How Much Does Solar Installation Cost in Memphis, TN
Have you been considering installing solar panels on your home? If so, we’ve got the information that can help make it easier for you.
Take a look at our guide to find out more about solar installation costs and prices in Memphis. Use our free tool to compare prices near you.
Solar Installation Cost Calculator
Homeowners in the area of Memphis can save big on their energy bills by going solar. You’ll see how much money you could potentially free up each year if this is something your home needs, plus tips for making sure it goes smoothly from start to finish. For those considering solar installation in the area, expect to invest $10,017 – $15,405 for smaller homes and up to $21,452 – $55,949 if your home is larger with higher kilowatts requirements.
Solar Efficiency Rates & Cost/kW
Panel Type | *Avg. Cost/kW – per watt | Efficiency | Approx. Life – Expectancy |
---|---|---|---|
Polycrystalline | $0.72-$1.10 | 14%-21% | 25 years |
Monocrystalline | $1.15-$1.52 | 17%-25% | 32 years |
Thin-Film | $1.03-$1.54 | 8%-14% | 16 years |
*National average cost by type and kW |
Cost by Panel Size
Solar Panel Sizes | Avg Solar Cost in Memphis, TN |
---|---|
2 kW | $5,997 |
3 kW | $9,103 |
4 kW | $12,121 |
5 kW | $14,995 |
6 kW | $18,613 |
7 kW | $21,195 |
8 kW | $24,504 |
Solar Installation Within 25 Miles of These Zip Codes: 38002, 38016, 38018, 38028, 38103, 38104, 38105, 38106, 38107, 38108, 38109, 38111, 38112, 38114, 38115, 38116, 38117, 38118, 38119, 38120
How Much Can Solar Save You?
You may be surprised by how much money you can save with solar power. The amount will depend on your home size and other factors but the benefits are worth it.
On average you can typically save upwards of $1,714 on your electricity bill annually.
Pros of Solar Panels
- Energy bills reduce and eliminate
- Reduce your carbon footprint
- Increase property value
- Earn your investment back
- More consistent energy supply
Cons of Solar Panels
- Installation expense
- Not all roofs work
- Night electricity needs
How Solar Works
Passive solar design is the best way to make your home more comfortable, as it harnesses natural resources. Systems are made up primarily of materials with favorable thermal mass or light dispersing properties that store heat from winter nights inside them so that it can be released during warmer days.
The Weather in Memphis Has an Impact on Solar
Memphis is one of the most beautiful cities in Tennessee, with an average of over 200 sunny days throughout the year. Summer days get hot with the highs getting up into the 90s while winters have low temperatures getting down into the 30s on average.
Solar Companies in Memphis
Below is a list of some of the best solar companies in the area. Contact them directly, or request to compare quotes from suppliers near you.
Sunpro Solar
3975 Vantech Dr Suite 7, Memphis, TN 38115
BYOSolar
Memphis, TN
POWERHOME SOLAR
730 Middle Tennessee Blvd Unit 10, Murfreesboro, TN 37129
Learn about the Advantages and Disadvantages of Solar
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