Solar Panel Cost Guide in Spurgeon, TN (2024 Update)

  • Spurgeon Solar Installation Cost: $20,536
  • 25-Year Savings: $18,563
  • Payback Period: 15.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Spurgeon

See how much it might cost to make the switch to solar in Spurgeon.

The average cost of solar panels in Spurgeon is 4 per watt.To account for the typical energy needs of the average home in Spurgeon, most homeowners require a 8.2-kilowatt system. Using the figure above, a solar installation costs around $20,536, or $29,366 before the federal solar tax credit of 0 is applied.

Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in Spurgeon can save about $15,000 on their power bills over 20 years.

Click the button below to get connected to a top solar company in Spurgeon for a custom estimate.

Solar savings over time in Spurgeon

Year Return on Investment
1 years $-19,176
3 years $-16,456
5 years $-13,735
7 years $-11,015
9 years $-8,295
11 years $-5,574
13 years $-2,854
15 years $-133
17 years $2,587
19 years $5,307
21 years $8,028
23 years $10,748
25 years $13,468

Top Solar Installers in Spurgeon

Although it's possible to install solar panels yourself, it takes extra energy and expertise. For that reason, the majority of homeowners choose a solar panel installer. Some solar companies, especially local ones, can help you better understand incentives in Spurgeon, thereby optimizing your ROI.

You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Spurgeon

Factors that Affect Solar Panel Costs in Spurgeon

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Spurgeon: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down 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. However, more efficient panels could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Spurgeon average.

Solar Financing Terms

Most solar installers in Spurgeon offer solar loans, which reduce the initial cost of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Spurgeon is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

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 $8,412 16.3 years
8 kW $3.65 $20,449 $11,617 15.9 years
10 kW $3.58 $25,060 $15,022 15.6 years
12 kW $3.51 $29,471 $18,628 15.3 years
14 kW $3.44 $33,681 $22,435 15.0 years
16 kW $3.37 $37,690 $26,442 14.7 years
18 kW $3.29 $41,499 $30,649 14.4 years
20 kW $3.22 $45,108 $35,057 14.1 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
  • Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
3.2

  • 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 Spurgeon, TN Solar Cost FAQs

What is the average cost of installing solar panels in Spurgeon?

This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

What other factors should I consider in addition to cost when buying solar panels?

Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places 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.

How will installing solar panels impact my property value?

Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

What solar power system size is right for my home?

To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

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