Solar Panels Cost $0k-$0k in Breckinridge County, KY | November, 2024
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How much do solar panels cost in Breckinridge County, KY in 2024?
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It averages out to $0 per watt to get solar panels installed in November, 2024 in Breckinridge County, KY.
According to the rate per watt, you can conclude that for every 1000 watts (1 kW) your solar panel system can generate, you will have to spend $0 for its installation. In Breckinridge County, the cost of a 5 kW system is generally $0, after you deduct 30% federal tax credit. However, please keep in mind that a more extensive system could be necessary to ensure your energy requirements are met.
Choose your county from the menu on the left to find out the typical roof size and maximum solar panel capacity for homes in your area. Shown below is a breakdown of the price, payback period, and 20-year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Breckinridge County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Breckinridge 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.
Breckinridge County: $35,498US Average: $16,169
Solar Potential in Breckinridge County
Estimated system size and solar electricity production per median viable roof in Breckinridge County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Breckinridge County, KY & What that Means for Your Solar Panel Pricing
Energy consumers in Breckinridge County generally pay 147.91 per month for electricity, with an average monthly usage of1,064 kWh. It's essential to recognize that this data covers smaller living spaces such as apartments, with lower energy requirements.
In November 2024, the mean electricity rate in Breckinridge County, KY amounts to 13.91¢ per kWh.
Currently, a 9 kW solar panel installation costs $0 after deducting the 30% federal income tax credit.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Breckinridge County
Displayed below and to the left is the cost analysis for different sizes of solar panel systems set up in Breckinridge County. When you select a bigger solar system, the cost is larger, but it also results in greater electricity savings and a larger income tax credit.
The solar panel calculator, positioned below and to the right, offers a detailed cost and benefit analysis based on a typical $147.91 electric bill for Breckinridge County. More tailored results can be achieved by adjusting the $147.91 to your usual bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,021 a year
Est. Price
$0
Savings from a 5kWthis system
Est. yearly production 7,293 kWh
Est. monthly savings $85
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.34 tons a year
Equivalent to planting 337 trees a year
Equivalent to driving 18,172 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,225 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.81 tons a year
Equivalent to planting 405 trees a year
Equivalent to driving 21,806 mi less a year
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 10.28 tons a year
Equivalent to planting 472 trees a year
Equivalent to driving 25,441 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 11.75 tons a year
Equivalent to planting 540 trees a year
Equivalent to driving 29,075 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 $148
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
Breckinridge County Solar Panel Installation Incentives & Rebates | 2024
If you own a plot or small business in a rural area, the REAP Grant might cover between 80% and 100% of your photovoltaic or wind turbine installation costs. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.
Adding residential solar panels comes with a 30% federal tax credit, available to most homeowners, making it a good option for many areas throughout the United States. Apart from the federal incentives, state and local programs also work to boost solar energy uptake.
A total of 6 solar incentive and rebate initiatives are available in Kentucky from multiple utilities and government bodies.
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 Breckinridge County, KY?
If you're aiming to stay in your home past the period required to pay back your solar investment, opting for solar panels is a smart decision in Breckinridge County. A 5 kW system in Breckinridge County, KY will help you save you personally, on average, $35,498.4 over a 20 period and the average break even point is 0 years.
The cost of not having solar panels in Breckinridge County, KY
Besides missing out on the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Recent news examples have indicated that complete dependence on your utility provider isn't always ideal.
On average, customers in Breckinridge County have experienced 0.97 utility outages per year recently. Each outage, on average, lasts for 98.7 minutes. In the case of major events like winter storms, overloaded power grids, or vandalism, this period can rise substantially.
View the component below to see the number of current electricity customers without power in Breckinridge County.
Whether it comes with a backup battery or not, a solar panel system could reduce the strain of any future power interruptions you may encounter.
Power Outages
Currently, 0 customers are being tracked in Breckinridge County.
What impacts the cost of solar panels in Breckinridge County, KY?
Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt declines as the size of the system grows. Installing a solar system that makes sufficient electricity to eliminate their electric bill is beneficial to most individuals, ensuring savings.
Make & Model - Solar panels and mounting equipment, like many other products, are offered in a variety of makes and models. The brand preferences of your selected installer can make it crucial to choose a highly rated company. The selection of better equipment can greatly better the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels have become the industry standard, and it's easy to see why. Even with a higher cost, this technology generate more energy. Most installers opt for panels crafted using this material.
Your Property - Each property and home has its own characteristics. Factors such as uneven land, trees, or other obstacles can make the installation more challenging. These days, solar installers can utilize satellite images to evaluate your home and include these considerations into the preliminary cost estimate.
Labor Rates - Companies remunerate their employees in varying amounts, and these costs are transferred to consumers. It is frequently observed that businesses with higher wages receive superior reviews for their work and customer service.
Permitting & Interconnection - The cost of installation will be influenced by changing local permitting and utility interconnection fees. That said, quality local installers will be able to build these numbers into your initial quotes so there are no surprises.
See what solar panels cost in other Breckinridge County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Breckinridge County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Breckinridge County, KY Solar Panel Cost FAQs
The average solar panel cost in Breckinridge County, KY as of November, 2024 is estimated at $0/W. A 5 kW solar panel system will cost you around $0 in Breckinridge County, KY after the federal tax credit is applied.
At present, there are 6 rebates and incentives available to Kentucky residents from various utility and government programs. Additionally, the vast majority qualify for the 30% federal tax credit.
Opting for cash payments results in the highest savings, but there are now multiple financing options for solar panels that are beneficial. Your initial quotes will often contain information about financing options provided by installers.
Yes, on average, the return on investment for 5 kW solar panel systems in Breckinridge County, KY is achieved in 0 years, with electricity savings amounting to $35,498.4 over 20 years.
Savings from 
Environmental Impacts 
