We may be compensated if you purchase through links on our website. Our Reviews Team is committed to delivering honest, objective, and independent reviews on home products and services. More

Best 3 Solar Companies in Memphis, TN

Get matched with a top local pro
Join the 10,601 people who have received a free, no-obligation quote in the last 30 days
  1. Home
  2. Find Local Pros
  3. Solar Near Me
  4. Tennessee
  5. Memphis
  6. Memphis Solar
Written By Max Peterson | Last Updated: February 05, 2024

With Memphis' clear skies and little rainfall, it's a great area for homeowners and businesses aiming to harness the added sunlight. 4,096 homes in the area already use a solar photovoltaic or water heating system. Skilled installers will therefore have the precise experience you need to jump on the solar bandwagon with confidence. Discover Memphis' best solar companies and learn key decision-making strategies on this page.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons

Top Memphis Solar Companies

Phoenix Exteriors Roofing & Solar Logo

Phoenix Exteriors Roofing & Solar

4.5/5
Based on 47 customer reviews.

Services Offered

Commercial Panels Permit Assistance Consultation Skilled Repairs Residential Panels Full-Service

Highlights

  • Reliable customer support
  • Free quotes
  • Clear pricing policy
1661 International Dr Suite 400, Memphis, TN 901-617-4650 phoenixexteriors.com
Sunpro Solar Logo

Sunpro Solar

4.2/5
Based on 26 customer reviews.

Services Offered

Tesla Powerwall Energy Efficiency Audit Commercial Panels Residential Panels Consultation Financing Assistance Battery Storage

Highlights

  • Reliable customer support
  • Clear pricing policy
  • Free quotes
3975 Vantech Dr Suite 7, Memphis, TN 901-979-1085 gosunpro.com

Ranking Methodology

We evaluated a multitude of Memphis solar providers, using the following criteria to select the superior:

Get Your Solar Project Quote Today

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Facts about Memphis
Average Max Temp: 71°F
Solar Payback Period: 12.1 years
Average Daily Sunlight: 58%
Homes Powered by Solar: 4,096
Average Annual Energy Bill: $1,508
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 provides multiple advantages that will enhance your home for years to come.

  • Lowered energy bills: With solar energy systems, you create power without paying the tacked-on costs of grid-connected power. You can eliminate your bills completely if you go off-grid.
  • Reduced carbon footprint: Using clean solar power means you're less dependent on fossil fuels, which emit harmful greenhouse gasses.
  • Better energy independence: Adding a battery backup lets you have trustworthy energy during grid outages and storms.

What Solar Incentives Are Available to Memphis Homeowners?

Tennessee's public agencies and power companies offer a variety of solar incentives to help minimize your solar system costs. Here's a breakdown of applicable 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 Memphis

Choosing a company is the first step toward a well-oiled and valuable solar system. Make your choice based on the following important considerations.

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 the job requires. Even if a project doesn't cross the $25,000 value threshold, you will still need an electrical journeyman or master electrician to handle permit work. You should also visit a company's website to learn about its private certifications. Two of the most recognized are the PV Installation Professional and Solar Heating Installer certificates, awarded 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 Memphis

Your solar modules' type will impact how much power you can generate. Monocrystalline panels cost the most but perform the best. Polycrystalline panels generate less, but they're a great traditional option for low budgets. Thin-film panels are excellent for non-traditional roof shapes and cost the least, but don't work well for large residential installations.

Additional system add-ons, such as battery storage and electric vehicle (EV) chargers, will raise your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar provider includes these additional features, so look for a company that sells them if it's crucial for you.

Generally speaking, it will cost about $17,900 for a five-kilowatt solar array in Memphis. This table lists more specific prices for different solar panel types and system components in your area.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,138
Solar Polycrystalline $888
Thin-Film $519
Solar Battery $728
Solar Home EV Charger $2,732

Financing Solar Energy in Memphis

Choosing the correct financing option will influence your overall solar system cost and potential savings. Common payment options include cash payments, power purchase agreements, leases, and loans. We suggest making a cash payment or using a solar loan for the best 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 reduce 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 enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate determined by the energy you use, like an electric bill. We generally don’t recommend these two options because you won't own the panels and are disqualified from using solar incentives. We advise working with an installer that offers multiple financing options. Talk to each salesperson about what's available, and secure more than one estimate for the best odds of keeping within your spending limits.

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

A 26% federal tax credit applies to new home solar systems purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.

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?

Get matched with a top local pro

Please enter a valid 5-digit zip code!

Frequently Asked Questions About Solar in Memphis

How much money could I save by going solar in Memphis?

On average, Memphis homeowners shell out approximately $1,508 per year on power bills. Once you repay your solar array, you could reduce your costs by $570.54 per kilowatt you produce.

How widespread is solar energy in Memphis?

Yes, solar energy is readily available in Memphis. A growing number of local homes generate or access solar power on-site or through utility grids, and Tennessee has about 4194 jobs making up its solar economy.

Should I expect a property value increase after adopting solar power?

Yes, new solar systems translate to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.

What if I live in a dark or rainy

Even if your property has high tree cover, you could still benefit from solar energy. Your installer will maximize your system's performance by choosing the proper site for panels, installing a battery backup system, positioning them to capture the most sunlight throughout the year, and cleaning them regularly. This way, you can store solar power and use it as necessary.

What upkeep do my solar panels need, and how frequently do they need it?

Solar panels don't need much maintenance to keep working for your home. All you'll need to do is inspect and clean the panels every six months or as necessary in dusty seasons. Solar providers frequently offer maintenance packages to help you in your system's care.

What is the average payback period for Memphis solar panels?

The average payback period for a solar loan in Memphis is 22.0 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What are the signs I shouldn't use a particular solar company for my job?

Even the most renowned Memphis solar companies will have both supportive and unfavorable reviews. To make the most informed choice possible, focus on these indicators to know if a company isn't worth your attention:
  • High-pressure sales tactics
  • Being evasive about cost, warranties, training and credentials and references
  • "One-size-fits-all" approach
  • Rushing through the site assessment
  • Limited online information

What's the difference between a PPA and traditional financing?

The main differences between a PPA and traditional financing are that you pay a fluctuating monthly rate based on your energy usage and don't own your system. Your solar company installs and maintains the panels, and you pay for the generated electricity for 10–25 years. Afterward, you can extend the agreement or purchase the system outright.

You might consider a PPA if you don’t want to be responsible for maintenance and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any solar financial incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.

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

Sources