Cost & Savings Breakdown
Based on $150/month electric bill in Knoxville
System Size
9.4 kW
Annual Production
12,586 kWh
Gross System Cost
$26,705
Federal Tax Credit (30%)
-$8,012
State Incentive
None
Net Cost
$18,694
Monthly Savings
$122
CO₂ Offset/yr
11,579 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityKnoxville Utilities
Net Metering PolicyAvoided Cost
Compensation RateAvoided cost rate
Capacity Limit10 kW residential limit
Electricity Rate$0.116/kWh
Peak Sun Hours4.6 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 Knoxville?
Solar in Knoxville, Tennessee costs approximately $26,705 for a 9.4 kW system. After the 30% federal tax credit, your net cost is about $18,694.
What is the solar payback period in Knoxville?
The estimated payback period for solar in Knoxville is 12.8 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does Knoxville Utilities offer net metering?
Knoxville Utilities offers Avoided Cost net metering. Avoided cost rate.