Rooftop Solar Panels In Ky
Rooftop solar panels are not one size fits all.
Rooftop solar panels in ky. Wednesday september 23 12 00pm. How kentucky s solar industry is handling the pandemic economic crisis net metering uncertainty. By now you likely know how solar panels work have explored the pros and cons of solar and are starting to wonder how much it might cost to add rooftop solar to your home. Solar panel cost data kentucky 2020 updated.
Here s how the numbers work for a kentucky solar purchase of a 5 kw rooftop solar system. John cotton wilderness trace solar. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. The feds calculate their 30 tax credit based on actual out of pocket costs so you ll get 6 375 back as a tax credit for a new price after year 1 of 14 875.
When it comes time to get an estimate for your rooftop solar system keep in mind that solar is not one size fits all a properly designed rooftop solar system should be. As of sep 2020 the average cost of solar panels in kentucky is 2 34 per watt making a typical 6000 watt 6 kw solar system 10 398 after claiming the 26 federal solar tax credit now available. Kentucky solar power incentives tax breaks and rebates. Matt partymiller solar energy solutions.
Enter your details into the solar panel calculator to see how your location roof tilt and roof direction impacts solar panel production. Kentucky does not have a renewable portfolio standard requiring local utilities to meet a certain renewable energy percentage by a specified date. Therefore the main incentives for solar power in kentucky are the 500 tax credit and a favorable net metering policy. Rooftop solar panels are installed by connecting a mounting system also known as racking to your roof.
Solar roof is comparable in price to a typical roof with solar panels. However it is currently near the bottom in terms of solar capacity installed ranking 44th in the nation with only enough energy to power 4 758 homes solar panel installation prices have fallen making now a good time to go green with solar power in kentucky. Status of net metering rooftop solar in kentucky. Certain roofing materials used in older or historical homes such as slate or cedar tiles can be difficult for solar installers to work with throwing up a roadblock for solar power.
Installing a typical 5 kw solar system should start at about 21 250. Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage. Solar roof is comparable in price to a typical roof with solar panels.