Solar Panel Cost Guide in Glasgow, KY (2023 Update)
- Glasgow Solar Installation Cost: $15,413
- 25-Year Savings: $25,365
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Glasgow
Let's take a look at the average cost of solar panels in Glasgow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Glasgow, the average cost of solar panels is 2.34 per watt. To cover the typical energy usage of the average home in Glasgow, most homeowners require a 9.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,414, or $22,042 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Glasgow homeowners. The price 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. Many homeowners find adopting solar power is a sound investment. The average homeowner in Glasgow can save around $16,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Glasgow that can help you get a more accurate cost estimate for your home.
Solar savings over time in Glasgow
| Year | Return on Investment |
|---|---|
| 1 years | $-13,896 |
| 3 years | $-10,863 |
| 5 years | $-7,830 |
| 7 years | $-4,796 |
| 9 years | $-1,763 |
| 11 years | $1,270 |
| 13 years | $4,303 |
| 15 years | $7,337 |
| 17 years | $10,370 |
| 19 years | $13,403 |
| 21 years | $16,436 |
| 23 years | $19,470 |
| 25 years | $22,503 |
Top Solar Installers in Glasgow
Many homeowners decide to use a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. Plus, if you're not certain what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
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
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 Glasgow
Factors that Affect Solar Panel Costs in Glasgow
There are many criteria that can influence your 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Glasgow homeowners decide to finance their solar panel systems to make paying for solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their larger 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 | $15,780 | 9.8 years |
| 8 kW | $2.39 | $13,366 | $21,303 | 9.6 years |
| 10 kW | $2.34 | $16,380 | $26,956 | 9.4 years |
| 12 kW | $2.29 | $19,263 | $32,740 | 9.3 years |
| 14 kW | $2.25 | $22,015 | $38,656 | 9.1 years |
| 16 kW | $2.20 | $24,636 | $44,702 | 8.9 years |
| 18 kW | $2.15 | $27,125 | $50,880 | 8.7 years |
| 20 kW | $2.11 | $29,484 | $57,188 | 8.5 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:
- Warranty: If you're worried about the durability of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
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 Glasgow, KY Solar Cost FAQs
What is the average cost of installing solar panels in Glasgow?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $11,700 for a 5-kW system and $23,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Glasgow?
Solar panels aren't free in Glasgow, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Glasgow is currently $128,300, so you can expect a value of about $5,260 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Glasgow is a fruitful investment.
How long do solar panels last in Glasgow?
On average, the lifespan of solar panels is 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.