Solar Panel Cost Guide in Hendron, KY (2025 Update)
- Hendron Solar Installation Cost: $23,586
- 25-Year Savings: $32,954
- Payback Period: 12.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Hendron
See how much it might cost to switch to solar power in Hendron.
In Hendron, solar panels cost about 4 per watt on average.Because a 9.2-kW system is needed to cover the energy consumption of a typical home in Hendron, the average price of going solar will be about $23,586 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you choose to go with.With typical savings of about $20,000 on energy bills over 20 years, many homeowners in Hendron find installing solar panels has a decent ROI.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hendron
| Year | Return on Investment |
|---|---|
| 1 years | $-22,046 |
| 3 years | $-18,966 |
| 5 years | $-15,887 |
| 7 years | $-12,808 |
| 9 years | $-9,728 |
| 11 years | $-6,649 |
| 13 years | $-3,569 |
| 15 years | $-490 |
| 17 years | $2,590 |
| 19 years | $5,669 |
| 21 years | $8,748 |
| 23 years | $11,828 |
| 25 years | $14,907 |
Top Solar Installers in Hendron
When switching to solar energy, many homeowners choose to hire a solar installation company since handling can be a difficult project. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're searching for a solar company in Hendron, we've compiled a list of our top suggestions here:
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 Hendron
Factors that Affect Solar Panel Costs in Hendron
The cost of installing a solar system in Hendron can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,650. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Hendron, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
If paying for a solar system in cash is too expensive, solar loans are a solid route because they lower your upfront costs and let you pay for your system over five to seven years on average.While solar loans make adopting solar energy more accessible for Hendron homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $15,304 | 12.8 years |
| 8 kW | $3.72 | $20,849 | $20,814 | 12.5 years |
| 10 kW | $3.65 | $25,550 | $26,529 | 12.3 years |
| 12 kW | $3.58 | $30,047 | $32,448 | 12.0 years |
| 14 kW | $3.50 | $34,339 | $38,571 | 11.8 years |
| 16 kW | $3.43 | $38,427 | $44,899 | 11.5 years |
| 18 kW | $3.36 | $42,311 | $51,431 | 11.3 years |
| 20 kW | $3.29 | $45,990 | $58,168 | 11.0 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should opt for, since different companies provide different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Hendron, KY Solar Cost FAQs
What is the average cost of installing solar panels in Hendron?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
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 goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Hendron is currently $128,060, so you can look forward to a value of about $5,250 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Hendron is a worthwhile investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.