Benefits of Solar Energy
Solar energy offers multiple perks. Here are some highlights.
- Lowered energy bills: You can dodge the premium cost of grid-tied power by creating some electricity at home.
- Better energy independence: Photovoltaic systems with battery backups work through blackouts and emergencies, and you won't have to rely on the electrical grid for your safety and well-being.
- 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 Murfreesboro Homeowners?
Tennessee homeowners who decide on solar could qualify for tax credits, rebates, reimbursements and special financing. Here are just a few of the region's incentive offerings.
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 Murfreesboro
The more informed your company investigation is, the better your photovoltaic system will ultimately work. Here are some key items to keep in mind while searching for a solar installer.
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 project demands. Even if a project doesn't cross the $25,000 value threshold, you'll need a master electrician or electrical journeyman to pull permits. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), one of the solar sector's most respected trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.
Cost of Solar Panels in Murfreesboro
Your photovoltaic panels' type will impact how much power you can generate. Monocrystalline panels perform the best but cost the most. Polycrystalline panels offer you a budget panel with a traditional design, but at the cost of less power generation. Thin-film panels have a low cost and are excellent for non-traditional roofs, but aren't recommended for large home installations.
Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will increase your overall costs. However, they might make your solar system more efficient and convenient to use. Not every solar contractor includes these optional components, so look for a company that sells them if it's essential for you.
You can expect to pay about $17,900 on average for a five-kilowatt solar energy system in Murfreesboro. Use the table in this section to get an idea of how much Murfreesboro solar companies might quote for your specific system.
|Solar Panel Cost
|Solar Home EV Charger
Financing Solar Energy in Murfreesboro
Choosing the ideal financing solution will influence your overall solar system cost and potential savings. Common payment options include loans, cash payments, power purchase agreements, and leases. Most solar experts recommend paying cash or using a solar loan. Cash payments require a large up-front sum, but they help you avoid 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 a home or car loan, you'll pay a set monthly rate with potentially $0 down. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a variable rate based on only the energy you use. We generally don't recommend these options since you will not have ownership of your system and are disqualified from solar incentives, but they might be suitable in particular circumstances. Ask each business you're evaluating about the payment plans it offers. A consultant can help you determine the optimal option for your financial situation.
The table below lists the average payback periods for different capacities of solar systems in Murfreesboro.
You can claim a 26% federal tax credit from the IRS for new residential solar systems purchased before 2032. Additionally, utilities and local governments may have their own financing plans and rebates that could reduce your total cost even more.
|Solar System Capacity
|Estimated Payback period
Ready to Get a Quote on Your Solar Project?
Frequently Asked Questions About Solar in Murfreesboro
How much money could I save by going solar in Murfreesboro?
How widespread is solar energy in Murfreesboro?
Will solar panels raise my Murfreesboro home price?
What can I do to calculate my home's solar viability?
How many years will a common solar system last?
How long does the solar installation process require?
How can I maximize my solar system's performance?
- 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
To share feedback or ask a question about this article, send a note to our Reviews Team at firstname.lastname@example.org.