Solar Panel Cost Guide in Harrodsburg, KY (2023 Update)
- Harrodsburg Solar Installation Cost: $15,761
- 25-Year Savings: $22,490
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Harrodsburg
Find out what the average cost of solar panel installation is in Harrodsburg.
While the national average of solar panels is $2.66 per watt, solar panels in Harrodsburg generally cost around 2.34. The average Harrodsburg homeowner needs a 9.6-kilowatt system, which would cost about $15,758 with the federal tax credit, or $22,534 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what company you go with. With average savings of about $15,000 on power bills over 20 years, many homeowners in Harrodsburg find investing in solar can pay off big.
Click the button below to get connected to a highly rated solar installer in your area for a custom quote.
Solar savings over time in Harrodsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-15,634 |
| 3 years | $-15,379 |
| 5 years | $-15,124 |
| 7 years | $-14,869 |
| 9 years | $-14,614 |
| 11 years | $-14,359 |
| 13 years | $-14,104 |
| 15 years | $-13,849 |
| 17 years | $-13,594 |
| 19 years | $-13,339 |
| 21 years | $-13,084 |
| 23 years | $-12,829 |
| 25 years | $-12,574 |
Top Solar Installers in Harrodsburg
When switching to solar energy, many homeowners opt to hire a solar installation company since overseeing your solar installation yourself can be a challenging project. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Harrodsburg
Factors that Affect Solar Panel Costs in Harrodsburg
For many Harrodsburg homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Harrodsburg, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment is more than 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 looking for a solar system that's in your budget.
Solar Financing Terms
Most solar installers in Harrodsburg offer solar loans, which reduce your upfront costs of installing solar panels. When estimating 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 reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Harrodsburg is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that offer a range of services at different price points. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $13,631 | 10.7 years |
| 8 kW | $2.39 | $13,366 | $18,436 | 10.5 years |
| 10 kW | $2.34 | $16,380 | $23,373 | 10.3 years |
| 12 kW | $2.29 | $19,263 | $28,441 | 10.1 years |
| 14 kW | $2.25 | $22,015 | $33,639 | 9.9 years |
| 16 kW | $2.20 | $24,636 | $38,969 | 9.7 years |
| 18 kW | $2.15 | $27,125 | $44,430 | 9.5 years |
| 20 kW | $2.11 | $29,484 | $50,022 | 9.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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 Harrodsburg, KY Solar Cost FAQs
What is the average cost of installing solar panels in Harrodsburg?
The average cost of solar panels in Harrodsburg 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Harrodsburg?
You can't get solar panels for free in Harrodsburg. 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 rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Harrodsburg?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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.
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.