Solar Panels Cost $0k-$0k in Ballard County, KY | November, 2024
High Power Bills?
Reduce or replace your electricity bill with solar
No data available
How much do solar panels cost in Ballard County, KY in 2024?
No data available
Going solar averages out to $0/W in the month of November, 2024 in Ballard County, KY.
It will cost you $0, on average, per 1K (or 1000 watts) of capacounty that your solar panels have. After the 30% federal tax credit, the average expense for a 5 kW panel install in Ballard County is approximately $0. Please keep in mind that a more powerful system might be essential to fully meet your energy needs.
On the left side, select your county to discover the typical roof size and the maximum capacity of solar panel systems for homes in your area. Displayed below is an analysis of the costs, payback period, and 20-year average savings for a 5 kW system installed in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Ballard County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Ballard County: 0 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Ballard County: $43,265US Average: $16,169
Solar Potential in Ballard County
Estimated system size and solar electricity production per median viable roof in Ballard County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Ballard County, KY & What that Means for Your Solar Panel Pricing
Ballard County households typically consume 1,250 kWh each month and have an average monthly electric bill around 180.27. Smaller houses, including condos and duplexes, are also encompassed in the statistics mentioned in the previous sentence.
In November 2024, the mean electricity rate in Ballard County, KY amounts to 14.42¢ per kWh.
Presently, an 11 kW solar system will be priced at around $0at first, but thanks to the 30% federal tax credit, you get a 30% reimbursement, reducing the total to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Ballard County
Displayed on the left side, you'll see a detailed cost summary of the multiple sizes of solar panel systems installed in Ballard County. The investment for a more extensive solar panel setup is larger, but it also yields more significant electricity savings and more substantial income tax credits.
Using the solar panel cost calculator positioned down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $180.27 in Ballard County. Change the $180.27 with your average electricity bill to get customized results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,429 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $119
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.45 tons a year
Equivalent to planting 388 trees a year
Equivalent to driving 20,918 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,634 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $136
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.66 tons a year
Equivalent to planting 444 trees a year
Equivalent to driving 23,906 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,838 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $153
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 10.87 tons a year
Equivalent to planting 499 trees a year
Equivalent to driving 26,895 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,042 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $170
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.07 tons a year
Equivalent to planting 554 trees a year
Equivalent to driving 29,883 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,246 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 16,045 kWh
Est. monthly savings $180
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.77 tons a year
Equivalent to planting 587 trees a year
Equivalent to driving 31,608 mi less a year
Ballard County Solar Panel Installation Incentives & Rebates | 2024
Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing photovoltaic or wind energy systems. Believe you might qualify? Use our REAP Grant eligibility tool to confirm your eligibility.
Installing residential solar panels comes with a 30% federal tax credit, accessible to most homeowners, making it a good option for many areas across the country. Additionally, there are numerous state and local incentives to further promote the adoption of solar energy.
Different utilities and governmental bodies in Kentucky offer 6 solar rebate and incentive programs.
Solar incentives in KYIncentive Description Value
Tax Exemption for Large-Scale Renewable Energy Projects
Value:Varies
Beginning in 2007, companies operating in Kentucky may be entitled to corporate sales or income tax exemptions on new energy efficiency or renewable energy investments. A complete sales tax exemption may apply to any materials or equipment a company uses to make improvements. Certain employees whose jobs were created as part of the improvements may write off a 4% wage assessment on their own income taxes. A minimum investment of $1 million is required. New solar facilities should be rated for at least 50 KW, while systems using other renewable technology should be rated for at least 1 MW. Additional information is available from the Think Kentucky website.
On-Farm Energy Efficiency Grant Program
Value:Varies
The Office of Agricultural Policy, a unit of the office of the Kentucky governor, oversees the County Agricultural Investment Program (CAIP). Farmers may be eligible for program grants to fund energy efficiency improvements. Eligible projects for grant funding include new implements, insulation/weatherization, lighting, HVAC, windows, roofing, and smart thermostats. New solar thermal/PV systems and wind turbines may also be eligible. Equipment and building materials must meet certain state efficiency standards. Interested farmers may apply at any time and will be considered for the upcoming program year. Additional information is available from the OAP website.
Net Metering
Value:Varies
Kentucky requires private electrical utilities in the Commonwealth to collect renewable energy credits through net metering arrangements with their customers. Any solar, wind, biomass, or other renewable energy system rated for under 45 kW should have a bidirectional meter equipped to measure net excess generation (NEG) sent back to the grid. Customers will be compensated at a rate set by the state utility regulator. As of 2021, the rate per kilowatt hour is 9.746 cents. Systems entering a net metering contract must comply with certain IEEE and UL standards. Utilities reserve the right to restrict NEG exports to keep the grid stable. Additional information is available from the Kentucky Public Service Commission website.
