Solar Panel Cost Guide in Shepherdsville, KY (2025 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.
The national average cost of solar panels is $2.66 per watt, but in Shepherdsville it’s 4 per watt.Using this figure, a typical 9.6-kW system would cost about $24,456 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Shepherdsville depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Shepherdsville can save about $15,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar expert, 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 on your own can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Shepherdsville
Factors that Affect Solar Panel Costs in Shepherdsville
Though the average cost of a solar system in Shepherdsville is $24,456, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Shepherdsville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Shepherdsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Shepherdsville to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Shepherdsville is the company you hire to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for and also fit into your budget.
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 choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 kind 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?
A solar panel system isn’t free in Shepherdsville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
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.