Solar Panels Cost $0k-$0k in Lee County, KY | November, 2024
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How much do solar panels cost in Lee County, KY in 2024?
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To go solar in Lee County, KY in November, 2024 is around $0/W.
As a result of this price, we can conclude that for every 1 kW (1000 watts) your system can produce you will have to invest $0 to get your solar system installed. In Lee County, after the 30% federal income tax credit, a 5 kW system will cost you $0. A 5kW system may not be large enough to fulfill your energy needs.
Select your county from the menu on the left to view the typical roof size and maximum solar panel capacity for homes in your area. Additionally, you can also see a breakdown of the costs, payback period and 20 year average savings for a 5 kW system in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Lee County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Lee 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.
Lee County: $38,983US Average: $16,169
Solar Potential in Lee County
Estimated system size and solar electricity production per median viable roof in Lee County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Lee County, KY & What that Means for Your Solar Panel Pricing
Energy consumers in Lee County pay an average of 162.43 per month for electricity, consuming 1,184 kWh on average. Petite homes, such as bungalows and apartments, are also part of the numbers cited in the former sentence.
The electricity rate per kWh in Lee County, KY for November 2024 is on average 13.71¢.
Currently, a 10 kW solar system costs $0 after deducting the 30% federal income tax credit.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Lee County
To the left side and below, you will see the cost summary for various sizes of solar panel systems set up in Lee County. With bigger solar systems, the price increases, but so do the electricity savings and the income tax credits you can gain.
The solar panel cost calculator down and to the right analyzes costs and benefits, based on an average $162.43 electric bill in Lee County If you want customized results, change the $162.43 to your typical electricity bill amount.
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 8.05 tons a year
Equivalent to planting 370 trees a year
Equivalent to driving 19,922 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 9.39 tons a year
Equivalent to planting 431 trees a year
Equivalent to driving 23,242 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 10.73 tons a year
Equivalent to planting 493 trees a year
Equivalent to driving 26,563 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 12.07 tons a year
Equivalent to planting 554 trees a year
Equivalent to driving 29,883 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 $162
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
Lee 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 solar energy or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.
For those considering residential solar, the 30% federal income tax credit is offered to almost all homeowners, making solar power a good investment in numerous parts of the country. There are also a number of state and local efforts aimed at enhancing solar energy use.
In Kentucky, 6 solar rebates and incentives are currently available from different utilities and government agencies.
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 Lee County, KY?
If you're planning to reside in your home past the solar system's payback period, solar panels are a smart decision in Lee County. Having a 5 kW solar system in Lee County, KY can potentially save you approximately $38,983.2 over a span of 20 years, with an average break even point of 0 years.
The cost of not having solar panels in Lee County, KY
In addition to missing out on the savings mentioned above, not having solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As shown by recent news stories, complete dependence on your utility company isn't always ideal.
Lately, customers in Lee County have experienced an average of 1.22 utility outages each year. The average length of an outage is 153.43 minutes. However, during significant events such as tornadoes, construction accidents, or grid management errors, this duration can grow considerably.
View the info below to see the number of current electricity customers without power in Lee County.
A solar panel system, with or without a backup battery, could mitigate the effects of future outages you might face.
Power Outages
Currently, 0 customers are being tracked in Lee County.
What impacts the cost of solar panels in Lee County, KY?
Your Energy Needs - The cost per watt declines with larger solar panel systems, even if the upfront cost is larger. Consumers often discover that setting up a solar system that can replace their entire electric bill is useful, resulting in significant savings.
Make & Model - Just like any other product, solar panels are available in a range of makes and models. The installer’s preference for brand makes it important to select a highly rated contractor. Superior equipment generally provide an better long-term experience for the buyer.
Solar Panel Type - Monocrystalline panels are generally accepted as the industry standard, and for valid reasons. They are pricier but produce more energy. Many professionals in solar installation utilize panels constructed from this material.
Your Property - Elements such as rough terrain, trees, or additional considerations might complicate the installation process. Solar installers now have the ability to use satellite images to evaluate your home and include these factors in the first cost estimate.
Labor Rates - Companies pay varying pay rates to their employees, which are then reflected in the prices consumers pay. It is frequently observed that companies with higher wages get superior reviews for their services and customer service.
Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. Quality local installers will include these figures in your preliminary estimates to provide transparency.
See what solar panels cost in other Lee County cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Lee County, KY Solar Panel Cost FAQs
As recorded in November, 2024, the standard cost for solar panel installations in Lee County, KY is $0/W. For a 5 kW solar panel system, the total cost in Lee County, KY after federal tax credits is around $0.
Various utility providers and government organizations in Kentucky are offering 6 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.
Cash payments yield the highest savings, yet numerous financing options now available for solar panels are financially beneficial as well. Your preliminary quotes will usually include financing options available through installers.
Yes, on average, 5 kW solar panels in Lee County, KY pay for themselves in 0 years, with homeowners saving approximately $38,983.2 on electricity over 20 years.
Savings from 
Environmental Impacts 
