Solar Panel Cost Guide in Crestwood, KY (2025 Update)
- Crestwood Solar Installation Cost: $24,639
- 25-Year Savings: $24,029
- Payback Period: 15.5 Years
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Average Cost of Solar Panels in Crestwood
Find out what the average cost of installing solar panels is in Crestwood.
In Crestwood, solar panels cost about 4 per watt on average.The average Crestwood homeowner needs a 9.6-kilowatt system, which would cost about $24,639 with the federal tax credit, or $35,234 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs will most likely vary based on the amount of energy your home requires and what company you choose to go with.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Crestwood
Year | Return on Investment |
---|---|
1 years | $-23,260 |
3 years | $-20,502 |
5 years | $-17,745 |
7 years | $-14,987 |
9 years | $-12,229 |
11 years | $-9,471 |
13 years | $-6,714 |
15 years | $-3,956 |
17 years | $-1,198 |
19 years | $1,560 |
21 years | $4,317 |
23 years | $7,075 |
25 years | $9,833 |
Top Solar Installers in Crestwood
Many homeowners decide to hire a solar installer since trying to put up solar panels yourself can be challenging. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Crestwood
Factors that Affect Solar Panel Costs in Crestwood
For many Crestwood homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Crestwood, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,650. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Crestwood average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Crestwood, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Crestwood, and each can charge varying amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $8,835 | 16.1 years |
8 kW | $3.72 | $20,849 | $12,188 | 15.8 years |
10 kW | $3.65 | $25,550 | $15,747 | 15.5 years |
12 kW | $3.58 | $30,047 | $19,509 | 15.2 years |
14 kW | $3.50 | $34,339 | $23,476 | 14.8 years |
16 kW | $3.43 | $38,427 | $27,647 | 14.5 years |
18 kW | $3.36 | $42,311 | $32,023 | 14.2 years |
20 kW | $3.29 | $45,990 | $36,603 | 13.9 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- 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 you can expect about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Crestwood, KY Solar Cost FAQs
What is the average cost of installing solar panels in Crestwood?
This is a tough question to answer precisely, 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Crestwood?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Crestwood?
Although 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 their energy production will have decreased significantly after that point. You can choose 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.