Solar Panel Cost Guide in Shepherdsville, KY (2024 Update)
- Shepherdsville Solar Installation Cost: $24,456
- 25-Year Savings: $22,177
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Shepherdsville
Find out what the average cost of solar panels are in Shepherdsville.
While the national average of solar panels is $2.66 per watt, solar panels in Shepherdsville typically cost about 4.The average solar panel system size in Shepherdsville is around 9.6 kilowatts, meaning a cost of about $24,456 for a solar installation, or $34,972 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely look different based on factors unique to your home and what company you go with.Even with the high initial cost, the average Shepherdsville homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Shepherdsville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,126 |
| 3 years | $-20,467 |
| 5 years | $-17,808 |
| 7 years | $-15,149 |
| 9 years | $-12,491 |
| 11 years | $-9,832 |
| 13 years | $-7,173 |
| 15 years | $-4,514 |
| 17 years | $-1,855 |
| 19 years | $804 |
| 21 years | $3,463 |
| 23 years | $6,122 |
| 25 years | $8,780 |
Top Solar Installers in Shepherdsville
Installing solar panels by yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Shepherdsville
Factors that Affect Solar Panel Costs in Shepherdsville
Although the average cost of a solar system in Shepherdsville is $24,456, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Shepherdsville average.
Solar Financing Terms
Most solar installers in Shepherdsville have solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact how much it costs. Shepherdsville’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 offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $7,786 | 16.8 years |
| 8 kW | $3.72 | $20,849 | $10,790 | 16.5 years |
| 10 kW | $3.65 | $25,550 | $13,999 | 16.2 years |
| 12 kW | $3.58 | $30,047 | $17,412 | 15.8 years |
| 14 kW | $3.50 | $34,339 | $21,029 | 15.5 years |
| 16 kW | $3.43 | $38,427 | $24,851 | 15.2 years |
| 18 kW | $3.36 | $42,311 | $28,877 | 14.9 years |
| 20 kW | $3.29 | $45,990 | $33,107 | 14.5 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your overall 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 take into account, including:
- Reputation: Make sure your solar system installer 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 the EcoWatch team.
- Warranty: If you’re worried about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which model 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 options before deciding.
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 Shepherdsville, KY Solar Cost FAQs
How much does it cost to install solar panels in Shepherdsville?
The average cost of solar panels in Shepherdsville 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 model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Shepherdsville?
You can’t get solar panels for free in Shepherdsville. 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’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Shepherdsville?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 cover 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.