Solar Panel Cost Guide in Park Hills, KY (2023 Update)
- Park Hills Solar Installation Cost: $15,872
- 25-Year Savings: $15,953
- Payback Period: 12.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Park Hills
Let's have a look at the average cost of solar panels in Park Hills.
The average cost of a solar system in Park Hills is 2.34 per watt. The average solar panel system size in Park Hills is around 9.7 kilowatts, meaning a cost of about $15,872 for a solar installation, or $22,697 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $12,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in Park Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-14,599 |
| 3 years | $-12,053 |
| 5 years | $-9,507 |
| 7 years | $-6,961 |
| 9 years | $-4,415 |
| 11 years | $-1,869 |
| 13 years | $677 |
| 15 years | $3,223 |
| 17 years | $5,769 |
| 19 years | $8,315 |
| 21 years | $10,861 |
| 23 years | $13,407 |
| 25 years | $15,953 |
Top Solar Installers in Park Hills
When going solar, many homeowners opt to use a solar company since handling can be a time-consuming project. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your home.
There are various 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 Park Hills
Factors that Affect Solar Panel Costs in Park Hills
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,340 per kilowatt in Park Hills. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Park Hills, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Park Hills, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Park Hills, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $9,485 | 13.0 years |
| 8 kW | $2.39 | $13,366 | $12,909 | 12.7 years |
| 10 kW | $2.34 | $16,380 | $16,463 | 12.5 years |
| 12 kW | $2.29 | $19,263 | $20,149 | 12.2 years |
| 14 kW | $2.25 | $22,015 | $23,966 | 12.0 years |
| 16 kW | $2.20 | $24,636 | $27,914 | 11.7 years |
| 18 kW | $2.15 | $27,125 | $31,993 | 11.5 years |
| 20 kW | $2.11 | $29,484 | $36,203 | 11.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Park Hills, KY Solar Cost FAQs
What is the average cost of installing solar panels in Park Hills?
The average cost of solar panels in Park Hills 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Park Hills?
Solar panels aren't free in Park Hills, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Park Hills, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 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.