Solar Panel Cost Guide in Radcliff, KY (2023 Update)
- Radcliff Solar Installation Cost: $15,627
- 25-Year Savings: $24,063
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Radcliff
Find out how much it might cost to make the switch to solar in Radcliff.
In Radcliff, solar panels cost about 2.34 per watt on average. Using this figure, a typical 9.5-kW system would cost about $15,627 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $16,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Radcliff for a quote for your home.
Solar savings over time in Radcliff
| Year | Return on Investment |
|---|---|
| 1 years | $-15,495 |
| 3 years | $-15,230 |
| 5 years | $-14,966 |
| 7 years | $-14,701 |
| 9 years | $-14,437 |
| 11 years | $-14,172 |
| 13 years | $-13,907 |
| 15 years | $-13,643 |
| 17 years | $-13,378 |
| 19 years | $-13,114 |
| 21 years | $-12,849 |
| 23 years | $-12,584 |
| 25 years | $-12,320 |
Top Solar Installers in Radcliff
Trying to put up solar panels on your own can be a difficult project, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what brand of solar equipment you need.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Radcliff
Factors that Affect Solar Panel Costs in Radcliff
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Radcliff: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, 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
If paying for a solar system out of pocket is difficult, solar loans are a solid option 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 add 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 remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Radcliff, you'll have a great number of options to choose from, but each comes at varying price points 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 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 promotion can bring their pricing down to compete with bigger names.
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 | $14,740 | 10.2 years |
| 8 kW | $2.39 | $13,366 | $19,915 | 10.0 years |
| 10 kW | $2.34 | $16,380 | $25,221 | 9.8 years |
| 12 kW | $2.29 | $19,263 | $30,659 | 9.6 years |
| 14 kW | $2.25 | $22,015 | $36,227 | 9.4 years |
| 16 kW | $2.20 | $24,636 | $41,927 | 9.3 years |
| 18 kW | $2.15 | $27,125 | $47,757 | 9.1 years |
| 20 kW | $2.11 | $29,484 | $53,719 | 8.9 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 selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you're concerned about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
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 Radcliff, KY Solar Cost FAQs
What is the average cost of installing solar panels in Radcliff?
The average cost of solar panels in Radcliff is about $11,700 for a 5-kW system and $23,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Radcliff?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $832.03 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.