Solar Panel Cost Guide in Seymour, TN (2024 Update)
- Seymour Solar Installation Cost: $20,255
- 25-Year Savings: $10,816
- Payback Period: 20.3 Years
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Average Cost of Solar Panels in Seymour
We break down average solar pricing in Seymour.
The national average cost of solar panels is $2.66 per watt, but in Seymour it’s 4 per watt.Since a 8.1-kW system is needed to cover the energy costs of a typical home in Seymour, the average price of going solar will be about $20,255 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Seymour homeowner. 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.Many homeowners find installing a solar system is a solid investment. The average homeowner in Seymour can save around $12,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Seymour
| Year | Return on Investment |
|---|---|
| 1 years | $-18,736 |
| 3 years | $-15,697 |
| 5 years | $-12,659 |
| 7 years | $-9,621 |
| 9 years | $-6,582 |
| 11 years | $-3,544 |
| 13 years | $-505 |
| 15 years | $2,533 |
| 17 years | $5,572 |
| 19 years | $8,610 |
| 21 years | $11,649 |
| 23 years | $14,687 |
| 25 years | $17,726 |
Top Solar Installers in Seymour
Installing solar panels yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Seymour
Factors that Affect Solar Panel Costs in Seymour
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Seymour: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,580 per kilowatt in Seymour.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, 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 Seymour average.
Solar Financing Terms
Most solar companies in Seymour provide solar loans, which reduce the initial cost of installing solar panels.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Seymour, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fits within your budget.
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 | $2,849 | 21.1 years |
| 8 kW | $3.65 | $20,449 | $4,200 | 20.7 years |
| 10 kW | $3.58 | $25,060 | $5,751 | 20.3 years |
| 12 kW | $3.51 | $29,471 | $7,503 | 19.9 years |
| 14 kW | $3.44 | $33,681 | $9,455 | 19.5 years |
| 16 kW | $3.37 | $37,690 | $11,608 | 19.1 years |
| 18 kW | $3.29 | $41,499 | $13,961 | 18.7 years |
| 20 kW | $3.22 | $45,108 | $16,515 | 18.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company stands out from other companies by offering 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 Seymour, TN Solar Cost FAQs
How much does it cost to install solar panels in Seymour?
The average cost of solar panels in Seymour is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Seymour?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $616.23 per year.
How long do solar panels last in Seymour?
On average, the lifespan of solar panels is 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.