Solar Panel Cost Guide in Pikeville, KY (2024 Update)

  • Pikeville Solar Installation Cost: $24,954
  • 25-Year Savings: $28,116
  • Payback Period: 14.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated April 21, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Pikeville

Let’s take a look at the average cost of solar panels in Pikeville.

In Pikeville, solar panels cost about 4 per watt on average.The average solar panel system size in Pikeville is around 9.8 kilowatts, meaning a cost of about $24,954 for a solar installation, or $35,684 before the 0 federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of Pikeville homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on energy bills.

Click the button below to get connected to a top solar panel company in Pikeville for a customized quote.

Solar savings over time in Pikeville

YearReturn on Investment
1 years$-23,406
3 years$-20,308
5 years$-17,211
7 years$-14,113
9 years$-11,016
11 years$-7,918
13 years$-4,821
15 years$-1,724
17 years$1,374
19 years$4,471
21 years$7,569
23 years$10,666
25 years$13,764

Top Solar Installers in Pikeville

Although it's possible to install solar panels by yourself, it requires extra energy and handiness. Because of that, most people choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.

If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Pikeville:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Pikeville

Factors that Affect Solar Panel Costs in Pikeville

For many Pikeville homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Pikeville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of solar panels in Pikeville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

If paying for solar panels in cash is too expensive, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over five to seven years on average.Even though solar loans make going solar more accessible for Pikeville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Pikeville, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.80$15,943$11,15714.7 years
8 kW$3.72$20,849$15,28514.4 years
10 kW$3.65$25,550$19,61714.1 years
12 kW$3.58$30,047$24,15413.9 years
14 kW$3.50$34,339$28,89513.6 years
16 kW$3.43$38,427$33,84013.3 years
18 kW$3.36$42,311$38,99013.0 years
20 kW$3.29$45,990$44,34412.7 years

How to Save on Solar Panels

The solar panel company you go with will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:

  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
  • Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
  • Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Pikeville, KY Solar Cost FAQs

What is the average cost of installing solar panels in Pikeville?

The average cost of solar panels in Pikeville is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Pikeville?

A solar panel system isn’t free in Pikeville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of 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 how much 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.