Cost & Savings Breakdown
Based on $150/month electric bill in Franklin
System Size
8 kW
Annual Production
11,231 kWh
Gross System Cost
$22,837
Federal Tax Credit (30%)
-$6,851
State Incentive
None
Net Cost
$15,986
Monthly Savings
$122
CO₂ Offset/yr
10,332 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityNashville Electric
Net Metering PolicyAvoided Cost
Compensation RateAvoided cost rate
Capacity Limit10 kW residential limit
Electricity Rate$0.130/kWh
Peak Sun Hours4.8 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
Common Questions
How much does solar cost in Franklin?
Solar in Franklin, Tennessee costs approximately $22,837 for a 8 kW system. After the 30% federal tax credit, your net cost is about $15,986.
What is the solar payback period in Franklin?
The estimated payback period for solar in Franklin is 10.9 years, based on a $150/month electric bill and local sun hours of 4.8 hrs/day.
Does Nashville Electric offer net metering?
Nashville Electric offers Avoided Cost net metering. Avoided cost rate.