Solar Panel Cost Guide in Flatwoods, KY (Feb 2023)
- Flatwoods Solar Installation Cost: $15,921
- 25-Year Savings: $28,339
- Payback Period: 9.0 Years
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Top Solar Installers in Flatwoods
When switching to solar energy, many homeowners prefer to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. Some solar installers, especially local ones, can help you better understand incentives in Flatwoods, optimizing your ROI.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Flatwoods
Factors that Affect Solar Panel Costs in Flatwoods
For many Flatwoods homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Flatwoods, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,340 per kilowatt in Flatwoods. The model of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Flatwoods to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. While solar loans make going solar more accessible for Flatwoods homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Flatwoods 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||$2.43||$10,221||$17,112||9.3 years|
|8 kW||$2.39||$13,366||$23,079||9.2 years|
|10 kW||$2.34||$16,380||$29,176||9.0 years|
|12 kW||$2.29||$19,263||$35,404||8.8 years|
|14 kW||$2.25||$22,015||$41,764||8.6 years|
|16 kW||$2.20||$24,636||$48,254||8.4 years|
|18 kW||$2.15||$27,125||$54,876||8.3 years|
|20 kW||$2.11||$29,484||$61,628||8.1 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 find the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: If you're worried about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which installer you should opt for, since different companies have access to different panels.
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Flatwoods, KY Solar Cost FAQs
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.