Solar Panels Cost 12k-22k in Campbell County, KY | November, 2024

Solar Panels Cost $12k-$22k in Campbell County, KY | November, 2024

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How much do solar panels cost in Campbell County, KY in 2024?

Solar systems in Campbell County, KY in the month of November, 2024 average out to $3.51 per watt.

Stemming from this rate per watt, you should expect costs to be $3,510, on average, for every 1000 watts (or 1 kW) of solar energy your system can produce. A 5 kW solar system in Campbell County is typically about $12,285 after accounting for the 30% federal income tax credit. It's worth noting that a more powerful system could be needed to ensure your energy demands are met.

Use the left-hand menu to choose your area and see the typical roof size and the maximum capacity for solar panels on homes in your county. Outlined below are 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.
Campbell County: $12,285US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Campbell County: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Campbell County: $15,054US Average: $16,169

Solar Potential in Campbell County

Estimated system size and solar electricity production per median viable roof in
Campbell County.

Roof size 590sq. ft.
Capacity 8.25kW DC
Electricity 9.6kkWh AC per yr.

Electricity Costs in Campbell County, KY & What that Means for Your Solar Panel Pricing

Campbell County energy consumers consume an average of1,025 kWh each month, resulting in an average electric bill of 135.85. This figure also covers data from apartments and other smaller living spaces with lower energy demand.

The average rate for electricity in Campbell County, KY in November, 2024 is 13.25¢ per kWh.

After incentives, a 9 kW solar panel system costs around $22,113.

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Average solar panel costs by system size in Campbell County

Visible below and to the left is the cost analysis for multiple sizes of solar panel systems in Campbell County. Although a bigger solar installation carries a greater cost, it also offers increased electricity savings and larger income tax credits.

The solar panel cost calculator to the right and below breaks down costs and benefits, considering an average $135.85 electric bill in Campbell County Swap the $135.85 with your typical electricity bill for custom results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $948 a year
Est. Price
$12,285
Savings from a 5kWthis system
  • Est. yearly production 7,293 kWh
  • Est. monthly savings $79
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 7.42 tons a year
  • Equivalent to planting 341 trees a year
  • Equivalent to driving 18,363 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,138 a year
Est. Price
$14,742
Savings from a 6kWthis system
  • Est. yearly production 8,752 kWh
  • Est. monthly savings $95
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 8.9 tons a year
  • Equivalent to planting 409 trees a year
  • Equivalent to driving 22,035 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,327 a year
Est. Price
$17,199
Savings from a 7kWthis system
  • Est. yearly production 10,211 kWh
  • Est. monthly savings $111
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 10.39 tons a year
  • Equivalent to planting 477 trees a year
  • Equivalent to driving 25,708 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,517 a year
Est. Price
$19,656
Savings from a 8kWthis system
  • Est. yearly production 11,669 kWh
  • Est. monthly savings $126
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 11.87 tons a year
  • Equivalent to planting 545 trees a year
  • Equivalent to driving 29,381 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,707 a year
Est. Price
$22,113
Savings from a 9kWthis system
  • Est. yearly production 13,128 kWh
  • Est. monthly savings $136
  • Full payback in 14 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

Campbell County Solar Panel Installation Incentives & Rebates | 2024

If you run a small business or farm in a rural area, you could receive REAP Grant support that covers 80% to 100% of your solar or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

When it comes to residential solar, almost all people can take advantage of the 30% federal income tax credit, which makes solar a viable option in most regions of the nation. In addition, various regional and state incentives are in place to boost solar energy adoption.

Kentucky features 6 solar rebate and incentive initiatives offered by multiple utilities and government organizations.

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 Campbell County, KY?

If you plan to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Campbell County is an smart decision. Having a 5 kW solar system in Campbell County, KY can potentially save you roughly $20,319 over a span of 20 years, with an average break even point of 8 years.

The cost of not having solar panels in Campbell County, KY

In addition to forgoing the savings discussed previously, not installing solar panels or another form of backup power results in you being completely dependent on your electric utility. Complete reliance on your utility provider isn't always the best idea, as recent examples in the news have shown.

Recently, Campbell County has seen an average of 0.91 utility outages per customer each year. On average, an outage lasts 93.46 minutes. When major events such as high winds, planned maintenance, or grid management errors occur, these durations can increase significantly

Take a look at the component below to see the number of current electricity customers without power in Campbell County.

A solar energy system, whether it includes a backup battery or not, could help relieve the burden of future power outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Campbell County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Campbell County, KY?

Your Energy Needs - While larger solar panel systems involve a greater upfront expense, the average price per watt drops as the system size grows. It is often useful for consumers to set up a solar system that can generate enough electricity to offset their electric bill, which ensures significant savings.

Make & Model - Solar panels come in a wide variety of makes and models. The contractor’s preference for system makes it important to select a highly rated company. Better quality makes and models often lead to a more favorable long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Even with a higher cost, this technology yield more energy. The majority of installers choose panels constructed using this material.

Your Property - No two homes or properties are the same. Elements like trees, irregular terrain, or other challenges might complicate the installation process. Solar installers nowadays commonly use satellite imagery to evaluate your home and factor in these elements into the preliminary cost estimate.

Labor Rates - The costs related to the varying wages given by companies to their employees are transferred to the consumers. Higher wages typically lead to businesses getting better reviews for their services and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Quality local installers will include these figures in your initial estimates to guarantee transparency.

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Who are the best solar installers in Campbell County?

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Core Development Group

(201) 825-2195

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Solgen Power

Pasco, WA(855) 709-1181

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Solar Alliance Southeast

Knoxville, TN(865) 309-4674

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Appalachian Renewable Power Systems

Stewart CDP, OH(740) 498-0498

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Craftsman Electric

Cincinnati, OH(513) 891-4426

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Green Rack Contracting

Pittsburgh, PA(412) 822-9947

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Icon Solar

Milford, OH(513) 396-7777

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Campbell County, KY Solar Panel Cost FAQs

  • In November, 2024, the average cost of solar panels per watt in Campbell County, KY is $3.51/W. The cost of installing a 5 kW solar panel system in Campbell County, KY is about $12,285post federal tax credit.

  • At present, there are 6 rebates and incentives available to Kentucky residents from various utility and government programs. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Even though paying cash offers the most savings, there are now multiple financing options for solar panels that also make financial sense. Installers often have financing partners and will include this information in your initial quotes.

  • Yes, in Campbell County, KY, 5 kW solar panel systems usually pay off in 8 years, providing an average electricity cost savings of $20,319 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-04