Solar Panels Cost $0k-$0k in Lawrence County, KY | November, 2024
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How much do solar panels cost in Lawrence County, KY in 2024?
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In Lawrence County, KY, the price per watt for solar panel installations is around $0/W in November, 2024.
It will cost $0, on average, for every 1000 watts (1 kW) of capacounty that your solar panels have. When you consider the 30% federal tax credit, you will pay approximately $0 for a 5 kW solar installation in Lawrence County. Keep in mind that a higher capacity system may be needed to meet your energy requirements.
Use the left-hand menu to select your area and see the typical roof size and the maximum capacity for residential solar on homes in your county. Below, you can see a complete outline 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.
Lawrence County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lawrence 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.
Lawrence County: $40,908US Average: $16,169
Solar Potential in Lawrence County
Estimated system size and solar electricity production per median viable roof in Lawrence County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Lawrence County, KY & What that Means for Your Solar Panel Pricing
For Lawrence County residents, the average monthly kWh usage is 1,158, with an average electric bill of 170.45. Apartments and compact residences with typically lower energy needs are included in this data.
As of November 2024, the average rate for electricity per kWh in Lawrence County, KY amounts to 14.72¢.
You'll spend $0 on a 10 kW solar panel installation 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 Lawrence County
On your left, we've provided a full pricing details for the different solar panel system sizes installed in Lawrence County. The initial cost for larger solar systems is larger, but they also offer higher electricity savings and more substantial income tax credits.
In the calculator located down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $170.45 electric bill for Lawrence County. Adjust the $170.45 to your average bill payment for personalized results.
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 $1,313 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $109
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 6.23 tons a year
Equivalent to planting 286 trees a year
Equivalent to driving 15,430 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,532 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $128
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.27 tons a year
Equivalent to planting 334 trees a year
Equivalent to driving 18,002 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,750 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $146
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.31 tons a year
Equivalent to planting 382 trees a year
Equivalent to driving 20,573 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,969 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $164
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.35 tons a year
Equivalent to planting 429 trees a year
Equivalent to driving 23,145 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,188 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 9.69 tons a year
Equivalent to planting 445 trees a year
Equivalent to driving 23,978 mi less a year
Lawrence County Solar Panel Installation Incentives & Rebates | 2024
Eligible rural small businesses and farmlands might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Unsure if you're eligible? Verify your status with our REAP Grant eligibility tool.
Homeowners can benefit from a 30% federal income tax credit for adding residential solar panels, which makes solar power a feasible option throughout much of the country. Additionally, there are various state and local incentives to further push for the adoption of solar energy.
There are 6 solar incentive and rebate programs in Kentucky, available by different utilities and governmental bodies.
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 Lawrence County, KY?
If your goal is to maintain your home well past the payback period of your solar system, solar panels are an obvious choice in Lawrence County. Having a 5 kW solar system in Lawrence County, KY can potentially save you roughly $40,908 over a span of 20 years, with an average break even point of 0 years.
The cost of not having solar panels in Lawrence County, KY
Without solar panels or another backup power source, you lose out on the previously noted savings and are entirely dependent on your electric utility for electricity. As recent news articles have pointed out, total reliance on your utility provider isn't always ideal.
Each year, customers in Lawrence County have dealt with approximately 2.33 utility outages.Each year, customers in Lawrence County have dealt with approximately 2.33 utility outages. On average, an outage lasts 439.94 minutes. When major events such as wildfires, wildlife damage, or grid management errors occur, these durations can increase significantly
Take a look at the component below to see the number of current electricity customers without power in Lawrence County.
Regardless of whether a backup battery is present, a solar panel system could reduce the impact of future power outages you might experience.
Power Outages
Currently, 0 customers are being tracked in Lawrence County.
What impacts the cost of solar panels in Lawrence County, KY?
Your Energy Needs - When opting for larger solar panel systems, the overall expense is larger; however, the cost per watt diminishes with an increase in system size. Setting up a solar panel system that can cover the electric bill is useful to consumers because of the reduced long-term costs.
Make & Model - There are a range of makes and models of solar panels and mounting equipment. Because the installer you select might have specific system preferences, selecting a highly rated contractor is even more important. The employment of high-quality materials is probably will yield a more positive long-term experience for buyers.
Solar Panel Type - It's not surprising that monocrystalline panels are now the industry standard. They are associated with a higher price, but they provide more energy. Most solar panel installers choose this kind of material.
Your Property - Things like trees, sloping terrain, or other impediments may cause the installation to be more challenging. By using satellite imagery, solar installers can now assess your home and factor in these factors into the first cost estimate.
Labor Rates - The varying wages that companies offer their employees lead to costs that are inevitably passed on to consumers. Companies often garner higher reviews for their services and customer service when they pay higher wages.
Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will impact your installation cost. Experienced local installers will include these figures in your initial estimates to ensure transparency.
See what solar panels cost in other Lawrence County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Lawrence County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Lawrence County, KY Solar Panel Cost FAQs
As recorded in November, 2024, the standard cost for solar panel installations in Lawrence County, KY is $0/W. The approximate cost of a 5 kW solar panel system in Lawrence County, KY, after deducting federal tax credits, is $0.
If you live in Kentucky, you can find 6 rebates and incentives through different utilities and government agencies. Also, nearly everyone can take advantage of the 30% federal tax credit.
While paying cash ensures the greatest savings, there are now numerous financing options for solar panels that are also cost-effective. Initial quotes from installers will frequently contain information about available financing options.
Yes, homeowners in Lawrence County, KY generally see a payback time of 0 years for 5 kW solar panel systems, with electricity savings averaging $40,908 over a 20-year period.
Savings from 
Environmental Impacts 
