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Solar Installers Market: ZIP 38116

Opportunity Score

49 / 100 Fair

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 38116 is an urban area with moderate foot traffic. with a population of 41,393 and household incomes below the national median ($44,663). There are 5 solar installers operations in ZIP 38116.

Area Profile

41,393

Population

$44,663

Median Income

-40% vs. national

Urban

Area Type

11.7/20

Foot Traffic

Walkable

Median Age: 34.2 — mixed-age market, broad menu appeal.

College-Educated: 13.2% — value-focused market, keep prices competitive.

Competition

Solar Installers and related businesses in ZIP 38116.

Solar Installers

Low competition — room to establish

1.2 per 10K residents

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,280

2BR Fair Market Rent

$1,035

Median Gross Rent

$130 K

Median Home Value

Bank Branches

$590 K deposits

Tips for Starting a Solar Business in Tennessee

The federal Investment Tax Credit (ITC) is the single biggest factor in your customers' buying decisions. Know the current rate and expiration timeline cold.
Become a certified installer for at least two major panel manufacturers. Certification unlocks better wholesale pricing and warranty terms.
Permitting and interconnection timelines vary wildly by utility. In some territories it takes 2 weeks. In others, 6 months. Map this before you set customer expectations.
Roof condition kills more solar deals than price objections. Partner with a roofer or learn to assess roof life remaining.
Median income sits at $44,663. Price sensitivity is real. Build your model around volume or keep overhead minimal.