Solar Panel Cost Guide in Mount Washington, KY (2024 Update)
- Mount Washington Solar Installation Cost: $24,456
- 25-Year Savings: $21,865
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Mount Washington
Find out what the average cost of a solar system is in Mount Washington.
While the national average of solar panels is $2.66 per watt, solar panels in Mount Washington generally cost around 4.Because a 9.6-kW system is needed to cover the energy usage of a typical home in Mount Washington, the average price of going solar will be about $24,456 after claiming the federal solar tax credit of 0.
These figures are only averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you want to go with.Despite the significant upfront cost, the average Mount Washington homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar installer in Mount Washington for a quote for your home.
Solar savings over time in Mount Washington
| Year | Return on Investment |
|---|---|
| 1 years | $-22,987 |
| 3 years | $-20,050 |
| 5 years | $-17,112 |
| 7 years | $-14,175 |
| 9 years | $-11,238 |
| 11 years | $-8,300 |
| 13 years | $-5,363 |
| 15 years | $-2,426 |
| 17 years | $511 |
| 19 years | $3,449 |
| 21 years | $6,386 |
| 23 years | $9,323 |
| 25 years | $12,261 |
Top Solar Installers in Mount Washington
Although you can install solar panels by yourself, it requires extra labor and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for your family.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Mount Washington, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies operating in Mount Washington, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $7,591 | 16.9 years |
| 8 kW | $3.72 | $20,849 | $10,530 | 16.6 years |
| 10 kW | $3.65 | $25,550 | $13,673 | 16.3 years |
| 12 kW | $3.58 | $30,047 | $17,021 | 16.0 years |
| 14 kW | $3.50 | $34,339 | $20,574 | 15.6 years |
| 16 kW | $3.43 | $38,427 | $24,330 | 15.3 years |
| 18 kW | $3.36 | $42,311 | $28,291 | 15.0 years |
| 20 kW | $3.29 | $45,990 | $32,457 | 14.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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?
The average cost of solar panels in Mount Washington 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Mount Washington?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 financial benefits from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $784.47 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.