Solar Panels Cost $0k-$0k in Marion County, KY | December, 2024
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How much do solar panels cost in Marion County, KY in 2024?
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You'll pay $0 per watt in Marion County, KY in December, 2024 to go solar.
For every 1000 watts (1 kW) your solar system can produce, you will have to invest, on average, $0 for installation. You are able to come to this conclusion by utilizing this rate price cost per watt above. Subtracting the 30% federal tax credit, a 5 kW solar panel install in Marion County typically costs $0. It's worth noting that a bigger system may be needed to fulfill your energy demands.
By selecting your county on the left, you can find out the average roof size and the maximum capacity for solar panels on homes in your area. The following outline, below, highlights 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.
Marion County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Marion 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.
Marion County: $38,160US Average: $16,152
Solar Potential in Marion County
Estimated system size and solar electricity production per median viable roof in Marion County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Marion County, KY & What that Means for Your Solar Panel Pricing
In Marion County, energy consumers generally see an average electric bill of 159.00 each month, with an average consumption of 1,201 kWh. Small houses, including studio apartments or condos, are also included in the numbers cited in the prior sentence.
In December 2024, the average electricity rate in Marion County, KY is 13.24¢ per kWh.
Right now, a 10 kW solar installation will have an initial cost of about $0 initially, but the federal tax credit will give you back 30%, bringing the total down to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Marion County
On your left, we have provided a full pricing details for the different solar panel system sizes set up in Marion County. The larger the solar array, the larger the initial expense, but also the more considerable electricity savings and income tax credits you'll get.
In the solar panel cost calculator found down and to the right, you can examine a cost and benefit breakdown to match an average $159.00 electric bill in Marion County. For custom results, change the $159.00 to whichever your usual electricity bill is.
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 $1,138 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $95
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.58 tons a year
Equivalent to planting 348 trees a year
Equivalent to driving 18,768 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,327 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $111
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.85 tons a year
Equivalent to planting 406 trees a year
Equivalent to driving 21,896 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,517 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $126
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 10.11 tons a year
Equivalent to planting 464 trees a year
Equivalent to driving 25,025 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,707 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $142
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.37 tons a year
Equivalent to planting 522 trees a year
Equivalent to driving 28,153 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,896 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $158
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.64 tons a year
Equivalent to planting 580 trees a year
Equivalent to driving 31,281 mi less a year
Marion County Solar Panel Installation Incentives & Rebates | 2024
If you own a farm or small business in a rural area, the REAP Grant might cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.
With the accessibility of a 30% federal income tax credit, solar energy becomes a feasible solution for most homeowners, especially in various parts of the country. Alongside federal incentives, there are many state and local initiatives to encourage solar energy adoption.
Kentucky residents have access to 6 solar rebate and incentive initiatives from different 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 Marion County, KY?
Homeowners in Marion County who plan to live in their residence beyond the payback period of their solar system will find solar panels an clear choice. A 5 kW solar system in Marion County, KY could potentially save you $38,160 over the course of 20 years, with the break even point usually at 0 years.
The cost of not having solar panels in Marion County, KY
Without solar panels or another backup power source, you miss out on the earlier mentioned savings and are entirely dependent on your electric utility for electricity. Recent news has proven that full reliance on your utility company isn't always ideal.
Over the last several years, utilities in Marion County have had an average of 1.06 outages per customer annually. The average length of an outage is 115.76 minutes. In events like lightning strikes, planned maintenance, or grid management errors, this duration can extend significantly.
See the graphic below to see the number of current electricity customers without power in Marion County.
Even without a backup battery, a solar panel system could ease the strain of possible future power disruptions you may face.
Power Outages
Currently, 0 customers are being tracked in Marion County.
What impacts the cost of solar panels in Marion County, KY?
Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt reduces as the system gets larger. For most homeowners, setting up a system that can generate enough power to eliminate their entire electric bill is advantageous, providing significant savings.
Make & Model - Like many other products, there are different makes and models of solar panels on the market. Your installer’s system preferences might necessitate choosing a recommended contractor. The selection of high-quality makes and models can substantially improve the long-term experience for buyers.
Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Despite the higher price tag, these panels provide greater energy output. Most installation experts use panels made from this material.
Your Property - Each property and residence is unique. Issues such as trees, uneven landscapes, or other impediments may add to the complexity of the installation. Most solar installers now are able to utilize satellite imagery to assess your home and incorporate these factors in the initial cost estimate.
Labor Rates - Employees receive varying wages from different companies, and these costs are passed on to the consumers. Higher wages typically lead to companies getting better reviews for their work and customer service.
Permitting & Interconnection - Local permitting and utility level interconnection fees vary by area and will affect your final install price. Quality local installers will build these figures into your initial estimates to prevent any surprises.
See what solar panels cost in other Marion County cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Marion County, KY Solar Panel Cost FAQs
During December, 2024, the average price for solar panel installations in Marion County, KY is $0/W. Installing a 5 kW solar panel system in Marion County, KY will cost approximately $0 after applying the federal tax credit.
Residents of Kentucky can currently take advantage of 6 rebates and incentives offered by various utilities and government bodies. Furthermore, the majority of people qualify for the 30% federal tax credit.
Even though paying cash yields the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, homeowners in Marion County, KY generally see a payback time of 0 years for 5 kW solar panel systems, with electricity savings averaging $38,160 over a 20-year period.
Savings from 
Environmental Impacts 
