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

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

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

In Garrard County, KY in November, 2024, the current price per watt for solar is estimated at $0/W

This means that, solar panels will cost you approximately, on average, $0 per 1 kW (or 1000 watts) of generation capacounty. When you subtract the 30% federal tax credit, you can expect to spend about $0 for a 5 kW solar setup in Garrard County. However, it’s vital to take into account that a bigger system may be required to fully meet your energy needs.

On the left-hand side, pick your county to access information on the average roof size and the average maximum capacity for solar panel systems on homes within your area. Displayed below is a summary 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.
Garrard County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Garrard 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.
Garrard County: $38,100US Average: $16,169

Solar Potential in Garrard County

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

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

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

The average electricity consumption in Garrard County is 1,192 kWh per month, leading to a 158.75 monthly electric bill average. Smaller dwellings, such as condos and apartments, are also included in the statistics mentioned in the prior sentence.

The mean rate for electricity in Garrard County, KY in November, 2024 is 13.31¢ per kWh.

The projected cost for a 10 kW setup comes to $0 upfront, but after a 30% federal tax credit, the price is $0.

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Average solar panel costs by system size in Garrard County

To the left and below, the pricing details for different sizes of solar panel systems installed in Garrard County can be seen. Bigger solar installations carry a larger expense, yet they also offer greater electricity savings and more generous income tax credits.

The cost and benefit breakdown for solar panels, presented in the calculator below and to the right, is based on an average electric bill of $158.75 in Garrard County. For tailored results, change the $158.75 to what your average electricity bill is.

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 3.27 tons a year
  • Equivalent to planting 150 trees a year
  • Equivalent to driving 8,099 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 3.82 tons a year
  • Equivalent to planting 175 trees a year
  • Equivalent to driving 9,449 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 4.36 tons a year
  • Equivalent to planting 200 trees a year
  • Equivalent to driving 10,799 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 4.91 tons a year
  • Equivalent to planting 225 trees a year
  • Equivalent to driving 12,149 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 $158
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 5.45 tons a year
  • Equivalent to planting 250 trees a year
  • Equivalent to driving 13,499 mi less a year

Garrard County Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. If you think you might be in this category, we suggest checking your qualification with our REAP Grant eligibility tool.

For those considering residential solar options, a 30% federal income tax credit is broadly available, increasing the appeal and practicality of solar energy in various areas in the nation. Together with federal efforts, state and local programs help to support the use of solar power.

A total of 6 solar incentive and rebate initiatives are available in Kentucky from different utilities and government bodies.

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 Garrard County, KY?

For homeowners in Garrard County expecting to remain in their homes after the payback period for solar panels, solar energy is a logical choice. A 5 kW solar system in Garrard County, KY might save you an average of $38,100 over 20 years, with the break even point typically being 0 years.

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

Not installing solar panels or any other backup energy system leads to missing the earlier mentioned savings and full dependence on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.

Residents in Garrard County have encountered an average of 1.16 utility outages per year in recent times. On average, each outage lasts for 139.02 minutes. Major events like winter storms, construction accidents, or equipment failure can considerably extend these durations.

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

Regardless of whether featuring a backup battery or not, a solar panel system can alleviate the strain of possible future outages.

Power Outages

Currently, 0 customers are being tracked in Garrard County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt falls as the system size expands. Most consumers see the benefit in installing a solar setup that can produce enough power to replace their entire electric bill, ensuring significant savings.

Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. Given the certain system preferences an contractor might have, choosing a reputable contractor is crucial. The utilization of better equipment is likely to yield a more satisfactory long-term experience for buyers.

Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. These panels cost more but produce more energy. Most installers in the industry work with panels crafted from this material.

Your Property - No two properties or homes are identical. Trees, rough terrain, or other challenges can increase the difficulty of the installation. Nowadays, the majority of solar installers can evaluate your home with satellite images and include these factors in the preliminary cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these expenses are passed on to the consumers. Companies often get higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which change by area. Reputable local installers will integrate these numbers into your initial quotes to prevent any surprises.

See what solar panels cost in other Garrard County cities

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    Who are the best solar installers in Garrard 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.

    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.

    Garrard County, KY Solar Panel Cost FAQs

    • In November, 2024, the typical price per watt for solar panels in Garrard County, KY is $0/W. The cost of installing a 5 kW solar panel system in Garrard County, KY is about $0post federal tax credit.

    • Kentucky offers 6 different rebates and incentives from a range of utilities and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.

    • Paying cash provides the most savings, yet there are several financing options available today for solar panels that are also financially sensible. Financing details are often provided by installers and may be included in your initial quotes.

    • Yes, on average, 5 kW solar panels in Garrard County, KY pay for themselves in 0 years, with homeowners saving approximately $38,100 on electricity over 20 years.
    Matt Hope
    Last Reviewed By: Matt Hope
    Published: 2024-11-04