Solar Panel Cost Guide in Williamstown, KY (2023 Update)
- Williamstown Solar Installation Cost: $15,822
- 25-Year Savings: $21,353
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Williamstown
Here's how much it might cost to make the switch to solar in Williamstown.
The average cost of a solar system in Williamstown is 2.34 per watt. The average Williamstown homeowner needs a 9.7-kilowatt system, which would cost about $15,823 with the federal tax credit, or $22,627 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Williamstown homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the high initial cost, the average Williamstown homeowner can save about $15,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in Williamstown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,698 |
| 3 years | $-15,450 |
| 5 years | $-15,202 |
| 7 years | $-14,955 |
| 9 years | $-14,707 |
| 11 years | $-14,459 |
| 13 years | $-14,211 |
| 15 years | $-13,963 |
| 17 years | $-13,715 |
| 19 years | $-13,468 |
| 21 years | $-13,220 |
| 23 years | $-12,972 |
| 25 years | $-12,724 |
Top Solar Installers in Williamstown
Many homeowners decide to use a solar panel company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Some solar installers, particularly local ones, can help you take advantage of incentives in Williamstown, optimizing your ROI.
If you'd like to go solar but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Williamstown
Factors that Affect Solar Panel Costs in Williamstown
Although the average cost of a solar system in Williamstown is $15,823, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,340. The kind of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Williamstown, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you're looking for and also is 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 | $12,870 | 11.1 years |
| 8 kW | $2.39 | $13,366 | $17,422 | 10.9 years |
| 10 kW | $2.34 | $16,380 | $22,106 | 10.6 years |
| 12 kW | $2.29 | $19,263 | $26,920 | 10.4 years |
| 14 kW | $2.25 | $22,015 | $31,865 | 10.2 years |
| 16 kW | $2.20 | $24,636 | $36,941 | 10.0 years |
| 18 kW | $2.15 | $27,125 | $42,149 | 9.8 years |
| 20 kW | $2.11 | $29,484 | $47,487 | 9.6 years |
How to Save on Solar Panels
There are a lot of companies available in Williamstown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Companies that have been in business for many years likely have a solid 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.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Williamstown, KY Solar Cost FAQs
How much does it cost to install solar panels in Williamstown?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels 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.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Williamstown, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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 long do solar panels last in Williamstown?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.