Solar Panels Cost $0k-$0k in Jessamine County, KY | November, 2024
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How much do solar panels cost in Jessamine County, KY in 2024?
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You will spend, on average, $0 per watt to go solar in Jessamine County, KY in November, 2024.
Stemming from this cost per watt, we can come to the conclusion that for every 1 kW (1000 watts) your solar system can generate, you will have to invest, on average, $0 for its installation. A 5 kW panel install in Jessamine County will typically cost you $0 after applying the 30% federal tax credit. Keep in mind that a higher capacity system might be required to satisfy your energy requirements.
By selecting your county on the left, you can find out the typical roof size and the average maximum capacity for residential solar panel systems in your area. Below is a breakdown 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.
Jessamine County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Jessamine 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.
Jessamine County: $36,228US Average: $16,169
Solar Potential in Jessamine County
Estimated system size and solar electricity production per median viable roof in Jessamine County.
Roof size 1,269sq. ft.
Capacity 17.75kW DC
Electricity 20.5kkWh AC per yr.
Electricity Costs in Jessamine County, KY & What that Means for Your Solar Panel Pricing
For Jessamine County energy consumers, the typical monthly kWh usage is 1,219, with an average electric bill of 150.95. These statistics also cover apartments and other smaller housing units, which generally have lower energy needs.
For November 2024, Jessamine County, KY's mean electricity rate is 12.38¢ per kWh.
At the moment, an 11 kW setup will cost you roughly $0at first, but thanks to the 30% federal tax credit, you get a 30% reimbursement, reducing the total to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Jessamine County
Below and on the left, there is the price breakdown for multiple sizes of solar panel systems set up in Jessamine County. The more extensive the solar array, the larger the initial expense, but also the more substantial electricity savings and income tax credits you'll get.
Refer to the solar panel cost calculator down and to the right to see the cost and benefit details derived from an average $150.95 electric bill in Jessamine County. Easily replace the $150.95 with your typical electricity bill amount to see more specific results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,225 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.63 tons a year
Equivalent to planting 397 trees a year
Equivalent to driving 21,373 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,400 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $117
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.87 tons a year
Equivalent to planting 453 trees a year
Equivalent to driving 24,426 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,575 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $131
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.1 tons a year
Equivalent to planting 510 trees a year
Equivalent to driving 27,480 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,750 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $146
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.34 tons a year
Equivalent to planting 567 trees a year
Equivalent to driving 30,533 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $1,925 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 16,045 kWh
Est. monthly savings $151
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
Jessamine 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 photovoltaic or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.
Installing residential solar panels comes with a 30% federal tax credit, accessible to almost all homeowners, making it a wise option for numerous areas across the country. Additionally, various state and local programs exist to further support the adoption of solar power.
Several utilities and government organizations in Kentucky currently offer 6 solar rebates and incentives.
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 Jessamine County, KY?
If your goal is to keep your home well past the payback period of your solar system, solar panels are an excellent choice in Jessamine County. With a 5 kW solar system in Jessamine County, KY, the average savings over a 20 period is $36,228, with break even typically occurring at 0 years.
The cost of not having solar panels in Jessamine County, KY
If you don't install solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.
Yearly, customers in Jessamine County have experienced approximately 1.15 utility outages.Each year, customers in Jessamine County have dealt with approximately 1.15 utility outages. Outages typically last for an average of 145.06 minutes. Major occurrences like wildfires, aging infrastructure, or wildlife damage can lead to a significant rise in these time frames.
Take a look at the component below to see the number of current electricity customers without power in Jessamine County.
Even without a backup battery, a solar panel system can reduce the stress of future outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Jessamine County.
What impacts the cost of solar panels in Jessamine County, KY?
Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the larger upfront expense. Installing a solar panel system that can fully offset the electric bill is beneficial to homeowners because of the money saved.
Make & Model - There are a wide variety of makes and models of solar panels. The installer’s preference for system makes it crucial to pick a reputable company. Buyers generally find that utilizing higher quality equipment provides a more satisfactory long-term experience.
Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide more energy. Most installers work with panels constructed from this material.
Your Property - No two properties or homes are identical. Trees, irregular terrain, or other considerations can increase the difficulty of the installation. These days, the majority of solar installers can use satellite imagery to assess your home and include these elements into the first cost estimate.
Labor Rates - Employees get varying wages from different companies, and these costs are handed down to the consumers. Paying higher wages frequently results in companies receiving better reviews for their services and customer service.
Permitting & Interconnection - Your final installation price will be affected by the permitting and utility interconnection fees, which change by area. Quality local installers will include these figures in your first estimates to provide transparency.
See what solar panels cost in other Jessamine County cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Jessamine County, KY Solar Panel Cost FAQs
The typical cost per watt for solar panels in Jessamine County, KY as of November, 2024 is $0/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Jessamine County, KY is roughly $0.
At present, there are 6 rebates and incentives available to Kentucky residents from various utility and government programs. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
Paying in cash provides the highest savings, but there are multiple financing options available today for solar panels that are also beneficial. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
Yes, in Jessamine County, KY, the average payback period for 5 kW solar panels is 0 years, resulting in average electricity savings of $36,228 over 20 years.
Savings from 
Environmental Impacts 
