Solar Panel Cost Guide in Pioneer Village, KY (2023 Update)
- Pioneer Village Solar Installation Cost: $15,678
- 25-Year Savings: $21,865
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pioneer Village
See how much it might cost to make the switch to solar 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 2.34 per watt. To cover the typical energy usage of the average home in Pioneer Village, most homeowners require a 9.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,676, or $22,417 before the federal solar tax credit of 30% is applied.
The actual price you pay can go above or below the average in Pioneer Village based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Despite the significant upfront cost, the average Pioneer Village homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar company in Pioneer Village, you can click the button below.
Solar savings over time in Pioneer Village
| Year | Return on Investment |
|---|---|
| 1 years | $-15,553 |
| 3 years | $-15,303 |
| 5 years | $-15,053 |
| 7 years | $-14,802 |
| 9 years | $-14,552 |
| 11 years | $-14,302 |
| 13 years | $-14,052 |
| 15 years | $-13,801 |
| 17 years | $-13,551 |
| 19 years | $-13,301 |
| 21 years | $-13,050 |
| 23 years | $-12,800 |
| 25 years | $-12,550 |
Top Solar Installers in Pioneer Village
When making the switch to solar, many homeowners decide to hire a solar installer since installing solar panels yourself can be a difficult project. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar installer in Pioneer Village, 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
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
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Pioneer Village average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you opt for 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. 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 additional 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 | $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
Since the type of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should choose, since different companies have different panels.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Pioneer Village, KY Solar Cost FAQs
What is the average cost of installing solar panels in Pioneer Village?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $11,700 for a 5-kW system and $23,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Pioneer Village?
You can't get solar panels for free in Pioneer Village. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $784.47 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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.