Solar Panel Cost Guide in Mount Washington, KY (2023 Update)
- Mount Washington Solar Installation Cost: $15,678
- 25-Year Savings: $21,865
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mount Washington
We go over average solar pricing in Mount Washington.
In Mount Washington, solar panels cost about 2.34 per watt on average. The average solar panel system size in Mount Washington is around 9.6 kilowatts, meaning a cost of about $15,676 for a solar installation, or $22,417 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Mount Washington find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Mount Washington for a quote for your home.
Solar savings over time in Mount Washington
| Year | Return on Investment |
|---|---|
| 1 years | $-14,210 |
| 3 years | $-11,272 |
| 5 years | $-8,335 |
| 7 years | $-5,398 |
| 9 years | $-2,461 |
| 11 years | $477 |
| 13 years | $3,414 |
| 15 years | $6,351 |
| 17 years | $9,289 |
| 19 years | $12,226 |
| 21 years | $15,163 |
| 23 years | $18,100 |
| 25 years | $21,038 |
Top Solar Installers in Mount Washington
Trying to put up solar panels yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. The payback period of solar panels will vary based on factors like your roof configuration and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Mount Washington
Factors that Affect Solar Panel Costs in Mount Washington
The cost of installing a solar system in Mount Washington can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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. The type of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mount Washington to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Mount Washington is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that provide a range of services at different price points. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $13,313 | 10.9 years |
| 8 kW | $2.39 | $13,366 | $18,013 | 10.6 years |
| 10 kW | $2.34 | $16,380 | $22,843 | 10.4 years |
| 12 kW | $2.29 | $19,263 | $27,805 | 10.2 years |
| 14 kW | $2.25 | $22,015 | $32,898 | 10.0 years |
| 16 kW | $2.20 | $24,636 | $38,122 | 9.8 years |
| 18 kW | $2.15 | $27,125 | $43,477 | 9.6 years |
| 20 kW | $2.11 | $29,484 | $48,963 | 9.4 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: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most 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.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Mount Washington, KY Solar Cost FAQs
How much does it cost to install solar panels in Mount Washington?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $11,700 for a 5-kW system and $23,400 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 usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Mount Washington, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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.