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As of March 2023, the average solar panel cost in Mount Juliet, TN is $3.12/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Mount Juliet, TN ranges in cost from $13,260 to $17,940, with the average gross price for solar in Mount Juliet, TN coming in at $15,600. After accounting for the 30% federal investment tax credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.
Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.
| System Size | System Cost | System Cost (after ITC) |
|---|---|---|
| 3 kW | $9,360 | $6,926 |
| 4 kW | $12,480 | $9,235 |
| 5 kW | $15,600 | $11,544 |
| 6 kW | $18,720 | $13,853 |
| 7 kW | $21,840 | $16,162 |
| 8 kW | $24,960 | $18,470 |
| 9 kW | $28,080 | $20,779 |
| 10 kW | $31,200 | $23,088 |
2023 average solar panel cost graph in Mount Juliet, TN
for a 5kW system
Yes, solar is worth it in Mount Juliet, TN! In fact, solar panels are worth it in most areas, though certain factors – including the cost of electricity, available incentives, the climate, and sun angle – will all impact how quickly you break even on your investment relative to other areas. Over 20 years you can expect to save $19,377 by installing an average-sized solar system (assuming you pay upfront with cash). If you choose to finance your system with a $0-down loan, you can start saving on day one in Mount Juliet, TN (though your long term savings will be less). To learn more, check out our articles about why solar is worth it and how much you can save by going solar.
If you are looking for solar companies in TN, here are some popular suggestions:
Manchester, TN
Old Hickory, TN
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Nashville, TN
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The price you pay for solar depends on many factors:
The bigger your solar panel system, the pricier it will be. Importantly, the average per-unit price for solar decreases with increasing system size.
Like any product or appliance, solar panels come in varying quality which can be highly dependent on brand.
The type of panel you install (typically monocrystalline, polycrystalline, or thin-film) directly impacts the overall quality of your installation. Higher quality = higher prices.
The cost of a solar panel installation doesn’t just come from equipment. Your solar installer will also charge for the difficulty of the installation, meaning if you have a complex roof your system may cost more.
Solar companies all charge different labor rates for their work. You may opt to pay more for a more reputable company with better reviews and a shorter time period until installation.
While it’s not a large factor, paying for permits and your interconnection fee to the grid will add a little to the top of your total solar installation price.