Solar Panel Cost Guide in Highland Heights, KY (2023 Update)
- Highland Heights Solar Installation Cost: $15,921
- 25-Year Savings: $15,904
- Payback Period: 12.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Highland Heights
Find out what the average cost of a solar system is in Highland Heights.
The national average cost of solar panels is $2.66 per watt, but in Highland Heights it's 2.34 per watt. The average Highland Heights homeowner needs a 9.7-kilowatt system, which would cost about $15,921 with the federal tax credit, or $22,767 before the 30% tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you go with. For many homeowners, the upfront cost of solar power is worth paying. On average Highland Heights homeowners see about $12,000 in savings on electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Highland Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-14,648 |
| 3 years | $-12,102 |
| 5 years | $-9,556 |
| 7 years | $-7,010 |
| 9 years | $-4,464 |
| 11 years | $-1,918 |
| 13 years | $628 |
| 15 years | $3,174 |
| 17 years | $5,720 |
| 19 years | $8,266 |
| 21 years | $10,812 |
| 23 years | $13,358 |
| 25 years | $15,904 |
Top Solar Installers in Highland Heights
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar panel installer can make converting to solar power much easier. Plus, if you'd like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're on the hunt for a solar installer in Highland Heights, 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 (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 Highland Heights
Factors that Affect Solar Panel Costs in Highland Heights
There are many factors that can play into your solar system 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
When it comes to estimating the price of solar panels in Highland Heights, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,340 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Highland Heights average.
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 Highland Heights homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make going solar more accessible for Highland Heights homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Highland Heights is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points. Additionally, some companies in Highland Heights have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.43 | $10,221 | $9,430 | 13.0 years |
| 8 kW | $2.39 | $13,366 | $12,836 | 12.8 years |
| 10 kW | $2.34 | $16,380 | $16,372 | 12.5 years |
| 12 kW | $2.29 | $19,263 | $20,040 | 12.3 years |
| 14 kW | $2.25 | $22,015 | $23,839 | 12.0 years |
| 16 kW | $2.20 | $24,636 | $27,768 | 11.8 years |
| 18 kW | $2.15 | $27,125 | $31,829 | 11.5 years |
| 20 kW | $2.11 | $29,484 | $36,021 | 11.3 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 such a warranty is one sign of a quality company.
- Solar Panel Brands: The brand of solar panel you want plays a part in which company you should choose, since different companies have access to different panels.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project 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 Highland Heights, KY Solar Cost FAQs
How much does it cost to install solar panels in Highland Heights?
The average cost of solar panels in Highland Heights 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 buy between 20 and 35 panels to account for 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.