Electricity In Kentucky

There are 58 companies in Kentucky providing electricity. Of those 58, 48.28% of them offer some type of net metering option for their customers, making solar panels and alternative electric sources more economically viable. The state has heavily restricted net metering and feed in tariffs that make solar and other types of electricity generation more realistic.

The state has 42 electricity companies who are reporting energy loss during transmission activities. The average energy loss amount for these suppliers is 3.52%. The United States average for energy loss is 2.76%, which earns a rank of 21st best in the nation for Kentucky in this category.

When it comes to stimulating personal solar, one of the best uses of government resources is tax breaks and rebates for solar installs. Kentucky currently offers no state tax credit to consumers who install solar at their place of residence. The state offers no rebates to residents who are installing private solar. There are currently no property tax exemptions for consumers in Kentucky. The state does not offer a sales tax exemption for the install of solar, leaving residents high and dry for this one.

Whether a customer is able to seek out electricity plans with renewable fuel types is somewhat determined by state level legislation. Many states require green fuel types to make up a portion of the fuel used for electricity production. These guidelines are referred to as Renewable Portfolio Standards (RPS). The state of Kentucky, unfortunately, has no standards in place. Additionally, the state does not have any sort of low income solar programs that help with the installation of solar panels at low income households.