Solar Panel Cost Guide in Somerset, KY (2025 Update)
- Somerset Solar Installation Cost: $24,423
- 25-Year Savings: $24,160
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Somerset
We go over average solar pricing in Somerset.
While the national average of solar panels is $2.66 per watt, solar panels in Somerset generally cost around 4.Using this figure, a typical 9.6-kW system would cost about $24,423 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will most likely look different based on your specific situation and what company you choose to go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Somerset can save around $16,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Somerset
| Year | Return on Investment |
|---|---|
| 1 years | $-23,056 |
| 3 years | $-20,322 |
| 5 years | $-17,587 |
| 7 years | $-14,853 |
| 9 years | $-12,119 |
| 11 years | $-9,385 |
| 13 years | $-6,651 |
| 15 years | $-3,917 |
| 17 years | $-1,182 |
| 19 years | $1,552 |
| 21 years | $4,286 |
| 23 years | $7,020 |
| 25 years | $9,754 |
Top Solar Installers in Somerset
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make swapping over to solar power much easier. Some solar companies, especially local ones, can help you better understand incentives in Somerset, therefore optimizing your ROI.
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:
See all of the solar companies in Somerset
Factors that Affect Solar Panel Costs in Somerset
The cost of installing a solar system in Somerset can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just 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 Somerset offer solar loans, which reduce the initial cost of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can affect how much you pay. Somerset’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Somerset are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $9,050 | 15.9 years |
| 8 kW | $3.72 | $20,849 | $12,475 | 15.6 years |
| 10 kW | $3.65 | $25,550 | $16,105 | 15.3 years |
| 12 kW | $3.58 | $30,047 | $19,939 | 15.0 years |
| 14 kW | $3.50 | $34,339 | $23,977 | 14.7 years |
| 16 kW | $3.43 | $38,427 | $28,220 | 14.4 years |
| 18 kW | $3.36 | $42,311 | $32,667 | 14.1 years |
| 20 kW | $3.29 | $45,990 | $37,319 | 13.8 years |
How to Save on Solar Panels
The solar company you go with will affect 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 a few important things you should take into account, including:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should opt for, since different companies have access to different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
EcoWatch's Somerset, KY Solar Cost FAQs
How much does it cost to install solar panels in Somerset?
The average cost of solar panels in Somerset is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Somerset, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last 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 level 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.