Solar Panel Cost Guide in Carrollton, KY (2024 Update)
- Carrollton Solar Installation Cost: $24,615
- 25-Year Savings: $23,787
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Carrollton
See how much it might cost to install solar panels in Carrollton.
The national average cost of solar panels is $2.66 per watt, but in Carrollton it’s 4 per watt.Since a 9.6-kW system is needed to cover the energy consumption of a typical home in Carrollton, the average price of going solar will be about $24,615 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Carrollton homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a solid investment. The average homeowner in Carrollton can save around $16,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Carrollton
| Year | Return on Investment |
|---|---|
| 1 years | $-23,236 |
| 3 years | $-20,479 |
| 5 years | $-17,721 |
| 7 years | $-14,963 |
| 9 years | $-12,205 |
| 11 years | $-9,447 |
| 13 years | $-6,690 |
| 15 years | $-3,932 |
| 17 years | $-1,174 |
| 19 years | $1,584 |
| 21 years | $4,341 |
| 23 years | $7,099 |
| 25 years | $9,857 |
Top Solar Installers in Carrollton
Putting up solar panels yourself can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you take advantage of incentives in Carrollton, optimizing your ROI.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers in Carrollton:
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 Carrollton
Factors that Affect Solar Panel Costs in Carrollton
The cost of installing a solar system in Carrollton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are a lot of different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Additionally, 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 companies in Carrollton have solar loans, which reduce your upfront costs of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Carrollton, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Carrollton have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $8,699 | 16.2 years |
| 8 kW | $3.72 | $20,849 | $12,007 | 15.9 years |
| 10 kW | $3.65 | $25,550 | $15,520 | 15.6 years |
| 12 kW | $3.58 | $30,047 | $19,237 | 15.2 years |
| 14 kW | $3.50 | $34,339 | $23,158 | 14.9 years |
| 16 kW | $3.43 | $38,427 | $27,284 | 14.6 years |
| 18 kW | $3.36 | $42,311 | $31,614 | 14.3 years |
| 20 kW | $3.29 | $45,990 | $36,149 | 14.0 years |
How to Save on Solar Panels
There are many companies available in Carrollton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: If you’re concerned about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Carrollton, KY Solar Cost FAQs
How much does it cost to install solar panels in Carrollton?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Carrollton?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside 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 going solar worth it?
Solar panels can be a beneficial investment for many 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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.