Solar Savings Calculator for Chattanooga, TN
Homeowners in Chattanooga pay an average of $145/month for electricity through EPB (Electric Power Board). With 4.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$145
Avg Monthly Bill
13¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$44,427
Est. 25-Year Savings
Calculate Your Savings in Chattanooga
Adjust Your Details for Chattanooga, TN
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8.4 kW
Panel Count
21 panels
Total System Cost
$23,100
Federal Tax Credit (30%)
-$6,930
Net Cost
$16,170
Annual Savings
$1,740
Payback Period
9.3 years
25-Year Savings
$44,427
Return on Investment
275%
* Estimates based on 4.5 peak sun hours/day in Chattanooga, TN, system cost of $2.75/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Chattanooga
Utility & Permits
- Utility Company
- EPB (Electric Power Board)
- Permit Cost
- $300
- Permit Timeline
- 2-3 weeks
- Net Metering
- none
System Estimates
- Recommended Size
- 8.4 kW
- Panel Count
- 21 panels
- Gross Cost
- $23,100
- Net Cost (after credits)
- $16,170
Available Incentives for Chattanooga, TN
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
Other Cities in Tennessee
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