Solar Panel Cost Guide in Massac, KY (2024 Update)
- Massac Solar Installation Cost: $23,586
- 25-Year Savings: $29,574
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Massac
Find out what the average cost of solar panels are in Massac.
In Massac, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Massac, most homeowners require a 9.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $23,586, or $33,728 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Even with the significant upfront cost, the average Massac homeowner can save about $18,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Massac for a quote for your home.
Solar savings over time in Massac
| Year | Return on Investment |
|---|---|
| 1 years | $-22,207 |
| 3 years | $-19,449 |
| 5 years | $-16,691 |
| 7 years | $-13,933 |
| 9 years | $-11,176 |
| 11 years | $-8,418 |
| 13 years | $-5,660 |
| 15 years | $-2,902 |
| 17 years | $-144 |
| 19 years | $2,613 |
| 21 years | $5,371 |
| 23 years | $8,129 |
| 25 years | $10,887 |
Top Solar Installers in Massac
Many homeowners choose to use a solar installer since installing solar panels yourself can be a lot of work. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your home.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Massac
Factors that Affect Solar Panel Costs in Massac
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Massac, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Massac average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Massac, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Massac, and each can charge different amounts for labor and equipment.Additionally, some companies in Massac have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $3.80 | $15,943 | $13,107 | 13.7 years |
| 8 kW | $3.72 | $20,849 | $17,885 | 13.5 years |
| 10 kW | $3.65 | $25,550 | $22,867 | 13.2 years |
| 12 kW | $3.58 | $30,047 | $28,054 | 12.9 years |
| 14 kW | $3.50 | $34,339 | $33,445 | 12.7 years |
| 16 kW | $3.43 | $38,427 | $39,040 | 12.4 years |
| 18 kW | $3.36 | $42,311 | $44,840 | 12.1 years |
| 20 kW | $3.29 | $45,990 | $50,844 | 11.9 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Massac, KY Solar Cost FAQs
What is the average cost of installing solar panels in Massac?
The average cost of solar panels in Massac is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Massac?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $968.34 per year.
How long do solar panels last in Massac?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.