Unfortunately the kentucky legislature is currently squandering the state s considerable solar power potential.
Solar panels kentucky.
The kentucky solar energy society s mission is to promote the use of renewable energy energy efficiency and conservation in kentucky through education advocacy networking and demonstration of practical applications.
Without any solar incentives in place aside from the tva generation partners program cost after year 1 remain higher than most other states and the payback time frame.
Solar panel cost data kentucky 2020 updated.
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Energy independence means a brighter cleaner future.
Energy costs in kentucky are about 3 5 cents per kilowatt hour less than the national average largely because of the state s vast coal reserves.
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.
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The consensus on kentucky solar power rebates and incentives.
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Federal solar tax credit.
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This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt.
Kentucky does not have a renewable portfolio standard requiring local utilities to meet a certain renewable energy percentage by a specified date.
Kentucky solar power incentives tax breaks and rebates.
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Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage.
If you re lucky enough to enjoy the low utility fees prevalent in kentucky you can save even more money while saving the planet by taking advantage of some of the financial incentives for solar power available to state residents.
Therefore the main incentives for solar power in kentucky are the 500 tax credit and a favorable net metering policy.
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The most significant incentive to install solar panels for homes and businesses in kentucky is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.
The city of kentucky has an ideal geographical location for the installation of efficient solar systems since it can capture much of the solar energy that is why we strongly recommend the use of solar energy as an alternative source of supply for homes businesses and industries that have a high expenditure in the consumption of electrical energy.