Solar Panel Cost Guide in Middletown, KY (2024 Update)

  • Middletown Solar Installation Cost: $24,524
  • 25-Year Savings: $24,372
  • Payback Period: 15.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Middletown

Find out what the average cost of solar panels are in Middletown.

In Middletown, solar panels cost about 4 per watt on average.The average Middletown homeowner needs a 9.6-kilowatt system, which would cost about $24,524 with the federal tax credit, or $35,069 before the 0 tax credit is applied.

These figures are just estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Middletown can save about $17,000 on their electricity bills over 20 years.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Middletown

YearReturn on Investment
1 years$-23,055
3 years$-20,118
5 years$-17,181
7 years$-14,243
9 years$-11,306
11 years$-8,369
13 years$-5,431
15 years$-2,494
17 years$443
19 years$3,380
21 years$6,318
23 years$9,255
25 years$12,192

Top Solar Installers in Middletown

Many homeowners choose to use a solar installation company since trying to install solar panels on your own can be time-consuming. 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 start using solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers near you:

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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

See all of the solar companies in Middletown

Factors that Affect Solar Panel Costs in Middletown

For many Middletown homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Middletown, 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

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Middletown homeowners decide to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating in Middletown, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.80$15,943$9,12015.9 years
8 kW$3.72$20,849$12,56815.6 years
10 kW$3.65$25,550$16,22115.3 years
12 kW$3.58$30,047$20,07915.0 years
14 kW$3.50$34,339$24,14114.7 years
16 kW$3.43$38,427$28,40714.4 years
18 kW$3.36$42,311$32,87814.1 years
20 kW$3.29$45,990$37,55313.8 years

How to Save on Solar Panels

Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
  • Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the completion timeline.
  • Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
  • Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
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Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

EcoWatch's Middletown, KY Solar Cost FAQs

How much does it cost to install solar panels in Middletown?

This is a tough question to answer precisely, because the cost depends on a few different 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Middletown?

Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Can solar panels eliminate my energy bills?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $835.43 per year.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.