Solar Panel Cost Guide in Radcliff, KY (2024 Update)
- Radcliff Solar Installation Cost: $24,376
- 25-Year Savings: $24,063
- Payback Period: 15.4 Years
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Updated February 03, 2024
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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 4 per watt on average.The average Radcliff homeowner needs a 9.5-kilowatt system, which would cost about $24,376 with the federal tax credit, or $34,858 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Radcliff homeowner. The cost 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.But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Radcliff that can help you get a more accurate cost estimate for your home.
Solar savings over time in Radcliff
Year | Return on Investment |
---|---|
1 years | $-22,996 |
3 years | $-20,237 |
5 years | $-17,477 |
7 years | $-14,718 |
9 years | $-11,959 |
11 years | $-9,199 |
13 years | $-6,440 |
15 years | $-3,681 |
17 years | $-921 |
19 years | $1,838 |
21 years | $4,597 |
23 years | $7,357 |
25 years | $10,116 |
Top Solar Installers in Radcliff
Trying to put up solar panels on your own can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your upfront investment.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Radcliff:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Radcliff, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall 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 affects the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Radcliff homeowners decide to finance their solar panel systems to make paying for solar more affordable.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 can only 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a role in determining your pricing. Radcliff’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.80 | $15,943 | $9,018 | 16.0 years |
8 kW | $3.72 | $20,849 | $12,432 | 15.7 years |
10 kW | $3.65 | $25,550 | $16,051 | 15.4 years |
12 kW | $3.58 | $30,047 | $19,875 | 15.0 years |
14 kW | $3.50 | $34,339 | $23,903 | 14.7 years |
16 kW | $3.43 | $38,427 | $28,135 | 14.4 years |
18 kW | $3.36 | $42,311 | $32,572 | 14.1 years |
20 kW | $3.29 | $45,990 | $37,213 | 13.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.