Solar Panels Cost $0k-$0k in Marshall County, KY | November, 2024
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How much do solar panels cost in Marshall County, KY in 2024?
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You'll pay around $0/W in November, 2024 in Marshall County, KY to have solar panels.
Each 1 kW (1000 watts) of solar generation capacounty will cost you $0 for installation. We are able to come up with this number based on this rate price cost. In Marshall County, you can expect to pay about $0 for a 5 kW system after subtracting the 30% federal income tax credit. Keep in mind that a higher capacity system might be required to fully meet your energy requirements.
To the left, you can choose your county to find the average roof size and the average maximum capacity for solar panel systems on homes in your area. The following overview, 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.
Marshall County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Marshall 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.
Marshall County: $41,218US Average: $16,169
Solar Potential in Marshall County
Estimated system size and solar electricity production per median viable roof in Marshall County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Marshall County, KY & What that Means for Your Solar Panel Pricing
On average, the electric bill for a Marshall County resident is 171.74, and they use 1,267 kWh each month. It is important to note that the statistic includes apartments and smaller residences, which usually have reduced energy.
The mean rate for electricity in Marshall County, KY in November, 2024 is 13.55¢ per kWh.
At first, an 11 kW solar panel installation has a cost of $0, but after a 30% tax credit, you’re looking at a total of $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Marshall County
To the left, you'll see a detailed price breakdown of the various sizes of solar panel systems set up in Marshall County. The bigger the solar array, the larger the initial expense, but also the more substantial electricity savings and income tax credits you'll get.
The calculator below and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $171.74 in Marshall County. If you want personalized results, modify the $171.74 to your usual electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
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 6.16 tons a year
Equivalent to planting 283 trees a year
Equivalent to driving 15,246 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 7.04 tons a year
Equivalent to planting 323 trees a year
Equivalent to driving 17,424 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 7.92 tons a year
Equivalent to planting 364 trees a year
Equivalent to driving 19,602 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 8.8 tons a year
Equivalent to planting 404 trees a year
Equivalent to driving 21,780 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,246 a year
Est. Price
$0
Savings from a 11kWthis system
Est. yearly production 16,045 kWh
Est. monthly savings $172
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.89 tons a year
Equivalent to planting 408 trees a year
Equivalent to driving 22,014 mi less a year
Marshall County Solar Panel Installation Incentives & Rebates | 2024
Rural small business owners and farmers could receive REAP Grant funding covering between 80% and 100% of their solar energy or wind turbine installation costs. Think you fit this category? Confirm your qualification with our REAP Grant eligibility tool.
For those looking into residential solar, the 30% federal income tax credit is available to nearly everyone, which makes solar a sensible option in many states. In conjunction with federal efforts, state and local programs help to support the use of solar power.
A total of 6 solar rebates and incentives are available in Kentucky through different utility companies and government departments.
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 Marshall County, KY?
For homeowners in Marshall County looking to stay beyond the payback period of their solar system, solar panels are the best choice. A 5 kW solar system in Marshall County, KY could potentially save you $41,217.6 over the course of 20 years, with the break even point usually at 0 years.
The cost of not having solar panels in Marshall County, KY
The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and depend on your electric utility for electricity. The news has recently pointed out that complete dependence on your utility isn't always ideal.
Yearly, the average number of outages per customer in Marshall County is about 1.73. On average, the length of an outage is 184.21 minutes. Major events like vandalism, aging infrastructure or high winds can cause these durations to rise considerably.
View the component below to see the number of current electricity customers without power in Marshall County.
With or without a backup battery, a solar panel system could mitigate the effects of future power interruptions you might experience.
Power Outages
Currently, 0 customers are being tracked in Marshall County.
What impacts the cost of solar panels in Marshall County, KY?
Your Energy Needs - Larger solar panel systems have a larger upfront cost, but the cost per watt decreases as the system size expands. Installing a solar panel system that can replace the electric bill is useful to homeowners because of the money saved.
Make & Model - Solar panels and mounting equipment, like many other products, are available in a variety of makes and models. The brand preferences of your selected installer can make it essential to choose a highly rated company. Buyers often find that employing better quality makes and models leads to a more satisfactory long-term experience.
Solar Panel Type - It's no surprise that monocrystalline panels are now the standard in the industry. They come with a higher price, but they provide more energy. Many solar panel installers prefer this type of material.
Your Property - Elements like sloped land, trees, or additional hurdles might complicate the installation process. Solar installers currently have the ability to use satellite images to evaluate your home and incorporate these factors in the preliminary cost estimate.
Labor Rates - The different employee wages paid by companies lead to costs that consumers ultimately bearing . Companies that invest in higher wages often see higher reviews for their services and customer service.
Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reliable installers will factor these costs into your first quotes to prevent unexpected expenses.
See what solar panels cost in other Marshall County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Marshall County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Marshall County, KY Solar Panel Cost FAQs
During November, 2024, the average price for solar panel installations in Marshall County, KY is $0/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in Marshall County, KY is roughly $0.
There are 6 rebates and incentives available in Kentucky from a range of utility providers and government organizations. Furthermore, the majority of people qualify for the 30% federal tax credit.
Paying cash offers the most savings, yet there are several financing options available today for solar panels that are also advantageous. Financing options are frequently available through installers and will be specified in your initial quotes.
Yes, homeowners in Marshall County, KY generally see a payback time of 0 years for 5 kW solar panel systems, with electricity savings averaging $41,217.6 over a 20-year period.
Savings from 
Environmental Impacts 
