Solar Panel Cost Guide in Campbellsville, KY (2023 Update)
- Campbellsville Solar Installation Cost: $15,668
- 25-Year Savings: $22,982
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Campbellsville
We go over average solar pricing in Campbellsville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Campbellsville, the typical cost of a solar system is 2.34 per watt. The average solar panel system size in Campbellsville is around 9.6 kilowatts, meaning a cost of about $15,676 for a solar installation, or $22,417 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more. But, after you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $15,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer 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 | $-15,539 |
| 3 years | $-15,281 |
| 5 years | $-15,023 |
| 7 years | $-14,766 |
| 9 years | $-14,508 |
| 11 years | $-14,250 |
| 13 years | $-13,993 |
| 15 years | $-13,735 |
| 17 years | $-13,478 |
| 19 years | $-13,220 |
| 21 years | $-12,962 |
| 23 years | $-12,705 |
| 25 years | $-12,447 |
Top Solar Installers in Campbellsville
When switching to solar energy, many homeowners opt to hire a solar installation company since installing solar panels yourself can be a difficult project. Another advantage of using a solar company is that they can help you make the most of your investment by lowering your future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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
For many Campbellsville homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Campbellsville, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,340. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Campbellsville offer solar loans, which reduce your upfront costs of installing solar. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Campbellsville, and each can charge varying amounts for labor and equipment. Larger national companies generally 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 car 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
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- 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 considerable role in the company you go with.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: If you're concerned about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
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
What is the average cost of installing solar panels in Campbellsville?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $11,700 for a 5-kW system and $23,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Campbellsville?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Campbellsville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.