Benefits of Solar Energy
Solar energy offers several advantages that will enhance your home for years to come.
- Reduced carbon footprint: Using clean solar power lowers your dependence on conventional, less environmentally-friendly sources.
- Better energy independence: Adding a solar battery storage system lets you have trustworthy energy during grid outages and storms.
- Smaller power bills: Generating some or all of your own energy will spend less on electricity long-term. Plus, some states offer net metering programs that allow you to sell your unused energy back to the grid, generating extra credits toward your energy bill.
What Solar Incentives Are Available to Clarksville Homeowners?
Governments and utilities often reward homeowners for going solar. Here are some of the tax credits, rebates, or other programs you could qualify for.
Incentive Type: Property Tax Incentive
Incentive Amount:
Depends upon sector
Incentive Type: Personal Tax Credit
Website: ecowatch.comIncentive Amount:
30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.
How To Choose the Best Solar Company in Clarksville
The purchase price and effectiveness of solar panels often hinge on which company installed them. Here are some important factors to consider while searching for a solar specialist.
Licensing and Training
Tennessee requires any solar energy project valued at $25,000 or higher to be overseen by a licensed "prime contractor." The prime contractor is responsible for hiring licensed subcontractors as required. Even if a project doesn't cross the $25,000 value threshold, you will still need a master electrician or electrical journeyman to pull permits. Solar providers can also earn accreditations from trade groups and standards organizations. The most recognized ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.
Cost of Solar Panels in Clarksville
The type of solar panels you purchase determines how much electricity you can produce. Monocrystalline panels and high-quality and cost more but give you the best performance. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't meant for large home installations, but they're excellent for small projects like sheds and RVs.
If you need to charge an electric car or use your solar power in dark weather, you can pay extra for add-ons. By selecting the right components, you can make your panel array more efficient and user-friendly. Not every solar contractor provides these additional features, so look for a company that installs them if it's crucial for you.
You can plan to spend about $17,900 on average for a five-kilowatt solar energy system in Clarksville. Check the table in this section to get an idea of what amount Clarksville solar companies might quote for your specific solar system's price.
| Solar Panel Cost | Average Cost |
|---|---|
| Solar Monocrystalline | $1,196 |
| Solar Polycrystalline | $933 |
| Thin-Film | $546 |
| Solar Battery | $766 |
| Solar Home EV Charger | $2,871 |
Financing Solar Energy in Clarksville
There are a plethora of ways to pay for a solar energy system, and the right one will lower your costs. A few of the most common options include leases, power purchase agreements (PPAs), loans, and cash payments. Though it requires a large up-front payment, cash is the most economical choice because it doesn't accrue interest and qualifies you for incentives. Solar loans are the next best option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for money-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to use your panels for a set monthly rate, while PPAs let you pay only for the energy you use, akin to an electric bill. Both options disqualify you for solar incentives and don't grant you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We suggest working with a contractor that offers multiple financing options. Speak with each representative about what's available, and acquire more than one estimate for the best odds of keeping within your financial plan.
The table below lists the average payback periods for different capacities of solar systems in Clarksville.
You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Municipal and state governments and utility companies might also offer discounts, rebates, and specialized financing options that could save you more.
| Solar System Capacity | Estimated Payback period |
|---|---|
| 1 kW | 2.4 years |
| 2 kW | 4.8 years |
| 5 kW | 12.1 years |
| 10 kW | 24.1 years |
Ready to Get a Quote on Your Solar Project?
Please enter a valid 5-digit zip code!
Frequently Asked Questions About Solar in Clarksville
How much money could I save by going solar in Clarksville?
How common is solar energy in Clarksville?
Should I expect a boost in my property value after installing solar panels?
What can I do to assess my home's solar viability?
How do I care for my new solar system?
What is the average payback period for Clarksville solar panels?
What's the difference between a PPA and a solar lease?
If you choose a lease, you'll make fixed payments each month.
With both leases and PPAs, you do not own your panels and lose eligibility for some incentives. Further, you'll have to "buy out" or transfer the contract if you sell your home during the term.
What's the difference between a PPA and traditional financing?
In contrast, solar loans can come from specialty lenders, local banks, the government and installer. You'll need to pass a credit check to qualify for most of them. While the upfront costs are more expensive, and you'll be responsible for maintenance, you'll also have complete ownership and can apply for many more financial rewards.
To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.
