Solar Panel Cost Guide in Shepherdsville, KY (Dec 2022)

  • Shepherdsville Solar Installation Cost: $15,676
  • 25-Year Savings: $22,179
  • Payback Period: 10.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated December 8, 2022

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Average Cost of Solar Panels in Shepherdsville

We break down average solar pricing in Shepherdsville.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Shepherdsville, the typical cost of solar panels is $2 per watt. Since a 9.6-kW system is needed to cover the energy usage of a typical home in Shepherdsville, the average price of going solar will be about $15,676 before claiming the federal solar tax credit of 30%.

These figures are just estimates, and your own solar costs may vary based on factors unique to your home and what company you go with. Despite the high upfront cost, the average Shepherdsville homeowner can save about $15,000 on their energy bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a vetted solar installer in Shepherdsville for a quote for your home.

Solar savings over time in Shepherdsville

Year Return on Investment
1 years $-14,161
3 years $-11,133
5 years $-8,105
7 years $-5,076
9 years $-2,048
11 years $981
13 years $4,009
15 years $7,037
17 years $10,066
19 years $13,094
21 years $16,123
23 years $19,151
25 years $22,179

Top Solar Installers in Shepherdsville

Although you can install solar panels by yourself, it involves extra time and expertise. Because of that, almost all homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Shepherdsville: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels 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 $2,340 per kilowatt in Shepherdsville. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Shepherdsville average.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Shepherdsville homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your total costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Shepherdsville, and each can charge varying amounts for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.

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 $13,508 10.8 years
8 kW $2.39 $13,366 $18,273 10.6 years
10 kW $2.34 $16,380 $23,169 10.4 years
12 kW $2.29 $19,263 $28,196 10.1 years
14 kW $2.25 $22,015 $33,354 9.9 years
16 kW $2.20 $24,636 $38,642 9.7 years
18 kW $2.15 $27,125 $44,062 9.5 years
20 kW $2.11 $29,484 $49,613 9.3 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model 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 take a look at their list of offerings before deciding.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

What is the average cost of installing solar panels in Shepherdsville?

This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $11,700 for a 5-kW system and $23,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Shepherdsville?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of 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 financial benefits from going solar.

Is going solar worth it?

Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably 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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.

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