Solar Panels Cost $0k-$0k in Leslie County, KY | November, 2024
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How much do solar panels cost in Leslie County, KY in 2024?
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Going solar is $0 per watt in November, 2024 in Leslie County, KY.
Each 1 kW (1000 watts) of solar power capacounty will require an investment of $0 for installation. In Leslie County, the price of a 5 kW solar installation is typically $0, after you subtract 30% federal tax credit. A higher capacity system may be needed to adequately cover your energy needs.
To the left,choose your area to view the typical roof size and the average maximum capacity of solar panels for homes in your county. Shown below is a summary of the price, 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.
Leslie County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Leslie 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.
Leslie County: $40,219US Average: $16,169
Solar Potential in Leslie County
Estimated system size and solar electricity production per median viable roof in Leslie County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Leslie County, KY & What that Means for Your Solar Panel Pricing
In Leslie County, energy consumers usually spend 167.58 on their electric bill each month, consuming 1,184 kWh on average. This data account for apartments and other smaller living spaces with reduced energy consumption.
The rate of electricity in Leslie County, KY, on average, is 14.15¢ per kWh in November 2024.
The upfront cost for a 10 kW solar installation amounts to $0, but after a 30% tax credit, your total comes down to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Leslie County
Displayed on the left and below is the pricing structure for various sizes of solar panel systems installed in Leslie County. The investment for a bigger solar panel setup is greater, but it also yields greater electricity savings and more substantial income tax credits.
The solar panel cost calculator, situated down and to the right, offers a breakdown of costs and benefits using an average $167.58 electric bill for Leslie County. Easily replace the $167.58 with your usual electricity bill amount to see more accurate 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 $1,225 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 7.76 tons a year
Equivalent to planting 356 trees a year
Equivalent to driving 19,210 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 9.05 tons a year
Equivalent to planting 416 trees a year
Equivalent to driving 22,412 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 10.35 tons a year
Equivalent to planting 475 trees a year
Equivalent to driving 25,614 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 11.64 tons a year
Equivalent to planting 535 trees a year
Equivalent to driving 28,816 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 $168
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
Leslie 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 or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.
Nearly all homeowners can benefit from the federal 30% income tax credit for solar panels, which renders switching to solar energy a practical choice in many regions of the U.S. Furthermore, numerous state and local programs aim to promote further adoption of solar energy.
There are 6 solar incentive and rebate initiatives in Kentucky, provided by various utilities and governmental 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 Leslie County, KY?
For homeowners in Leslie County who intend to stay in their residence beyond the solar payback period, solar panels make an good investment. If you install a 5 kW solar system in Leslie County, KY, you might save $40,219.2 over 20 years on average, with a break even point at roughly 0 years.
The cost of not having solar panels in Leslie 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. Several recent news reports have illustrated that total reliance on your utility is not always ideal.
Lately, the average number of utility outages per customer annually in Leslie County has been about 2.04. Outages generally last for an average of 300.83 minutes. During major occurrences like aging infrastructure, thunderstorms or vandalism, these times can extend significantly.
See the info below to see the number of current electricity customers without power in Leslie County.
Even if it is without a backup battery, a solar panel system can reduce the stress of possible future outages.
Power Outages
Currently, 0 customers are being tracked in Leslie County.
What impacts the cost of solar panels in Leslie County, KY?
Your Energy Needs - The upfront cost for larger solar panel systems is higher, but the cost per watt reduces as the system size expands. A lot of people find it useful to install a solar energy system that can replace their entire electric bill. This ensures optimal savings.
Make & Model - Similar to other industries, the solar energy sector includes a range of solar panel brands and designs. The system preferences of your chosen installer can make it important to pick a highly rated company. The use of high-quality models can greatly better the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and for valid reasons. They are associated with a higher price, but they produce more energy. Most solar panel installers opt for this type of material.
Your Property - Every property and home is distinct. Sloping terrain, trees, or other barriers can make the installation more difficult. Currently, many solar installers are able to utilize satellite images to evaluate your home and incorporate these aspects for the first cost estimate.
Labor Rates - The wages that companies give their employees vary, and these expenses are eventually passed on in consumer prices. Businesses typically receive higher reviews for their work and customer service when they pay higher wages.
Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.
See what solar panels cost in other Leslie County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Leslie County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Leslie County, KY Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Leslie County, KY is $0/W. For a 5 kW solar panel system, the total cost in Leslie 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. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Opting to pay in cash provides the highest savings, but there are now numerous financing options for solar panels that make financial sense. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, in Leslie County, KY, the average payback period for 5 kW solar panels is 0 years, resulting in average electricity savings of $40,219.2 over 20 years.
Savings from 
Environmental Impacts 
