Solar Panels Cost $0k-$0k in Casey County, KY | November, 2024
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How much do solar panels cost in Casey County, KY in 2024?
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The typical cost per watt for solar in Casey County, KY in November, 2024 is $0/W.
Based on this price, we can come to the conclusion that for every 1 kW (1000 watts) of solar power capacounty will cost you $0 for installation. When you consider the 30% federal tax credit, a 5 kW system in Casey County will set you back $0. Please keep in mind that a larger system could be necessary to fulfill your energy needs.
To your left, you have the option to select your county and access information on the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see a complete 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.
Casey County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Casey 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.
Casey County: $34,274US Average: $16,169
Solar Potential in Casey County
Estimated system size and solar electricity production per median viable roof in Casey County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Casey County, KY & What that Means for Your Solar Panel Pricing
The typical energy consumer in Casey County has a monthly electric bill of 142.81 and uses 1,123 kWh on average. These statistics also include apartments and smaller homes with generally lower energy needs.
The rate of electricity in Casey County, KY, averaging, is 12.72¢ per kWh for November 2024.
Upfront, a 10 kW solar system will cost around $0, after a 30% federal tax credit, the price drops to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Casey County
Displayed below and to the left is the cost analysis for multiple sizes of the solar panel systems set up in Casey County. Bigger solar installations carry a larger expense, yet they also offer higher electricity savings and larger income tax credits.
The solar panel cost and benefit breakdown, visible in the calculator to the right and below, is based on an average electric bill of $142.81 in Casey County. Modify the $142.81 to your usual bill payment for more accurate results.
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 $1,138 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $95
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.47 tons a year
Equivalent to planting 389 trees a year
Equivalent to driving 20,957 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,327 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $111
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.88 tons a year
Equivalent to planting 454 trees a year
Equivalent to driving 24,450 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,517 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $126
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.29 tons a year
Equivalent to planting 518 trees a year
Equivalent to driving 27,942 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,707 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $142
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.7 tons a year
Equivalent to planting 583 trees a year
Equivalent to driving 31,435 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,896 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $143
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
Casey County Solar Panel Installation Incentives & Rebates | 2024
For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Believe you might be eligible? Use our REAP Grant eligibility tool to confirm your eligibility.
The 30% federal income tax credit for residential solar is accessible to almost all homeowners, making solar energy a good choice in numerous regions across the country. State and local governments have various programs to promote the switch to solar energy.
A total of 6 solar rebates and incentives are available in Kentucky through multiple utility companies 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 Casey County, KY?
If your intention is to stay in your home beyond the solar payback period, choosing solar panels is a smart option in Casey County. With a 5 kW solar system in Casey County, KY, the average savings over a 20 period is $34,274.4, with break even generally occurring at 0 years.
The cost of not having solar panels in Casey County, KY
The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. Many recent news articles have revealed that complete dependence on your utility isn't always the best option.
Each year, utility customers in Casey County have faced an average of 1.16 outages per year. Each outage, on average, lasts for 134.76 minutes. In the case of major events like earthquakes, vandalism, or aging infrastructure, this period can rise substantially.
Take a look at the component below to see the number of current electricity customers without power in Casey County.
Whether it comes with a backup battery or not, a solar panel system could alleviate the strain of any future power interruptions you may encounter.
Power Outages
Currently, 0 customers are being tracked in Casey County.
What impacts the cost of solar panels in Casey County, KY?
Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Most consumers see the usefulness in setting up a solar setup that can generate enough power to cover their entire electric bill, leading to significant savings.
Make & Model - Solar panels and mounting equipment, like many other products, are available in different makes and models. The installer you choose may have specific brand preferences, so it's crucial to choose a reputable installer. To ensure a better long-term experience, buyers should consider higher quality models.
Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even with a higher cost, this technology produce more energy. The majority of installers opt for panels crafted using this material.
Your Property - Uneven land, trees, or additional hindrances can make the installation process more challenging. Nowadays, many solar installers can leverage satellite imagery to assess your home and include these aspects into the initial cost estimate.
Labor Rates - The different wages that companies offer their employees result in costs that are ultimately passed on to consumers. Higher wages often lead to companies getting better reviews for their services and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.
See what solar panels cost in other Casey County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Casey County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Casey County, KY Solar Panel Cost FAQs
The cost per watt for solar panels in Casey County, KY during November of 2024 averages $0/W. The cost of installing a 5 kW solar panel system in Casey County, KY is about $0post 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.
Paying cash will lead to the most savings, but these days there are several options for financing solar panels that make great money sense as well. 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 Casey County, KY is achieved in 0 years, with electricity savings amounting to $34,274.4 over 20 years.
Savings from 
Environmental Impacts 
