Solar Panels Cost 0k-0k in Elliott County, KY | November, 2024

Solar Panels Cost $0k-$0k in Elliott County, KY | November, 2024

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

Going solar in the month of November, 2024 in Elliott County, KY averages out to $0/W.

According to this rate, we are able to conclude that for every 1 kW (1000 watts) your solar system can generate you will spend $0 to have your solar system installed. A 5 kW solar panel system in Elliott County is typically about $0 after accounting for the 30% federal income tax credit. Don't forget, a higher capacity system may be essential to meet your energy needs.

On the left-hand side, you can pick your county to determine the average roof size and the maximum capacity for solar panel systems in residences in your area. Below is a full breakdown of the price, 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.
Elliott County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Elliott 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.
Elliott County: $40,512US Average: $16,169

Solar Potential in Elliott County

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

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.

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

The average electricity bill for a Elliott County resident is 168.80, with a monthly consumption of 1,037 kWh. Apartments and other smaller living spaces with lower energy demand are covered in this figure.

Elliott County, KY's electricity rate is on average 16.28¢ per kWh in November 2024.

You'll spend $0 on a 9 kW setup after including the 30% federal income tax credit in your calculations.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Elliott County

Shown on the left, you will find a price breakdown for different solar panel system sizes installed in Elliott County. Even though a more extensive solar installation does come with a greater cost, it also brings increased electricity savings and more substantial income tax credits.

The breakdown of costs and benefits for solar panels, shown in the calculator below and to the right, is based on an average electric bill of $168.80 in Elliott County. If you want personalized results, modify the $168.80 to your usual electricity bill amount.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,167 a year
Est. Price
$0
Savings from a 5kWthis system
  • Est. yearly production 7,293 kWh
  • Est. monthly savings $97
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 7.35 tons a year
  • Equivalent to planting 337 trees a year
  • Equivalent to driving 18,187 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,400 a year
Est. Price
$0
Savings from a 6kWthis system
  • Est. yearly production 8,752 kWh
  • Est. monthly savings $117
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 8.82 tons a year
  • Equivalent to planting 405 trees a year
  • Equivalent to driving 21,825 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,634 a year
Est. Price
$0
Savings from a 7kWthis system
  • Est. yearly production 10,211 kWh
  • Est. monthly savings $136
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 10.29 tons a year
  • Equivalent to planting 472 trees a year
  • Equivalent to driving 25,462 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,867 a year
Est. Price
$0
Savings from a 8kWthis system
  • Est. yearly production 11,669 kWh
  • Est. monthly savings $156
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 11.76 tons a year
  • Equivalent to planting 540 trees a year
  • Equivalent to driving 29,100 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $2,100 a year
Est. Price
$0
Savings from a 9kWthis system
  • Est. yearly production 13,128 kWh
  • Est. monthly savings $169
  • 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

Elliott County Solar Panel Installation Incentives & Rebates | 2024

Rural farmers and small business owners could have between 80% and 100% of their solar energy or wind turbine installation expenses covered by the REAP Grant. Believe you might qualify? Use our REAP Grant eligibility tool to check your eligibility.

For residential solar projects, almost everyone people are eligible for the 30% federal income tax credit, which makes solar a practical solution in many parts of the country. Moreover, many regional programs are intended to encourage more people to adopt solar power.

A total of 6 solar rebates and incentives are available in Kentucky through different utility companies and government agencies.

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 Elliott County, KY?

If you're expecting to live in your home past the solar system's payback period, solar panels are a smart decision in Elliott County. A 5 kW solar system in Elliott County, KY might save you an average of $40,512 over 20 years, with the break even point usually being 0 years.

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

Without solar panels or another backup power source, you lose out on the previously noted savings and are fully dependent on your electric utility for electricity. Full reliance on your utility company is not always ideal, as recent media examples have demonstrated.

Generally, customers in Elliott County encounter around 1.83 outages. On average, an outage lasts 292.3 minutes. Major events such as vandalism, aging infrastructure or winter storms can significantly extend these time frames.

See the info below to see the number of current electricity customers without power in Elliott County.

Even without a backup battery, a solar panel system could ease the burden of possible future power disruptions you may encounter.

Power Outages

Currently, 0 customers are being tracked in Elliott County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size grows. It is often advantageous for homeowners to install a solar system that can make enough electricity to offset their electric bill, which results in significant savings.

Make & Model - There are a range of makes and models of solar panels. As the installer might have specific brand preferences, it's important to choose a highly rated installer. Consumers who opt for better materials usually enjoy a more favorable long-term experience.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They come with a higher price but are more energy-efficient. Many solar panel installers use panels made of this material.

Your Property - Elements like trees, sloped land, or other considerations might complicate the installation process. Many solar installers now are able to use satellite imagery to assess your home and factor in these aspects in the first cost estimate.

Labor Rates - The pay that various companies offer their employees are different, and these costs are transferred to the consumers. Companies that pay higher wages frequently garner higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be affected by the local permitting and utility interconnection fees, which differ depending on the area. Reliable installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other Elliott County cities

    Go Solar for less than your cell phone bill.

    Who are the best solar installers in Elliott 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.

    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.

    Elliott County, KY Solar Panel Cost FAQs

    • The typical cost per watt for solar panels in Elliott County, KY as of November, 2024 is $0/W. The approximate cost of a 5 kW solar panel system in Elliott County, KY, after deducting federal tax credits, is $0.

    • Residents of Kentucky can currently take advantage of 6 rebates and incentives offered by various utilities and government bodies. In addition, the 30% federal income tax credit is available to almost everyone.

    • Even though paying cash provides the most savings, there are now several financing options for solar panels that also are financially sensible. Installers will often include details on financing partners in the quotes they provide initially.

    • Yes, the average 5 kW solar panel payback period in Elliott County, KY stands at 0 years, yielding average electricity savings of $40,512 over 20 years.
    King Manalo
    Last Reviewed By: King Manalo
    Published: 2024-11-04