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Given a solar panel system size of 5 kilowatts kw an average solar installation in tennessee il ranges in cost from 13 005 to 17 595 with the average gross price for solar in tennessee il coming in at 15 300.
Cost of solar panels in tn. As of sep 2020 the average cost of solar panels in tennessee is 2 49 per watt making a typical 6000 watt 6 kw solar system 11 038 after claiming the 26 federal solar tax credit now available. With labor and other factors solar panel installation costs a total of 2 50 to 3 50 per watt. As of sep 2020 the average cost of solar panels in clarksville is 2 42 per watt making a typical 6000 watt 6 kw solar system 10 755 after claiming the 26 federal solar tax credit now available. A 5 kw solar system can cost about 20 000.
With prices still falling for solar panels a 5 kw system will be something a shade over 16 000 for an outright purchase. Although tennessee lacks strong solar policy and implementation there are still resources for potential solar buyers to save money. Solar panel cost in tennessee the average cost for an installed residential solar system in tennessee is currently 11 038 after claiming the 26 federal solar tax credit. Tennessee offers incentives that can help lower the price by up to 8 000.
Not a small sum it s true. Solar panel cost data tennessee 2020 updated. A typical 6kw system costs 11 544 after claiming the 26 solar tax credit. That s how big your loan will need to be to cover it.
Buying a 5 kw solar system a tennessee case study. The average cost of installed residential solar power systems is currently 2 60 per watt. This is 2 49 per watt. You ll pay anywhere from 0 70 to 1 50 per watt to purchase a solar panel.
We haven t included things like the federal itc. Each one has its own pros and cons from price to efficiency. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. That ll make a big difference to all you taxpayers out there.
Not to worry though. Here s how the numbers pencil out for a tennessee solar purchase with a loan.
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