Solar Panel Cost Guide in Paintsville, KY (Mar 2023)
- Paintsville Solar Installation Cost: $15,970
- 25-Year Savings: $28,144
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Paintsville
Find out what the average cost of a solar system is in Paintsville.
The average cost of solar panels in Paintsville is 2.34 per watt. The average Paintsville homeowner needs a 9.8-kilowatt system, which would cost about $15,970 with the federal tax credit, or $22,837 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Paintsville homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $17,000 on power bills over 20 years, many homeowners in Paintsville find investing in solar can pay off big.
To receive a free estimate from a pre-vetted solar company in Paintsville, you can click the button below.
Solar savings over time in Paintsville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,206 |
| 3 years | $-10,677 |
| 5 years | $-7,148 |
| 7 years | $-3,618 |
| 9 years | $-89 |
| 11 years | $3,440 |
| 13 years | $6,969 |
| 15 years | $10,498 |
| 17 years | $14,027 |
| 19 years | $17,557 |
| 21 years | $21,086 |
| 23 years | $24,615 |
| 25 years | $28,144 |
Top Solar Installers in Paintsville
Putting up solar panels by yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you take advantage of incentives in Paintsville, optimizing your ROI.
If you're searching for a solar installer in Paintsville, we've put together 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 Paintsville
Factors that Affect Solar Panel Costs in Paintsville
Even though the average cost of a solar system in Paintsville is $15,970, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar energy system in Paintsville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,340 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Paintsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Paintsville homeowners opt to finance their solar panel systems to make going solar more affordable. Though solar loans make switching to solar energy more accessible for Paintsville 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 consideration when trying to evaluate the cost of solar for your home or business in Paintsville is the company you get to install your PV system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different costs. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $16,939 | 9.4 years |
| 8 kW | $2.39 | $13,366 | $22,847 | 9.2 years |
| 10 kW | $2.34 | $16,380 | $28,886 | 9.0 years |
| 12 kW | $2.29 | $19,263 | $35,057 | 8.9 years |
| 14 kW | $2.25 | $22,015 | $41,358 | 8.7 years |
| 16 kW | $2.20 | $24,636 | $47,790 | 8.5 years |
| 18 kW | $2.15 | $27,125 | $54,354 | 8.3 years |
| 20 kW | $2.11 | $29,484 | $61,048 | 8.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer 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: The brand of solar panel you'd like to get plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
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 Paintsville, KY Solar Cost FAQs
How much does it cost to install solar panels in Paintsville?
The average cost of solar panels in Paintsville is about $11,700 for a 5-kW system and $23,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Paintsville?
You can't get solar panels for free in Paintsville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Paintsville?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 get between 20 and 35 panels to cover 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.