Incentives for Energy Independence
Value:Varies
Various tax incentives are available in Kentucky to encourage renewable adoption research and adoption in the Commonwealth. New renewable generation farms, such as those using solar, wind, or biomass technology, may be totally exempt from state income tax, entity tax, and sales/use tax. Employees maintaining the systems may be entitled to tax credits equal to a 4% wage assessment on employers. Exemptions or special assessments are determined on a case-by-case basis and will last for up to 25 years. Certain administrative fees payable to the Kentucky Economic Development Finance Authority may apply. Additional information is available from the Think Kentucky website.
Energy Efficiency Loans for State Government Agencies
Value:Varies
The Green Bank of Kentucky (GBKY) received seed funding from the 2009 federal stimulus package. Currently, the Bank offers revolving loans to commonwealth government agencies for sustainability projects. Agencies may select from three different loan options. In each case, repaid principal will immediately "revolve" to support subsequent borrowers. SELF loans may fund any energy efficiency improvements or renewable energy investments that will reduce consumption by 20%. Available principal ranges from $50K to a maximum of $225K. Hybrid loans offer principal from $50K to $600K. These loans require energy audits before project work begins, the cost of which may be covered by loan funds. Agencies have the burden of procuring contractors and new equipment/materials. ESPC loans are designed for comprehensive or large-scale industrial improvements. Loan principal starts at $600K with no maximum. The applicant must use a recognized Energy Service Company or Energy Savings Performance Company for the work. Additional information is available from the GBKY website.
Interconnection Standards
Value:Varies
Distributed generation and interconnection have been standardized by the Kentucky Public Service Commission since 2009. Each energy system connected to the commonwealth grid will be assigned to a numerical "level" based on rated capacity. Systems at each level must follow recognized standards such as those set by IEEE or UL. Interconnection fees and application review turnaround will depend on the system's level. Customers must carry at least minimum liability insurance coverage on their energy system, and they may be required to install disconnect switches or other safety features by their utility. However, they will own any renewable energy credits they generate and may sell them to the utility at their discretion.
Are solar panels worth it in Ballard County, KY?
For those in Ballard County intending to stay in their homes past the payback period of their solar system, solar panels make excellent sense. A 5 kW solar system in Ballard County, KY might save you an average of $43,264.8 over 20 years, with the break even point generally being 0 years.
The cost of not having solar panels in Ballard County, KY
Beyond missing out on the savings noted above, the absence of solar panels or an alternative backup energy solution leads to total dependency on your electric utility for power. As evidenced by recent news stories, full reliance on your utility company is not always ideal.
Each year, customers in Ballard County face about 1.09 outages. The average length of an outage is 111.29 minutes. However, during significant events such as lightning strikes, aging infrastructure, or wildlife damage, this duration can grow considerably.
View the graphic below to see the number of current electricity customers without power in Ballard County.
Installing a solar panel system, irrespective of whether it features a backup battery, could reduce the pressure of future outages you might encounter.
Power Outages
Currently, 0 customers are being tracked in Ballard County.
What impacts the cost of solar panels in Ballard County, KY?
Your Energy Needs - Though the initial cost of larger solar panel systems is larger, the price per watt diminishes as the system gets larger. It is often beneficial for consumers to set up a solar system that can produce enough electricity to offset their electric bill, which results in substantial savings.
Make & Model - Solar panels and mounting equipment, just like many other products, come in different makes and models. The installer’s preference for brand makes it essential to pick a reputable company. Better quality materials often result in a more positive long-term experience for buyers.
Solar Panel Type - There's a good reason why monocrystalline panels are now the industry standard. They have a higher price but are more efficient. Most solar panel installers use panels made of this type of material.
Your Property - Each property and home has its own characteristics. Factors like trees, uneven land, or other impediments can make the installation more challenging. With the use of satellite images, solar installers these days can evaluate your home and include these considerations into the first cost estimate.
Labor Rates - Various wages are offered to employees by various companies, and these costs are transferred to the consumers. Businesses paying more to their employees often garner higher reviews for their services and customer service.
Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which vary by area. Experienced local installers will include these figures in your initial estimates to guarantee transparency.
See what solar panels cost in other Ballard County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Ballard County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Ballard County, KY Solar Panel Cost FAQs
In November, 2024, the average cost of solar panels per watt in Ballard County, KY is $0/W. A 5 kW solar panel system will cost you around $0 in Ballard County, KY after the federal tax credit is applied.
There are 6 rebates and incentives available in Kentucky from a range of utility providers and government organizations. Additionally, almost everyone is entitled to the 30% federal income tax credit.
Cash payments yield the greatest savings, but many financing options for solar panels that are cost-effective are now available. Many installers have financing partners and will provide this information in your initial quotes.
Yes, on average, 5 kW solar panels in Ballard County, KY pay for themselves in 0 years, with homeowners saving approximately $43,264.8 on electricity over 20 years.
Savings from 
Environmental Impacts 
