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

$
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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.

30% of system cost

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