Solar Savings Calculator for Nashville, TN
Homeowners in Nashville pay an average of $148/month for electricity through Nashville Electric Service (NES). With 4.5 peak sun hours per day, solar panels can significantly reduce your energy costs.
$148
Avg Monthly Bill
13.2¢/kWh
Electricity Rate
4.5h/day
Peak Sun Hours
$45,681
Est. 25-Year Savings
Calculate Your Savings in Nashville
Adjust Your Details for Nashville, 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
$1,776
Payback Period
9.1 years
25-Year Savings
$45,681
Return on Investment
283%
* Estimates based on 4.5 peak sun hours/day in Nashville, 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 Nashville
Utility & Permits
- Utility Company
- Nashville Electric Service (NES)
- Permit Cost
- $350
- Permit Timeline
- 2-4 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 Nashville, 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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