Cost & Savings Breakdown
Based on $150/month electric bill in Memphis
System Size
8.8 kW
Annual Production
12,269 kWh
Gross System Cost
$24,947
Federal Tax Credit (30%)
-$7,484
State Incentive
None
Net Cost
$17,463
Monthly Savings
$122
CO₂ Offset/yr
11,287 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityMLGW
Net Metering PolicyAvoided Cost
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.119/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 Memphis?
Solar in Memphis, Tennessee costs approximately $24,947 for a 8.8 kW system. After the 30% federal tax credit, your net cost is about $17,463.
What is the solar payback period in Memphis?
The estimated payback period for solar in Memphis is 12 years, based on a $150/month electric bill and local sun hours of 4.8 hrs/day.
Does MLGW offer net metering?
MLGW offers Avoided Cost net metering. Check with your utility for current compensation rates..