Solar Panel Cost Guide in Crittenden, KY (2023 Update)
- Crittenden Solar Installation Cost: $15,839
- 25-Year Savings: $20,855
- Payback Period: 10.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Crittenden
Find out what the average cost of solar panel installation is in Crittenden.
The average cost of solar panels in Crittenden is 2.34 per watt. Using this figure, a typical 9.7-kW system would cost about $15,839 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what solar installer you go with. With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Crittenden find going solar can pay off big.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Crittenden
| Year | Return on Investment |
|---|---|
| 1 years | $-14,372 |
| 3 years | $-11,436 |
| 5 years | $-8,501 |
| 7 years | $-5,565 |
| 9 years | $-2,629 |
| 11 years | $306 |
| 13 years | $3,242 |
| 15 years | $6,177 |
| 17 years | $9,113 |
| 19 years | $12,048 |
| 21 years | $14,984 |
| 23 years | $17,919 |
| 25 years | $20,855 |
Top Solar Installers in Crittenden
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. Because of that, most people choose a solar panel installer. Another upside of using a solar installer is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our suggestions for providers in Crittenden:
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 Crittenden
Factors that Affect Solar Panel Costs in Crittenden
There are several criteria that can play into 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
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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. The brand and kind of equipment you want 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 have a higher price tag 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 greater 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
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $12,545 | 11.2 years |
| 8 kW | $2.39 | $13,366 | $16,988 | 11.0 years |
| 10 kW | $2.34 | $16,380 | $21,563 | 10.8 years |
| 12 kW | $2.29 | $19,263 | $26,269 | 10.6 years |
| 14 kW | $2.25 | $22,015 | $31,105 | 10.4 years |
| 16 kW | $2.20 | $24,636 | $36,073 | 10.1 years |
| 18 kW | $2.15 | $27,125 | $41,172 | 9.9 years |
| 20 kW | $2.11 | $29,484 | $46,402 | 9.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: If you're concerned about the longevity of your solar panels, checking if your installer 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 Crittenden, KY Solar Cost FAQs
How much does it cost to install solar panels in Crittenden?
The average cost of solar panels in Crittenden is about $11,700 for a 5-kW system and $23,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Crittenden?
You can't get solar panels for free in Crittenden. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $758.86 per year.
How long do solar panels last in Crittenden?
On average, solar panels can last 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 higher 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.