Solar Panel Cost Guide in Campbellsville, KY (Mar 2023)
- Campbellsville Solar Installation Cost: $15,676
- 25-Year Savings: $22,974
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Campbellsville
Find out what the average cost of a solar system is in Campbellsville.
While the national average of solar panels is $2.66 per watt, solar panels in Campbellsville generally cost about 2.34. Because a 9.6-kW system is needed to cover the energy usage of a typical home in Campbellsville, the average price of going solar will be about $15,676 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Campbellsville homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Campbellsville see about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Campbellsville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Campbellsville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,130 |
| 3 years | $-11,038 |
| 5 years | $-7,946 |
| 7 years | $-4,854 |
| 9 years | $-1,762 |
| 11 years | $1,330 |
| 13 years | $4,422 |
| 15 years | $7,514 |
| 17 years | $10,606 |
| 19 years | $13,698 |
| 21 years | $16,790 |
| 23 years | $19,882 |
| 25 years | $22,974 |
Top Solar Installers in Campbellsville
When going solar, many homeowners prefer to use a solar company since putting up a solar system yourself can be a time-consuming project. The payback period on a solar system will vary based on factors like your roof configuration and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
If you're looking for a solar installer in Campbellsville, we've organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Campbellsville
Factors that Affect Solar Panel Costs in Campbellsville
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,340. There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Campbellsville, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.43 | $10,221 | $14,023 | 10.5 years |
| 8 kW | $2.39 | $13,366 | $18,959 | 10.3 years |
| 10 kW | $2.34 | $16,380 | $24,027 | 10.1 years |
| 12 kW | $2.29 | $19,263 | $29,225 | 9.9 years |
| 14 kW | $2.25 | $22,015 | $34,555 | 9.7 years |
| 16 kW | $2.20 | $24,636 | $40,015 | 9.5 years |
| 18 kW | $2.15 | $27,125 | $45,607 | 9.3 years |
| 20 kW | $2.11 | $29,484 | $51,330 | 9.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Campbellsville, KY Solar Cost FAQs
How much does it cost to install solar panels in Campbellsville?
The average cost of solar panels in Campbellsville is about $11,700 for a 5-kW system and $23,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Campbellsville?
Solar panels aren't free in Campbellsville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Campbellsville?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.