Solar Panel Cost Guide in Tellico Village, TN (2024 Update)
- Tellico Village Solar Installation Cost: $19,710
- 25-Year Savings: $13,671
- Payback Period: 18.0 Years
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Average Cost of Solar Panels in Tellico Village
Find out what the average cost of a solar system is in Tellico Village.
While the national average of solar panels is $2.66 per watt, solar panels in Tellico Village typically cost about 4.The average solar panel system size in Tellico Village is around 7.9 kilowatts, meaning a cost of about $19,710 for a solar installation, or $28,185 before the 0 federal solar tax credit 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 consumption, the type of solar system you choose, your solar contractor and more.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Tellico Village find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Tellico Village
| Year | Return on Investment |
|---|---|
| 1 years | $-18,096 |
| 3 years | $-14,868 |
| 5 years | $-11,640 |
| 7 years | $-8,413 |
| 9 years | $-5,185 |
| 11 years | $-1,957 |
| 13 years | $1,271 |
| 15 years | $4,499 |
| 17 years | $7,727 |
| 19 years | $10,955 |
| 21 years | $14,183 |
| 23 years | $17,411 |
| 25 years | $20,639 |
Top Solar Installers in Tellico Village
When switching to solar energy, many homeowners choose to use a solar company since putting up solar panels yourself can be a time-consuming project. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers 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 Tellico Village
Factors that Affect Solar Panel Costs in Tellico Village
There are a number of criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $3,580 per kilowatt in Tellico Village.There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Tellico Village to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.Even though solar loans make switching to solar energy more accessible for Tellico Village homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Tellico Village, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger 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 | $5,250 | 18.7 years |
| 8 kW | $3.65 | $20,449 | $7,400 | 18.4 years |
| 10 kW | $3.58 | $25,060 | $9,752 | 18.0 years |
| 12 kW | $3.51 | $29,471 | $12,303 | 17.6 years |
| 14 kW | $3.44 | $33,681 | $15,056 | 17.3 years |
| 16 kW | $3.37 | $37,690 | $18,008 | 16.9 years |
| 18 kW | $3.29 | $41,499 | $21,162 | 16.6 years |
| 20 kW | $3.22 | $45,108 | $24,515 | 16.2 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Tellico Village, TN Solar Cost FAQs
How much does it cost to install solar panels in Tellico Village?
The average cost of solar panels in Tellico Village 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tellico Village is currently $383,702, so you can look forward to a value of about $15,732 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tellico Village is a rewarding investment.
How long do solar panels last in Tellico Village?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.