Cost of Solar in Knoxville
Solar panels are more affordable than ever. Find out what works for your Knoxville home!
Going solar in the Knoxville area has become more affordable over time.
Great news for Knoxville homeowners—going solar in your area has become more affordable than ever! However, the pricing of your custom solar systems can vary depending on your home’s unique energy needs and your energy goals.
Calculating Your Solar Panel Cost
Still, you can roughly estimate your solar investment by taking a look at your past monthly electric bills. You should be able to determine how much wattage is required to heat and cool your home and power its appliances, and how much you spend on that wattage each month. We’ll develop a custom solar system that also produces wattage for your home, setting you up to potentially lessen your reliance on the power grid.4 The number of solar panels required to meet your energy goals plus installation fees amounts to your overall cost of going solar.
Your Knoxville Solar Panel Installation Cost Includes The Following:
Step
1
Installation Equipment
In order to install your solar panel system, your installation team will need to bring your solar panels, inverters, battery, wiring, conduit, mounting racks and mounting hardware.
Step
2
A Custom-Designed Solar System
When you contract with Pink Energy, we design a solar system tailor-made for your home. We’ll also file all state and local permits required prior to installation.
Step
3
All Installation Day Procedures
This covers careful installation, an efficacy test of your new system and property clean-up after installation.
Cost of Solar FAQs
How much do solar panels cost in Knoxville?
It depends on the number of panels required for your home’s unique needs as well as your home’s location. Pink Energy calculates the cost based on dollars per watt. Keep in mind that installation costs will factor into how much a solar panel system will be as well.
Do solar panels increase home value in Knoxville?
Potentially! According to this 2018 Zillow study, homes with solar panels installed may sell by up to 4.1% more than homes without. Buyers appreciate energy-efficient homes powered by renewable energy sources!
Are solar panels a good investment in Knoxville?
Solar panels are an excellent investment. Given their longevity (about 25 years), solar panels can potentially save you thousands of dollars off your electric bills over time.
How much is the federal tax credit for solar panels?
The federal solar tax credit is 26% of your total solar investment through the end of 2022. This percentage goes down to 22% through the end of 2023 and is unavailable for residential solar systems after that. Tax credits are subject to change and eligibility for federal tax credits depends on your individual and financial circumstances, so we recommend you always consult with your accountant or tax advisor to determine your eligibility.⁵
