Solar Savings Calculator for Tennessee

Tennessee homeowners pay an average of $145/month for electricity at 13¢/kWh. With 4.5 peak sun hours per day, solar can dramatically cut your energy costs.

$145
Avg Monthly Bill
13¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$44,427
Est. 25-Year Savings

Calculate Your Savings in Tennessee

Adjust Your Details for Tennessee

$
$50$1,000
50010,000
5¢50¢

Your Estimated Solar Savings

System Size
8.4 kW
Panel Count
21 panels
Total System Cost
$23,100
Federal Tax Credit (30%)
-$6,930
Net Cost
$16,170
Annual Savings
$1,740
Payback Period
9.3 years
25-Year Savings
$44,427
Return on Investment
275%

* Estimates based on 4.5 peak sun hours/day in Tennessee, system cost of $2.75/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Tennessee

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Cities in Tennessee

Select your city for a more precise estimate with local electricity rates and utility information.

Nashville

13.2¢/kWh · 4.5h sun/day

Avg bill: $148/mo · Nashville Electric Service (NES)

Memphis

12.5¢/kWh · 4.7h sun/day

Avg bill: $140/mo · Memphis Light, Gas and Water (MLGW)

Knoxville

13¢/kWh · 4.4h sun/day

Avg bill: $142/mo · Knoxville Utilities Board (KUB)

Chattanooga

13¢/kWh · 4.5h sun/day

Avg bill: $145/mo · EPB (Electric Power Board)

Clarksville

13.2¢/kWh · 4.5h sun/day

Avg bill: $145/mo · CDE Lightband

Murfreesboro

13.2¢/kWh · 4.5h sun/day

Avg bill: $148/mo · Middle Tennessee Electric

Franklin

13.5¢/kWh · 4.5h sun/day

Avg bill: $158/mo · Middle Tennessee Electric

More Solar Resources for Tennessee

Tennessee Solar IncentivesTax credits, rebates, and SRECsTennessee Cost ComparisonSolar vs. grid costs over 25 yearsTennessee System SizingHow many panels your home needsTennessee Permits & RegulationsLocal permit requirements and HOA rulesIs Solar Worth It in Tennessee?Data-driven analysis for your stateTennessee Financing OptionsCompare loans, leases, and PPAs

Go Solar in Tennessee

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