Solar Panels Cost $0k-$0k in Knott County, KY | November, 2024
High Power Bills?
Reduce or replace your electricity bill with solar
No data available
How much do solar panels cost in Knott County, KY in 2024?
No data available
Getting solar panels costs about $0/W in November, 2024 in Knott County, KY.
Using this rate per watt, expect the price to be $0, on average, for every 1000 watts (or 1 kW) of solar energy your system will need to produce. With a 30% federal tax credit, the average expense for a 5 kW system in Knott County is about $0. A larger system may be required to ensure your energy needs are met.
To the left, you have the option to select your county and find out the average roof size along with the average maximum capacity for residential solar in homes in your area. Displayed below is a summary of the costs, 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.
Knott County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Knott 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.
Knott County: $40,882US Average: $16,169
Solar Potential in Knott County
Estimated system size and solar electricity production per median viable roof in Knott County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Knott County, KY & What that Means for Your Solar Panel Pricing
The average electric bill for an electricity consumer in Knott County is 170.34 and the average number of kWh used each month per household is 1,187. Small houses, such as studios and apartments, are also factored in the numbers cited in the prior sentence.
Knott County, KY's electricity rate is 14.35¢ per kWh in November 2024.
The estimated cost for a 10 kW solar panel installation will be $0 before incentives, but after a 30% federal tax credit, the price is $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Knott County
On the left, you will find a cost breakdown for various solar panel system sizes installed in Knott County. The initial cost for bigger solar systems is larger, but they also offer more significant electricity savings and higher income tax credits.
View a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $170.34 in Knott County. For results that are customized, change the $170.34 to reflect your average electricity bill.
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 $1,225 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.67 tons a year
Equivalent to planting 352 trees a year
Equivalent to driving 18,984 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,429 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $119
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.95 tons a year
Equivalent to planting 411 trees a year
Equivalent to driving 22,148 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,634 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $136
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 10.23 tons a year
Equivalent to planting 470 trees a year
Equivalent to driving 25,313 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,838 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $153
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.5 tons a year
Equivalent to planting 528 trees a year
Equivalent to driving 28,477 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,042 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $170
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
Knott County Solar Panel Installation Incentives & Rebates | 2024
Eligible rural small businesses and agricultural operations might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Believe you fit the criteria? Confirm your eligibility with our REAP Grant eligibility tool.
Homeowners can take advantage of a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option in much of the country. Together with federal efforts, state and local programs help to support the use of solar power.
Kentucky features 6 solar rebate and incentive initiatives provided by multiple utilities 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 Knott County, KY?
If you plan living in your home longer than the solar system's payback period, installing solar panels is an smart decision in Knott County. If you install a 5 kW solar system in Knott County, KY, you might save $40,881.6 over 20 years on average, with a break even point at approximately 0 years.
The cost of not having solar panels in Knott County, KY
The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.
On average, customers in Knott County have faced 2.38 utility outages per year over the past few years. The typical duration of each outage is 488.82 minutes. When significant events such as lightning strikes, overloaded power grids, or planned maintenance occur, these time frames can become much longer.
Take a look at the component below to see the number of current electricity customers without power in Knott County.
A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.
Power Outages
Currently, 0 customers are being tracked in Knott County.
What impacts the cost of solar panels in Knott County, KY?
Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.
Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.
Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.
Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.
Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.
Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.
See what solar panels cost in other Knott County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Knott County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Knott County, KY Solar Panel Cost FAQs
In November, 2024, the typical price per watt for solar panels in Knott County, KY is $0/W. The approximate cost of a 5 kW solar panel system in Knott County, KY, after deducting federal tax credits, is $0.
Utilities and government agencies in Kentucky are currently offering 6 different rebates and incentives. Furthermore, the majority of people qualify for the 30% federal tax credit.
Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also financially beneficial. Installers frequently provide financing options and will specify them in your initial quotes.
Yes, the average 5 kW solar panel payback time in Knott County, KY is 0 years, with expected savings of $40,881.6 on electricity over 20 years.
Savings from 
Environmental Impacts 
