Solar Panel Costs Near Memphis, TN (38116)
Opportunity Score
45
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 38116 is an urban area. 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
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.
5
Solar Installers
Low competition — room to establish
1.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,035
Median Gross Rent
$130 K
Median Home Value
10
Bank Branches
$590 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Solar Installers
- 5
- Bank Branches
- 10
vs. National Average
Median Income
-40% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits