Solar Panels Cost $0k-$0k in Hickman County, KY | November, 2024
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How much do solar panels cost in Hickman County, KY in 2024?
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To have solar panels in Hickman County, KY in the month of November, 2024 costs around $0/W.
It will cost $0, on average, per 1000 watts (1 kW) of capacounty that your solar panels have. A 5 kW solar system in Hickman County will typically cost you $0 after applying the 30% federal tax credit. Remember that a higher capacity system may be needed to satisfy your energy demands.
To the left, you can choose your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. You can also see an analysis of the costs, payback period and 20 year average savings for a 5 kW system installed in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Hickman County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Hickman 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.
Hickman County: $36,744US Average: $16,169
Solar Potential in Hickman County
Estimated system size and solar electricity production per median viable roof in Hickman County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Hickman County, KY & What that Means for Your Solar Panel Pricing
Hickman County energy consumers consume an average of1,168 kWh each month, resulting in an average electric bill of 153.10. Flats and other smaller living spaces with less energy demand are reflected in this statistic.
The average rate for electricity in Hickman County, KY in November, 2024 is 13.11¢ per kWh.
Installing a a 10 kW solar panel installation will be priced at about $0 before applying incentives, but with the 30% federal tax credit, you can get a 30% credit, lowering the price to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Hickman County
Below on the left side, you'll find the pricing details for various sizes of solar panel systems set up in Hickman County. While a larger solar installation does come with a greater cost, it also brings increased electricity savings and higher income tax credits.
Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $153.10 in Hickman County. Alter the $153.10 to fit your typical bill payment for customized outcomes.
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 7.91 tons a year
Equivalent to planting 363 trees a year
Equivalent to driving 19,587 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 9.23 tons a year
Equivalent to planting 424 trees a year
Equivalent to driving 22,852 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 10.55 tons a year
Equivalent to planting 485 trees a year
Equivalent to driving 26,116 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 11.87 tons a year
Equivalent to planting 545 trees a year
Equivalent to driving 29,381 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 $153
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
Hickman County Solar Panel Installation Incentives & Rebates | 2024
Between 80% and 100% of your photovoltaic or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. To see if you qualify, use our REAP Grant eligibility tool.
For residential solar installations, almost all homeowners are eligible for a 30% federal income tax credit, which makes solar energy a feasible choice in many parts of the country. Moreover, many regional and state programs are set up to encourage more people to switch to solar power.
Different utilities and governmental bodies in Kentucky offer 6 solar rebate and incentive initiatives.
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 Hickman County, KY?
For those in Hickman County looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. Over a 20 year period, a 5 kW solar system in Hickman County, KY could save you around $36,744, with the average break even time being 0 years.
The cost of not having solar panels in Hickman County, KY
The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Full reliance on your utility is not always ideal as the news has recently shown.
On average, there are 0.97 outages per customer each year in Hickman County. Usually, outages have an average duration of 118.31 minutes. However, during critical events like construction accidents, equipment failure or landslides, these times can extend dramatically.
Take a look at the graphic below to see the number of current electricity customers without power in Hickman County.
A solar panel system with (or without) a backup battery could ease the stress of future outages you face.
Power Outages
Currently, 0 customers are being tracked in Hickman County.
What impacts the cost of solar panels in Hickman County, KY?
Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the greater upfront expense. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.
Make & Model - Just like other products, solar panels are offered in a wide variety of makes and models. Given the brand preferences that your installer may have, it's important to select a highly rated contractor. The use of better makes and models can greatly enhance the long-term experience for buyers.
Solar Panel Type - The industry standard is now monocrystalline panels, and justifiably so. They come with a higher price, but they provide more energy. The majority of solar panel installers prefer this material.
Your Property - Every home and property is unique. Sloped land, trees, or v can increase the complexity of the installation. Solar installers nowadays typically utilize satellite imagery to assess your home and factor in these factors into the preliminary cost estimate.
Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Companies that pay higher wages frequently garner higher reviews for their work and customer service.
Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Good local installers will build these figures into your first estimates to avoid any surprises.
See what solar panels cost in other Hickman County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Hickman County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Hickman County, KY Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Hickman County, KY is $0/W. Post federal tax credit, a 5 kW solar panel system installation in Hickman County, KY will roughly cost $0.
Kentucky offers 6 different rebates and incentives from a range of utilities and government organizations. On top of that, most individuals are eligible for the 30% federal income tax credit.
Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Financing options are frequently available through installers and will be detailed in your initial quotes.
Yes, the typical payback time for 5 kW solar panel systems in Hickman County, KY is 0 years, and the expected electricity cost savings over 20 years is $36,744.
Savings from 
Environmental Impacts 
