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Best 5 Solar Companies in Franklin, TN

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Written By Max Peterson | Last Updated: February 05, 2024

Franklin homeowners are fortunate to live in plentiful sunlight, both to appreciate and harness as energy. With all the options to choose from in this vibrant community, you might feel burnt out searching for a good provider. In this article, we'll highlight Franklin's best solar providers and offer tips for your company choice, so you can find the ideal one for your residence.

Top Franklin Solar Companies

LightWave Solar, LLC Logo

LightWave Solar

4.5/5
Based on 57 customer reviews.

Services Offered

Maintenance Consultation Commercial Panels Residential Panels Battery Storage Permit Assistance

Highlights

  • Informative resources
  • Free quotes
  • Reliable customer support
3026 Owen Dr Suite 104, Antioch, TN 615-641-4050 lightwavesolar.com
Cashville Solar Solutions Logo

Cashville Solar Solutions

4.7/5
Based on 51 customer reviews.

Services Offered

Commercial Panels Off-Grid Solar Systems Residential Panels Consultation Skilled Repairs Maintenance

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Informative resources
217 2nd Ave N, Nashville, TN 615-709-5492 solar-nashville.com
ReNew Solar Solutions Logo

ReNew Solar Solutions

4.7/5
Based on 40 customer reviews.

Services Offered

Permit Assistance Residential Panels Consultation Commercial Panels

Highlights

  • Clear pricing policy
  • Informative resources
  • Reliable customer support
230 Great Circle Rd Suite 232, Nashville, TN 615-617-6470 renewsolarsolutions.com
MCH Nashville, LLC Logo

MCH Nashville

4.5/5
Based on 30 customer reviews.

Services Offered

Skilled Repairs Residential Panels Solar Panel Upgrades Maintenance Commercial Panels Cleaning

Highlights

  • Prompt service delivery
  • Free quotes
  • Clear pricing policy
4113 Old Hickory Blvd, Old Hickory, TN 615-669-0743 mchnashville.com

More Local Solar Companies

Green Wave Solar

User Reviews: 4.7/5 

107 Hillsboro Blvd
Manchester, TN 37355

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

We assessed a multitude of Franklin solar providers, using the following criteria to select the superior:

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Facts about Franklin
Average Max Temp: 67°F
Solar Payback Period: 12.1 years
Average Daily Sunlight: 56%
Homes Powered by Solar: 537
Average Annual Energy Bill: $1,444
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy comes with multiple benefits. Here are some highlights.

  • Reduced energy costs: Sourcing some or all of your own power will spend less on electricity long-term.
  • Better energy independence: Adding a battery backup lets you have dependable energy during grid outages and storms.
  • Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.

What Solar Incentives Are Available to Franklin Homeowners?

Tennessee's public agencies and power companies offer a range of solar incentives to help offset your solar system costs. Here's a breakdown of available solar programs where you live.

Incentive Type: Property Tax Incentive

Incentive Amount:

Depends upon sector

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive 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 Franklin

The cost and efficiency of solar panels often rely on which company installed them. Here are some essential aspects to remember while searching for a solar company.

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 an electrical journeyman or master electrician to pull permits. You should also visit a company's website to learn about its private certifications. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, granted by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Franklin

The type of solar panels you purchase dictates how much electricity you can produce. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can maximize your solar system's performance. Not all solar companies offer these optional components, so look for a provider that installs them if it's important for you.

Most Franklin homeowners opt for solar systems rated for five kilowatts (kW) of electrical capacity. These systems cost about $17,900 to install, considering both materials and labor. You can see more specific cost information in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,143
Solar Polycrystalline $891
Thin-Film $521
Solar Battery $731
Solar Home EV Charger $2,742

Financing Solar Energy in Franklin

Solar companies use multiple different financing options to increase your savings and lower your costs. Though some providers offer unique payment plans, the most common are solar loans, cash payments, solar leases and power purchase agreements (PPAs). We suggest making a cash payment or securing a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also own your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still benefiting from energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases let you use your panels for a fixed monthly rate, while PPAs let you pay just for the energy you use, much like an electric bill. Both options disqualify you for solar incentives and do not provide you system ownership. Solar experts generally don't recommend them, but they might be suitable in some cases. We recommend working with an installer that offers multiple financing options. Speak with each consultant about what's available, and get more than one estimate for the best odds of keeping within your budget.

The table below lists the average payback periods for different capacities of solar systems in Franklin.

The IRS allows you to claim a 26% federal tax credit on your new solar panels, so long as you purchase it before 2032. Local governments and utilities might also offer their own incentives, rebates, and financing programs that could save you more money.

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

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Frequently Asked Questions About Solar in Franklin

How much energy and money could I save per year by switching to solar?

On average, Franklin homeowners spend approximately $1,444 per year on electric bills. Once you pay off your solar array, you could save $502.40 for every kilowatt you produce.

Is solar energy widely available in Franklin?

Yes, solar energy is on the rise in Franklin. Some homes already generate solar power on-site or through utility grids, and they're backed by a state solar economy with 4194 workers and counting.

Should I anticipate a property value increase after going solar?

Yes, solar panels will raise your property value. According to the National Renewable Energy Laboratory (NREL), for every dollar you reduce on energy bills, your home value rises by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

How many years does a typical solar system last?

Modern solar systems are built for longevity. The average unit is good for 25 years of service. Lower-cost panels tend to last shorter than premium models.

What size should my new Franklin solar system be?

A typical Franklin solar home uses a 7.9-kW panel array, but you might need a bigger system if your energy needs are more demanding. Solar professionals will consider your property's power usage and roof shading to determine the right system for you.

How long does it take to pay back a solar loan in Franklin?

The average payback period for a solar loan in Franklin is 24.9 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How can I enhance my solar system's performance?

To enhance your solar system's performance, you can try the following strategies:
  • optimize the panels' position with your solar installer
  • regularly clean your solar panels
  • upgrade to a more efficient inverter trim or cut down trees in the way of your panels
  • use energy-efficient appliances

What is "net metering," and how does it work?

Net metering is a billing mechanism that credits solar homeowners for any excess electricity they generate and return to the grid.

Some states or energy providers oblige you to participate in net metering when purchasing your solar system, while others give you a choice. Either way, once you join, you'll get a bill credit or check for your excess generation at a retail or wholesale rate.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

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