Solar Panel Cost Guide in Fort Wright, KY (2025 Update)
- Fort Wright Solar Installation Cost: $24,758
- 25-Year Savings: $19,600
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Fort Wright
Find out what the average cost of a solar system is in Fort Wright.
The national average cost of solar panels is $2.66 per watt, but in Fort Wright it’s 4 per watt.To account for the typical energy usage of the average home in Fort Wright, most homeowners require a 9.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $24,758, or $35,404 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Fort Wright homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar is worth paying. On average Fort Wright homeowners see about $14,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Fort Wright that can help you get a more accurate cost estimate for your home.
Solar savings over time in Fort Wright
| Year | Return on Investment |
|---|---|
| 1 years | $-23,563 |
| 3 years | $-21,174 |
| 5 years | $-18,785 |
| 7 years | $-16,395 |
| 9 years | $-14,006 |
| 11 years | $-11,617 |
| 13 years | $-9,227 |
| 15 years | $-6,838 |
| 17 years | $-4,449 |
| 19 years | $-2,060 |
| 21 years | $330 |
| 23 years | $2,719 |
| 25 years | $5,108 |
Top Solar Installers in Fort Wright
Although you can install solar panels on your own, it involves extra time and knowledge. Because of that, almost all homeowners choose a solar panel installer. The expertise that solar installers offer can be useful as well, particularly if you aren’t sure what type of solar equipment you need.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Fort Wright
Factors that Affect Solar Panel Costs in Fort Wright
There are several criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar energy system in Fort Wright, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Fort Wright is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Fort Wright have more knowledge about local solar incentives and can help you learn about 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 end up saving you 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 | $6,021 | 18.1 years |
| 8 kW | $3.72 | $20,849 | $8,437 | 17.8 years |
| 10 kW | $3.65 | $25,550 | $11,057 | 17.4 years |
| 12 kW | $3.58 | $30,047 | $13,882 | 17.1 years |
| 14 kW | $3.50 | $34,339 | $16,911 | 16.8 years |
| 16 kW | $3.43 | $38,427 | $20,145 | 16.4 years |
| 18 kW | $3.36 | $42,311 | $23,583 | 16.1 years |
| 20 kW | $3.29 | $45,990 | $27,225 | 15.7 years |
How to Save on Solar Panels
There are many companies to choose from in Fort Wright, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read through your solar installer’s contract well 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
EcoWatch's Fort Wright, KY Solar Cost FAQs
How much does it cost to install solar panels in Fort Wright?
The average cost of solar panels in Fort Wright is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Fort Wright?
Leasing solar panels can be an attractive choice, as it commonly 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Does Fort Wright have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.