Benefits of Solar Energy
Solar energy provides multiple advantages. Here are some highlights.
- Reduced carbon footprint: Using solar is a surefire way to reduce your carbon footprint and home fossil fuel dependency.
- Better energy independence: Adding a battery storage system lets you have dependable energy during grid outages and storms.
- Lower energy bills: Generating some or all of your own power will cut power costs long-term.
What Solar Incentives Are Available to Hendersonville Homeowners?
Tennessee agencies and electric companies offer a variety of solar incentives to help cut your solar system costs. Below is a breakdown of eligible solar programs where you live.
Incentive Type: Property Tax Incentive
Depends upon sector
Incentive Type: Personal Tax CreditWebsite: ecowatch.com
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 Hendersonville
Choosing a company is the first step toward an effective and valuable solar energy system. Consider all of these factors in your business search.
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'll need a master electrician or electrical journeyman to pull permits. Solar companies can also pursue accreditations from trade groups and standards organizations. The most prestigious 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 Hendersonville
Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.
If you'd like to charge an electric car or use your solar power in dark weather, you can pay extra for add-ons. By choosing the right components, you can make your panel array more productive and convenient to use. Not every solar contractor provides these add-ons, so look for a provider that sells them if it's crucial for you.
If you're a resident of Hendersonville and want a five-kilowatt solar energy system, you could plan to spend about $17,900 for parts and installation. See more information on specific component and panel costs in the table.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Hendersonville
Solar installers offer multiple different financing options to lower your costs and increase your savings. Though some providers offer unique payment plans, the most common are cash payments, power purchase agreements (PPAs), solar leases and solar loans. Most solar experts recommend paying cash or using a solar loan. Cash payments demand a large up-front sum, but they save you from paying interest, grant you system ownership, and qualify you for cost-saving incentives. Solar loans have the same benefits, though you'll pay more in total due to interest and fees. Like an auto or home loan, you'll pay a set monthly rate with potentially $0 down. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) enables you to pay a monthly rate based only on the energy you use, as with an electric bill. We usually don’t recommend these two choices because you won't own the system and are disqualified from using solar incentives. We recommend working with a provider that offers multiple financing options. Talk to each representative about what's available, and get more than one estimate for the best odds of staying within your budget.
The table below lists the average payback periods for different capacities of solar systems in Hendersonville.
The IRS allows you to claim a 26% federal tax credit on the full cost of the solar system, 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
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Frequently Asked Questions About Solar in Hendersonville
How much energy and money could I save per year by switching to solar?
Is solar energy easily accessible in Hendersonville?
Will a solar PV system boost my Hendersonville home worth?
What can I do to calculate my home's solar viability?
How long does a typical solar system last?
Is installing solar panels a quick job?
What are the signs I shouldn't use a particular solar company for my job?
- High-pressure sales tactics
- Dodging questions about references, credentials and training, cost and warranties
- "One-size-fits-all" approach
- Not thoroughly inspecting your site
- More mixed or negative reviews than positive ones
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