Solar Panel Cost Guide in Williamstown, KY (2025 Update)
- Williamstown Solar Installation Cost: $24,680
- 25-Year Savings: $21,353
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Williamstown
Find out what the average cost of solar panel installation is in Williamstown.
In Williamstown, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Williamstown, most homeowners require a 9.7-kilowatt system. Using the figure above, a solar installation costs around $24,680, or $35,292 before the federal solar tax credit of 0 is applied.
The actual price you pay can go higher or lower than the average in Williamstown depending on a few factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, 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 installer in Williamstown for a quote for your home.
Solar savings over time in Williamstown
| Year | Return on Investment |
|---|---|
| 1 years | $-23,393 |
| 3 years | $-20,819 |
| 5 years | $-18,246 |
| 7 years | $-15,672 |
| 9 years | $-13,099 |
| 11 years | $-10,525 |
| 13 years | $-7,952 |
| 15 years | $-5,378 |
| 17 years | $-2,805 |
| 19 years | $-231 |
| 21 years | $2,342 |
| 23 years | $4,916 |
| 25 years | $7,489 |
Top Solar Installers in Williamstown
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a lot of work. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor as well, which can save you more money over time.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Williamstown:
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 Williamstown
Factors that Affect Solar Panel Costs in Williamstown
For many Williamstown homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Williamstown, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Williamstown to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.Though solar loans make going solar more accessible for Williamstown homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Williamstown is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Williamstown have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $7,148 | 17.3 years |
| 8 kW | $3.72 | $20,849 | $9,940 | 16.9 years |
| 10 kW | $3.65 | $25,550 | $12,936 | 16.6 years |
| 12 kW | $3.58 | $30,047 | $16,136 | 16.3 years |
| 14 kW | $3.50 | $34,339 | $19,541 | 15.9 years |
| 16 kW | $3.43 | $38,427 | $23,150 | 15.6 years |
| 18 kW | $3.36 | $42,311 | $26,963 | 15.3 years |
| 20 kW | $3.29 | $45,990 | $30,981 | 14.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should opt for, since different companies provide different panels.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Williamstown, KY Solar Cost FAQs
How much does it cost to install solar panels in Williamstown?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Williamstown?
You can’t get solar panels for free in Williamstown. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 install 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.