Solar Energy in Tennessee
There is room for improvement when it comes to solar power in Tennessee. There is very little in the way of state-based or utility-based incentives for installing solar. Also, there is no renewable portfolio standard, which is often what pushes utilities to create rebates for customers.
The bright side is that Tennessee receives more sunlight than many other areas of the US, so a solar system here will produce more than a system would with less sunlight. Tennessee residents can also take advantage of the 26% federal tax credit.
Tennessee Solar Power Facts
$2.68 watt
Average cost: 5kW solar power system.
Average Payback time
On average it takes 7 Years 11 Months to pay back the system.
Average Lifetime Savings
On average, solar power can save you $59,687 over your lifetime.
5¢ kWh
This is the levelized cost of solar energy.
24¢ kWh
This is the levelized cost of energy without solar panels.
14,545 kWh
Annual power production of home solar panels.
Ready to get Started?
Take a FREE 30-second survey to find out if you qualify for solar panels.
Questions? Comments? Concerns? Contact us today!
How much do solar panels cost in Tennessee?
Before 26% solar tax credit
Before 26% solar tax credit
Ave 15 year term, 2.5% price escalator
What are the pros and cons of installing solar panels in Tennessee?
The advantage of installing solar panels in Tennessee is the state’s abundant sunshine, so a solar system here will produce more electricity than in other parts of the country.
The disadvantage of installing solar panels in Tennessee is that there are almost no state or utility-based incentives. Also, there is no state-mandated net metering policy, so you are not guaranteed to be compensated if your solar system produces excess energy.
However, the federal tax credit still creates the opportunity for great savings.