Is Solar Worth It in Memphis, TN?
A data-driven analysis based on Memphis's electricity rates, sun exposure, and available incentives.
Yes, Solar Is Worth It in Memphis
With a 9.2-year payback and 280% ROI, solar is an excellent investment in Memphis.
9.2 years
Payback Period
$43,108
25-Year Savings
280%
Return on Investment
$15,400
Net System Cost
$140
Monthly Savings
$1,680
Annual Savings
8 kW
System Size
$880
Home Value Boost
Why Solar Works in Memphis
- +Estimated $880 increase in home value
- +30% federal tax credit reduces upfront cost significantly
- +Protection against future electricity rate increases (avg 3%/year)
Considerations
- -Lower electricity rates (12.5¢/kWh) mean smaller immediate savings
- -No net metering policy — excess energy has limited value
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