Solar Panel Cost Guide in Campbellsville, KY (2024 Update)
- Campbellsville Solar Installation Cost: $24,439
- 25-Year Savings: $22,982
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Campbellsville
Find out how much it might cost to switch to solar power in Campbellsville.
The average cost of solar panels in Campbellsville is 4 per watt.The average Campbellsville homeowner needs a 9.6-kilowatt system, which would cost about $24,439 with the federal tax credit, or $34,948 before the 0 tax credit is applied.
How much you pay can be above or below the average in Campbellsville based on a few factors, such as the type of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Campbellsville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,060 |
| 3 years | $-20,302 |
| 5 years | $-17,544 |
| 7 years | $-14,787 |
| 9 years | $-12,029 |
| 11 years | $-9,271 |
| 13 years | $-6,513 |
| 15 years | $-3,756 |
| 17 years | $-998 |
| 19 years | $1,760 |
| 21 years | $4,518 |
| 23 years | $7,276 |
| 25 years | $10,033 |
Top Solar Installers in Campbellsville
Although it's possible to install solar panels by yourself, it requires extra labor and know-how. That's one of the reasons most people choose to go with a solar panel installer. In addition, if you’d like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 factors that can affect your 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
When it comes to estimating the price of a solar panel system in Campbellsville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Campbellsville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.80 | $15,943 | $8,301 | 16.4 years |
| 8 kW | $3.72 | $20,849 | $11,477 | 16.1 years |
| 10 kW | $3.65 | $25,550 | $14,857 | 15.8 years |
| 12 kW | $3.58 | $30,047 | $18,441 | 15.5 years |
| 14 kW | $3.50 | $34,339 | $22,230 | 15.2 years |
| 16 kW | $3.43 | $38,427 | $26,224 | 14.9 years |
| 18 kW | $3.36 | $42,311 | $30,422 | 14.5 years |
| 20 kW | $3.29 | $45,990 | $34,824 | 14.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Campbellsville?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Campbellsville?
Solar panels can be a beneficial investment for lots 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 power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.