Solar Panel Cost Guide in Harrodsburg, KY (Mar 2023)
- Harrodsburg Solar Installation Cost: $15,758
- 25-Year Savings: $22,494
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Harrodsburg
We go over average solar pricing in Harrodsburg.
Although the national average of solar panels is $2.66 per watt, solar panels in Harrodsburg typically cost about 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 how much a solar panel system could cost. The true cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. With average savings of about $15,000 on utility bills over 20 years, many homeowners in Harrodsburg find going solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Harrodsburg that can help you get a more accurate cost estimate for your home.
Solar savings over time in Harrodsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-14,227 |
| 3 years | $-11,167 |
| 5 years | $-8,107 |
| 7 years | $-5,047 |
| 9 years | $-1,987 |
| 11 years | $1,073 |
| 13 years | $4,133 |
| 15 years | $7,193 |
| 17 years | $10,253 |
| 19 years | $13,314 |
| 21 years | $16,374 |
| 23 years | $19,434 |
| 25 years | $22,494 |
Top Solar Installers in Harrodsburg
When going solar, many homeowners choose to hire a solar installer since handling can be a challenging project. Another benefit of utilizing a solar company is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Harrodsburg: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,340. There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Harrodsburg, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
How much does it cost to install 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
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.