Solar Panel Cost Guide in Union, KY (Feb 2023)
- Union Solar Installation Cost: $15,839
- 25-Year Savings: $20,545
- Payback Period: 10.9 Years
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Top Solar Installers in Union
Many homeowners opt for a solar panel installer since installing solar panels yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Union
Factors that Affect Solar Panel Costs in Union
The cost of installing a solar system in Union can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
When it comes to estimating the cost of solar panels in Union, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your total cost can increase by around $2,340 for each additional kilowatt you need. The 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. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Union average.
Solar Financing Terms
Many homeowners find the average cost of solar in Union to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact how much you pay. Union's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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||$12,357||11.3 years|
|8 kW||$2.39||$13,366||$16,739||11.1 years|
|10 kW||$2.34||$16,380||$21,251||10.9 years|
|12 kW||$2.29||$19,263||$25,894||10.7 years|
|14 kW||$2.25||$22,015||$30,669||10.4 years|
|16 kW||$2.20||$24,636||$35,574||10.2 years|
|18 kW||$2.15||$27,125||$40,610||10.0 years|
|20 kW||$2.11||$29,484||$45,778||9.8 years|
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
EcoWatch's Union, KY Solar Cost FAQs
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.