,580 for each additional kilowatt you need.The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in La Vergne to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect how much you pay. La Vergne’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $847 | 23.7 years |
8 kW | $3.65 | $20,449 | $1,531 | 23.3 years |
10 kW | $3.58 | $25,060 | $2,415 | 22.8 years |
12 kW | $3.51 | $29,471 | $3,499 | 22.3 years |
14 kW | $3.44 | $33,681 | $4,784 | 21.9 years |
16 kW | $3.37 | $37,690 | $6,269 | 21.4 years |
18 kW | $3.29 | $41,499 | $7,955 | 21.0 years |
20 kW | $3.22 | $45,108 | $9,841 | 20.5 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. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
EcoWatch's La Vergne, TN Solar Cost FAQs
How much does it cost to install solar panels in La Vergne?
The average cost of solar panels in La Vergne 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in La Vergne?
A solar panel system isn’t free in La Vergne, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in La Vergne?
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.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.