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Home to the TVA (Tennessee Valley Authority), the nation’s largest electric power supplier, the state of Tennessee has some of the best incentives for adopting renewables like solar energy including renewable energy generation payments at premium rates and contract periods of at least 10 years. Businesses that install clean energy technologies such as photovoltaic (PV) solar systems in the state of Tennessee are eligible for sales tax exemptions on qualifying purchases. As a result of the solar-friendly utility policies, large-scale solar panel farms are springing up across the state including a 5MW (megawatt) solar farm on some 200 acres. Tennessee is also home to the manufacturing facility of the Nissan Leaf, one of America’s best selling EVs, as well as the plant which manufacturers the batteries for the all-electric car.
State of Tennessee Solar Installation Incentive Programs, Utility Rebates, Utility Loans, and Utility Incentives
The biggest solar incentive for Tennessee residents is offered through the TVA. Under their program, residents that participate in the TVA Green Power Switch Generation Partners program can receive a one-time $1,000 dollar incentive for installing solar in addition to receiving $0.12/kWh above the base rate for solar power generated from photovoltaics (PV). The system must be at least 0.5kW and can be no larger than 50kW (see TVA - Generation Partners Program).
Tennessee Loan Programs For Solar
Solar Energy USA of Tennessee is proud to offer a variety of solar energy products including PV solar panels for electricity generation, solar thermal systems for hot water, solar attic fans, energy efficient T5 lighting, and electric vehicle (EV) charging stations. Our goal is to educate Tennessee communities on both the environmental and personal benefits of adopting solar energy. We have low-interest solar financing programs available for Tennessee homeowners and businesses.
Contact us today and let us show you how easy it is to incorporate affordable solar solutions into your home or business in Tennessee.