Solar Panels Cost $0k-$0k in Bourbon County, KY | December, 2024
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How much do solar panels cost in Bourbon County, KY in 2024?
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The typical cost per watt for going solar in Bourbon County, KY in December, 2024 is estimated at $0/W.
It will cost $0, on average, per 1K (or 1000 watts) of capacounty that your solar panels have. Typically, the expense for a 5 kW solar installation in Bourbon County, after the 30% federal tax credit, is about $0. In accordance with your electricity usage, your home could need a larger system.
To the left, you can select your county to find out the average roof size and the maximum capacity of solar panels for houses in your area. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Bourbon County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Bourbon 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.
Bourbon County: $34,781US Average: $16,152
Solar Potential in Bourbon County
Estimated system size and solar electricity production per median viable roof in Bourbon County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Bourbon County, KY & What that Means for Your Solar Panel Pricing
For Bourbon County energy consumers, the typical electric bill is 144.92 per month, with a usage of 1,167 kWh. These figures also include apartments and smaller dwellings with reduced energy needs.
As of December 2024, the average rate for electricity per kWh in Bourbon County, KY is 12.42¢.
You will pay approximately $0for a 10 kW solar panel installation initially, but the federal tax credit gives you 30% back, lowering the cost to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Bourbon County
Below and on the left, you can see the cost breakdown for different sizes of solar panel systems set up in Bourbon County. Naturally, with a more extensive solar system, you will have a higher upfront cost, but the rewards consist of higher electricity savings and larger income tax credits.
The solar panel cost calculator down and to the right breaks down costs and benefits, using an average $144.92 electric bill in Bourbon County To get results more personalized, change the $144.92 to match your typical electricity bill.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,050 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $88
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.67 tons a year
Equivalent to planting 352 trees a year
Equivalent to driving 18,996 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,225 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.95 tons a year
Equivalent to planting 411 trees a year
Equivalent to driving 22,162 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,400 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $117
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 10.23 tons a year
Equivalent to planting 470 trees a year
Equivalent to driving 25,328 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,575 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $131
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.51 tons a year
Equivalent to planting 529 trees a year
Equivalent to driving 28,494 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,750 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $145
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.71 tons a year
Equivalent to planting 584 trees a year
Equivalent to driving 31,473 mi less a year
Bourbon County Solar Panel Installation Incentives & Rebates | 2024
The financial burden of installing photovoltaic or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.
Almost all residents are eligible for the 30% federal income tax credit for residential solar, which makes it a viable option in various states in the country. State and local governments offer various programs to promote the switch to solar energy.
A total of 6 solar incentive and rebate programs are available in Kentucky from various utilities and government organizations.
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 Bourbon County, KY?
For homeowners in Bourbon County planning to stay beyond the payback period of their solar system, solar panels are the best choice. A 5 kW solar system in Bourbon County, KY could potentially save you $34,780.8 over the course of 20 years, with the break even point averaging at 0 years.
The cost of not having solar panels in Bourbon County, KY
Apart from the savings noted earlier, failing to install solar panels or an alternative energy backup leads to you being wholly dependent on your electric utility for power supply. Total dependence on your utility provider isn't always ideal, as recent examples in the news have demonstrated.
Lately, customers in Bourbon County have typically encountered 1.2 utility outages per year. The average duration of each outage is 157.24 minutes. During severe events like tornadoes, aging infrastructure, or construction accidents, these times can grow significantly longer.
Take a look at the info below to see the number of current electricity customers without power in Bourbon County.
A solar panel system could lessen the inconvenience of future outages, even if it doesn't have a backup battery.
Power Outages
Currently, 0 customers are being tracked in Bourbon County.
What impacts the cost of solar panels in Bourbon County, KY?
Your Energy Needs - The price per watt reduces with larger solar panel systems, even though the upfront cost is higher. Setting up a solar system that produces sufficient electricity to offset their electric bill is advantageous to most homeowners, resulting in savings.
Make & Model - Like many other products, there are various makes and models of solar panels available. It's crucial to pick a highly rated contractor, considering the brand preferences that installers may have. Superior quality materials generally lead to a more favorable long-term experience for buyers.
Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and deservedly so. Despite the higher price tag, these panels produce greater energy output. Many installation experts use panels constructed from this material.
Your Property - Each property and home presents unique challenges. Trees, sloped land, or other impediments may complicate the installation process. Nowadays, the most solar installers can assess your home with satellite images and incorporate these factors in the preliminary cost estimate.
Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Paying higher wages frequently results in businesses receiving better reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by area, will affect your installation cost. That said, quality local installers will be able to incorporate these numbers into your initial quotes so there are no surprises.
See what solar panels cost in other Bourbon County cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Bourbon County, KY Solar Panel Cost FAQs
In December, 2024, the average cost of solar panels per watt in Bourbon County, KY is $0/W. Post federal tax credit, a 5 kW solar panel system installation in Bourbon County, KY will roughly cost $0.
Various utility providers and government organizations in Kentucky are offering 6 rebates and incentives at this time. In addition, nearly all people are eligible for the 30%federal tax credit.
Even though paying cash offers the most savings, there are now numerous financing options for solar panels that also are cost-effective. Information about financing options is typically included in initial quotes provided by installers.
Yes, homeowners in Bourbon County, KY can expect 5 kW solar panels to pay off in 0 years, with an estimated $34,780.8 in electricity savings during a 20-year span.
Savings from 
Environmental Impacts 
