Solar Panels Kentucky Cost

The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

Solar panels kentucky cost.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. Electricity is just so cheap in kentucky right now a solar system for you home isn t a good investment unless the environmental benefits are worth. There are currently 44 solar energy companies operating in kentucky. Average solar panel cost.

The swanson graph below indicates that the cost of solar panel cells has dropped over 95 percent in the last 40 years and strongly suggests these costs will continue to trend further downward. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Return on investment for residential solar power in kentucky. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt.

As of august 2020 the average cost of solar panels per watt in kentucky is 3 68 watt a typical 6000 watt 6 kw solar system is 22 055 before the federal solar credit and 16 321 after claiming the federal solar tax credit. What is the current average solar panel cost in kentucky based on current offers. We use a 6 return to evaluate all solar investments and kentucky s 3 946 npv on a 5 kw solar system means you d be that much better off investing your money in stocks over 25 years than solar. Below you can compare the prices and reputations of solar installers solar panel manufacturers and other solar energy companies servicing kentucky today and learn how to select the best one.

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house. Jacob is a researcher and content writer at energysage where he focuses primarily on current issues and new technology in the solar industry. National data september 2020. With a background in environmental and geological science.

Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. This entry was posted in solar 101 on may 18 2019 by jacob marsh. Solar panel cost data kentucky 2020 updated.

As of sep 2020 the average cost of solar panels in kentucky is 2 34 per watt making a typical 6000 watt 6 kw solar system 10 398 after claiming the 26 federal solar tax credit now available. Compare the best solar energy companies in kentucky in 2020 updated. Acquiring solar panels in kentucky. However it is currently near the bottom in terms of solar capacity installed ranking 44th in the nation with only enough energy to power 4 758 homes solar panel installation prices have fallen making now a good time to go green with solar power in kentucky.