Solar Panel Cost Guide in Simpsonville, KY (Feb 2023)

  • Simpsonville Solar Installation Cost: $15,758
  • 25-Year Savings: $22,230
  • Payback Period: 10.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Simpsonville

Find out what the average cost of solar panels are in Simpsonville.

The national average cost of solar panels is $2.66 per watt, but in Simpsonville it's $2 per watt. Since a 9.6-kW system is needed to cover the energy usage of a typical home in Simpsonville, the average price of going solar will be about $15,758 before claiming the federal solar tax credit of 30%.

The true cost of your system can be above or below the average in Simpsonville depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $15,000 over 20 years on electricity bills.

You can click the button below to get connected with a pre-vetted solar company in Simpsonville for a quote for your home.

Solar savings over time in Simpsonville

Year Return on Investment
1 years $-14,238
3 years $-11,199
5 years $-8,160
7 years $-5,121
9 years $-2,082
11 years $957
13 years $3,996
15 years $7,035
17 years $10,074
19 years $13,113
21 years $16,152
23 years $19,191
25 years $22,230

Top Solar Installers in Simpsonville

When making the switch to solar, many homeowners opt to hire a solar installer since overseeing your solar installation yourself can be a time-consuming project. Some solar installers, especially local ones, can help you better understand incentives in Simpsonville, therefore optimizing your ROI.

If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers 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 Simpsonville

Factors that Affect Solar Panel Costs in Simpsonville

For many Simpsonville homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Simpsonville, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. 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 opt for 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 power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Simpsonville average.

Solar Financing Terms

If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

Finally, the company you get to install your solar panels can influence the cost. Simpsonville's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fits within 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 $2.43 $10,221 $13,460 10.8 years
8 kW $2.39 $13,366 $18,208 10.6 years
10 kW $2.34 $16,380 $23,088 10.4 years
12 kW $2.29 $19,263 $28,099 10.2 years
14 kW $2.25 $22,015 $33,240 10.0 years
16 kW $2.20 $24,636 $38,513 9.8 years
18 kW $2.15 $27,125 $43,917 9.5 years
20 kW $2.11 $29,484 $49,452 9.3 years

How to Save on Solar Panels

There are many companies to choose from in Simpsonville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
  • Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.

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 Simpsonville, KY Solar Cost FAQs

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

This is a tough question to answer precisely, 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Simpsonville?

A solar panel system isn't free in Simpsonville, 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 Simpsonville?

The majority of states have net metering programs of some kind. Through these, you can be compensated 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 do I need to power 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 generally 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.

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