Solar Panel Cost Guide in Grayson, KY (2025 Update)
- Grayson Solar Installation Cost: $24,710
- 25-Year Savings: $28,253
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Grayson
We break down average solar pricing in Grayson.
In Grayson, solar panels cost about 4 per watt on average.Since a 9.7-kW system is needed to cover the energy consumption of a typical home in Grayson, the average price of going solar will be about $24,710 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Grayson homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a solid investment. The average homeowner in Grayson can save around $17,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a custom quote.
Solar savings over time in Grayson
| Year | Return on Investment |
|---|---|
| 1 years | $-23,161 |
| 3 years | $-20,064 |
| 5 years | $-16,967 |
| 7 years | $-13,869 |
| 9 years | $-10,772 |
| 11 years | $-7,674 |
| 13 years | $-4,577 |
| 15 years | $-1,479 |
| 17 years | $1,618 |
| 19 years | $4,716 |
| 21 years | $7,813 |
| 23 years | $10,911 |
| 25 years | $14,008 |
Top Solar Installers in Grayson
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why getting a solar installation company is a good option for many homeowners. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Grayson
Factors that Affect Solar Panel Costs in Grayson
The cost of installing a solar system in Grayson can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Grayson, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Grayson, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.Although solar loans make switching to solar energy more accessible for Grayson homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Grayson, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Grayson are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.80 | $15,943 | $11,412 | 14.6 years |
| 8 kW | $3.72 | $20,849 | $15,625 | 14.3 years |
| 10 kW | $3.65 | $25,550 | $20,043 | 14.0 years |
| 12 kW | $3.58 | $30,047 | $24,665 | 13.7 years |
| 14 kW | $3.50 | $34,339 | $29,491 | 13.4 years |
| 16 kW | $3.43 | $38,427 | $34,521 | 13.2 years |
| 18 kW | $3.36 | $42,311 | $39,756 | 12.9 years |
| 20 kW | $3.29 | $45,990 | $45,196 | 12.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
EcoWatch's Grayson, KY Solar Cost FAQs
What is the average cost of installing solar panels in Grayson?
The average cost of solar panels in Grayson 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Grayson?
You can’t get solar panels for free in Grayson. However, you may still be able to install 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.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Grayson, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.