Solar Panel Cost Guide in Paris, KY (2023 Update)
- Paris Solar Installation Cost: $15,859
- 25-Year Savings: $23,577
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Paris
Here's how much it might cost to go solar in Paris.
Although the national average of solar panels is $2.66 per watt, solar panels in Paris generally cost around 2.34. Using this figure, a typical 9.7-kW system would cost about $15,856 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will differ based on your specific situation and what company you want to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Paris see about $15,000 in savings on electricity bills over 20 years.
To get a free estimate from a vetted solar company in Paris, you can click the button below.
Solar savings over time in Paris
| Year | Return on Investment |
|---|---|
| 1 years | $-14,480 |
| 3 years | $-11,722 |
| 5 years | $-8,964 |
| 7 years | $-6,207 |
| 9 years | $-3,449 |
| 11 years | $-691 |
| 13 years | $2,067 |
| 15 years | $4,824 |
| 17 years | $7,582 |
| 19 years | $10,340 |
| 21 years | $13,098 |
| 23 years | $15,855 |
| 25 years | $18,613 |
Top Solar Installers in Paris
Many homeowners opt for a solar panel installer since trying to put up solar panels on your own can be a lot of work. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Paris
Factors that Affect Solar Panel Costs in Paris
For many Paris homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Paris, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,340. The kind of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to think 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
If paying for a solar system in cash is too expensive, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Paris, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $14,217 | 10.5 years |
| 8 kW | $2.39 | $13,366 | $19,219 | 10.3 years |
| 10 kW | $2.34 | $16,380 | $24,351 | 10.1 years |
| 12 kW | $2.29 | $19,263 | $29,614 | 9.9 years |
| 14 kW | $2.25 | $22,015 | $35,009 | 9.7 years |
| 16 kW | $2.20 | $24,636 | $40,534 | 9.5 years |
| 18 kW | $2.15 | $27,125 | $46,190 | 9.2 years |
| 20 kW | $2.11 | $29,484 | $51,978 | 9.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installation 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:
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Paris, KY Solar Cost FAQs
How much does it cost to install solar panels in Paris?
The average cost of solar panels in Paris is about $11,700 for a 5-kW system and $23,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Paris?
Leasing solar panels can be an option if you can't afford 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 bang for your buck from going solar.
How will solar panels impact the value of my home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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 house 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.