Solar Panel Cost Guide in Prestonsburg, KY (2024 Update)
- Prestonsburg Solar Installation Cost: $25,013
- 25-Year Savings: $27,996
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Prestonsburg
We go over average solar pricing in Prestonsburg.
In Prestonsburg, solar panels cost about 4 per watt on average.The average solar panel system size in Prestonsburg is around 9.8 kilowatts, meaning a cost of about $25,013 for a solar installation, or $35,769 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 Prestonsburg homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Prestonsburg find investing in solar has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Prestonsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-23,464 |
| 3 years | $-20,367 |
| 5 years | $-17,269 |
| 7 years | $-14,172 |
| 9 years | $-11,074 |
| 11 years | $-7,977 |
| 13 years | $-4,880 |
| 15 years | $-1,782 |
| 17 years | $1,315 |
| 19 years | $4,413 |
| 21 years | $7,510 |
| 23 years | $10,608 |
| 25 years | $13,705 |
Top Solar Installers in Prestonsburg
Trying to install solar panels yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
There are several licensed solar professionals that can help you install your solar system. 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 Prestonsburg
Factors that Affect Solar Panel Costs in Prestonsburg
The cost of installing a solar system in Prestonsburg can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Prestonsburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Prestonsburg homeowners opt to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can influence how much you pay. Prestonsburg’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger 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 | $3.80 | $15,943 | $11,043 | 14.8 years |
| 8 kW | $3.72 | $20,849 | $15,132 | 14.5 years |
| 10 kW | $3.65 | $25,550 | $19,427 | 14.2 years |
| 12 kW | $3.58 | $30,047 | $23,925 | 13.9 years |
| 14 kW | $3.50 | $34,339 | $28,628 | 13.6 years |
| 16 kW | $3.43 | $38,427 | $33,535 | 13.3 years |
| 18 kW | $3.36 | $42,311 | $38,647 | 13.1 years |
| 20 kW | $3.29 | $45,990 | $43,963 | 12.8 years |
How to Save on Solar Panels
There are numerous companies available in Prestonsburg, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: When looking 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 component breaking or if the company goes out of business.
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 Prestonsburg, KY Solar Cost FAQs
How much does it cost to install solar panels in Prestonsburg?
The average cost of solar panels in Prestonsburg 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.
Can you get solar panels for free in Prestonsburg?
You can’t get solar panels for free in Prestonsburg. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.