Calculate how much it will cost to install solar panels for your home in Nashville
Our estimates used by
Solar power in Nashville, Tennessee
Nashville residents can reduce the upfront costs of solar installations by taking advantage of the federal tax credit. In 2020, the tax credit is equal to 26% of the costs associated with installing a solar system.
The tax credit, plus abundant sinshine in Nashville, creates a recipe for great savings on solar panels in Tennessee!
The average cost of installing residential solar panels in Nashville,
Tennessee in 2024 is
$2.56 per watt. The average system size
in the US is 6 kilowatts, which means the average price of a solar system
in Nashville, TN
is $12,800.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in Tennessee is only 1278kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Nashville solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our Tennessee solar savings calculator can do this because it contains a database of the electric rates charged by
How much can solar panels save you in Nashville
What does the cost of a real solar system look like?
Facts about installing a 11.35kW solar system in Nashville, TN
This system would offset 100% of your energy usage if your typical monthly bill is $160, however your situation may vary so try our Nashville solar calculator to get a result tailored to you.
$16,843
Net cost of system
7 Years 6 Months
Average payback time
14,545 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
24¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 11.35kW system
Life-time savings on this system over the next 25 years
$61,087
(Prices shown after repayments of capital)
3
Solar companies in Nashville, TN that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Nashville
| System Size |
Cash purchase After 30% solar tax credit |
Financed purchase After 30% solar tax credit |
|---|---|---|
| 3kw | $6,090 | $6,577 |
| 4kw | $7,812 | $8,437 |
| 5kw | $9,380 | $10,130 |
| 6kw | $10,752 | $11,612 |
| 7kw | $12,005 | $12,965 |
| 8kw | $13,104 | $14,152 |
| 9kw | $14,049 | $15,173 |
| 10kw | $14,840 | $16,027 |
Find out what system size you need for your home
Going solar in Tennessee
Check out all of the ways energy providers of Tennessee can help you be more energy efficient and save money.
The following programs are available:
| Incentive Name | Eligibility | Type |
|---|---|---|
| Residential Clean Energy Tax Credit | Federal | Personal Tax Credit |
| Green Energy Property Tax Assessment | State | Property Tax Incentive |
Find your local rebates and incentives
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.