Solar Panel Cost Guide in Pioneer Village, KY (Jan 2023)
- Pioneer Village Solar Installation Cost: $15,676
- 25-Year Savings: $21,868
- Payback Period: 10.4 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Pioneer Village
Let's have a look at the average cost of solar panels in Pioneer Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pioneer Village, the typical cost of a solar system is $2 per watt. Using this figure, a typical 9.6 would cost about $15,676 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs may look different based on the amount of energy your home requires and what company you choose to go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Pioneer Village can save around $15,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Pioneer Village
| Year | Return on Investment |
|---|---|
| 1 years | $-14,174 |
| 3 years | $-11,170 |
| 5 years | $-8,167 |
| 7 years | $-5,163 |
| 9 years | $-2,160 |
| 11 years | $843 |
| 13 years | $3,847 |
| 15 years | $6,850 |
| 17 years | $9,854 |
| 19 years | $12,857 |
| 21 years | $15,861 |
| 23 years | $18,864 |
| 25 years | $21,868 |
Top Solar Installers in Pioneer Village
Although you can install solar panels on your own, it takes extra energy and handiness. That's why the majority of homeowners choose a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Pioneer Village
Factors that Affect Solar Panel Costs in Pioneer Village
For many Pioneer Village homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Pioneer Village, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,340. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the amount of 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 more than the original 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 go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Pioneer Village, and each can charge varying amounts for labor and equipment. Additionally, some companies in Pioneer Village know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,313 | 10.9 years |
| 8 kW | $2.39 | $13,366 | $18,013 | 10.6 years |
| 10 kW | $2.34 | $16,380 | $22,843 | 10.4 years |
| 12 kW | $2.29 | $19,263 | $27,805 | 10.2 years |
| 14 kW | $2.25 | $22,015 | $32,898 | 10.0 years |
| 16 kW | $2.20 | $24,636 | $38,122 | 9.8 years |
| 18 kW | $2.15 | $27,125 | $43,477 | 9.6 years |
| 20 kW | $2.11 | $29,484 | $48,963 | 9.4 years |
How to Save on Solar Panels
There are a large number of companies available in Pioneer Village, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Pioneer Village, KY Solar Cost FAQs
What is the average cost of installing solar panels in Pioneer Village?
The average cost of solar panels in Pioneer Village 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Pioneer Village?
A solar panel system isn't free in Pioneer Village, 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 you can take advantage of.
Do solar panels increase the value of your home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.