Solar Panel Cost Guide in Scottsville, KY (2024 Update)
- Scottsville Solar Installation Cost: $23,860
- 25-Year Savings: $14,212
- Payback Period: 20.2 Years
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Average Cost of Solar Panels in Scottsville
Find out what the average cost of installing solar panels is in Scottsville.
The national average cost of solar panels is $2.66 per watt, but in Scottsville it’s 4 per watt.Using this figure, a typical 9.3-kW system would cost about $23,860 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Scottsville homeowner. 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.Despite the significant initial cost, the average Scottsville homeowner can save around $13,000 on their energy bills over 20 years, which is one of the positives of solar.
To receive a free quote from a top solar installer in Scottsville, you can click the button below.
Solar savings over time in Scottsville
| Year | Return on Investment |
|---|---|
| 1 years | $-22,511 |
| 3 years | $-19,814 |
| 5 years | $-17,117 |
| 7 years | $-14,419 |
| 9 years | $-11,722 |
| 11 years | $-9,024 |
| 13 years | $-6,327 |
| 15 years | $-3,630 |
| 17 years | $-932 |
| 19 years | $1,765 |
| 21 years | $4,463 |
| 23 years | $7,160 |
| 25 years | $9,857 |
Top Solar Installers in Scottsville
Trying to install solar panels on your own can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Scottsville
Factors that Affect Solar Panel Costs in Scottsville
There are many criteria that can play into 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Scottsville.There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. 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
Most solar installers in Scottsville have solar loans, which reduce the initial cost of installing solar panels.When estimating 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
The solar installation company you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Scottsville are more knowledgeable 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 | $3.80 | $15,943 | $3,016 | 21.0 years |
| 8 kW | $3.72 | $20,849 | $4,430 | 20.6 years |
| 10 kW | $3.65 | $25,550 | $6,048 | 20.2 years |
| 12 kW | $3.58 | $30,047 | $7,871 | 19.8 years |
| 14 kW | $3.50 | $34,339 | $9,898 | 19.4 years |
| 16 kW | $3.43 | $38,427 | $12,130 | 19.0 years |
| 18 kW | $3.36 | $42,311 | $14,566 | 18.6 years |
| 20 kW | $3.29 | $45,990 | $17,207 | 18.2 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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 Scottsville, KY Solar Cost FAQs
What is the average cost of installing solar panels in Scottsville?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Scottsville?
Leasing solar panels can be an option if you can’t 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 property 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 savings from going solar.
Does Scottsville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for 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 house 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.