Cost of solar in Nashville, TN

Electricity Consumption in Nashville

Electricity Consumption by Tennessee residents averages 1278 kWh per month. It ranks #45 in the nation for savings from installing solar panels on the home.

Find local city information


Solar power in Nashville, Tennessee

Nashville Electric Service (NES) unfortunately doesn’t have a net metering program. However, NES offers its customers the opportunity to take advantage of the Tennessee Valley Authority’s (TVA) Green Power Providers program. When customers install a solar energy system that is less than 10 kilowatts in size, TVA will pay $0.09 for every kilowatt hour of energy that the system generates. In return, TVA will retain the rights to all renewable energy credits created by the system. This means extra money in your pocket, just from your solar system producing energy! However, this program closes on December 31, 2019, so the sooner you install solar, the better! 

Nashville residents can reduce the upfront costs of solar installations by taking advantage of the 30% federal tax credit. The tax credit is equal to 30% of the costs associated with installing a solar system. This, plus the Green Power Providers program, creates a recipe for great savings on solar panels in Tennessee! 

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Nashville to find out:

 

Estimate your solar savings

 

Solar power in Tennessee

The average cost of installing residential solar panels in Nashville, Tennessee in 2019 is $3.56 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 $17,800. (before claiming 30% tax credit and other rebates)

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.

$24,788

Net cost of system
Cash - after 30% solar tax credit

10 Years 4 Months

Average payback time

14,545
kWh

Annual power production


/kWh

levilized cost of solar energy

24¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 11.35kW system

Life-time savings on this system over the next 25 years

$49,542

(Prices shown after repayments of capital)

 


 

Solar companies in Nashville, TN that provide pricing through the Solar-Estimate marketplace

3

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Tennessee

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,190 $8,845
4kw $10,612 $11,461
5kw $12,880 $13,910
6kw $14,952 $16,148
7kw $16,905 $18,257
8kw $18,704 $20,200
9kw $20,349 $21,977
10kw $21,840 $23,587

 

Design your own solar panel system 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 Renewable Energy Tax Credit Federal Personal Tax Credit
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.