Solar Panels Cost $0k-$0k in Metcalfe County, KY | November, 2024
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How much do solar panels cost in Metcalfe County, KY in 2024?
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Having solar panels installed in Metcalfe County, KY averages out to $0/W in the month of November, 2024.
Each 1 kW (1000 watts) of solar power capacounty will cost you $0 for installation. We are able to come to this conclusion in accordance with this rate price cost per watt above. After receiving the 30% federal tax credit, a 5 kW solar installation in Metcalfe County sets you back $0. It should be noted that a higher capacity system may be necessary to meet your energy demands.
To the left, you can select your county to find the typical roof size and average maximum capacity for solar panel systems on homes in your area. See below a full breakdown of the {price|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.
Metcalfe County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Metcalfe 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.
Metcalfe County: $35,117US Average: $16,169
Solar Potential in Metcalfe County
Estimated system size and solar electricity production per median viable roof in Metcalfe County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Metcalfe County, KY & What that Means for Your Solar Panel Pricing
Metcalfe County residents typically have an average monthly electric bill of 146.32 per month, with a average usage of 1,150 kWh. Smaller homes, such as micro-apartments, are also included in the data mentioned in the earlier sentence.
In November 2024, the electricity rate in Metcalfe County, KY averages 12.72¢ per kWh.
The anticipated cost for a 10 kW solar system will be $0 initially, but with a 30% federal tax credit, it drops to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Metcalfe County
Displayed on the left, you will find a cost summary for multiple solar panel system sizes installed in Metcalfe County. With larger solar systems, the price increases, but so do the electricity savings and the income tax credits you can get.
The solar panel cost calculator, positioned below and to the right, provides a cost-benefit analysis using an average $146.32 electric bill for Metcalfe County. To achieve custom results, adjust the $146.32 to match your usual electricity payment.
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 6.71 tons a year
Equivalent to planting 308 trees a year
Equivalent to driving 16,600 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 7.82 tons a year
Equivalent to planting 359 trees a year
Equivalent to driving 19,367 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 8.94 tons a year
Equivalent to planting 411 trees a year
Equivalent to driving 22,133 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 10.06 tons a year
Equivalent to planting 462 trees a year
Equivalent to driving 24,900 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 $146
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 10.33 tons a year
Equivalent to planting 474 trees a year
Equivalent to driving 25,562 mi less a year
Metcalfe County Solar Panel Installation Incentives & Rebates | 2024
Eligible rural small businesses and farms might have their photovoltaic or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. If you think you might be eligible, try our REAP Grant eligibility tool to check your qualification.
For those looking into residential solar, the 30% federal income tax credit is accessible to almost all homeowners, which makes solar a sensible option in many states. Alongside federal efforts, state and local programs help to support the use of solar power.
Residents of Kentucky can access 6 solar rebate and incentive programs from a range of 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 Metcalfe County, KY?
If you intend to own your residence longer than the solar system's payback period, solar panels are a wise investment in Metcalfe County. Installing a 5 kW solar system in Metcalfe County, KY will, on average, save you $35,116.8 over 20 years, and you can expect to break even in about 0 years.
The cost of not having solar panels in Metcalfe County, KY
Without solar panels or another energy backup source, you miss out on the savings discussed earlier and are completely dependent on your electric utility for power. Numerous recent news reports have illustrated that total reliance on your utility isn't always the best idea.
Yearly, the average number of outages per customer in Metcalfe County is about 2.07. On average, each outage lasts for 333.37 minutes. Major events like high winds, grid management errors, or construction accidents can considerably extend these durations.
View the info below to see the number of current electricity customers without power in Metcalfe County.
Having a solar panel system, with or without a backup battery, could lessen the pressure of any future outages you may encounter.
Power Outages
Currently, 0 customers are being tracked in Metcalfe County.
What impacts the cost of solar panels in Metcalfe County, KY?
Your Energy Needs - Although the initial cost is greater, the cost per watt drops with larger solar panel systems. Installing a solar panel system that can cover the electric bill is advantageous to individuals because of the reduced long-term costs.
Make & Model - Solar panels and mounting equipment are offered in a wide variety of makes and models. The installer you select may have specific brand preferences, so it's crucial to choose a highly rated company. Better equipment generally result in an better long-term experience for the buyer.
Solar Panel Type - Monocrystalline panels have become the industry standard, and for good reason. These panels have a higher cost but yield more energy. Most installers in the industry utilize panels made of this material.
Your Property - Each property and home has its own characteristics. Factors like sloped land, trees, or additional hurdles can make the installation more challenging. Most solar installers currently use satellite imagery to assess your home and factor in these elements into the first cost estimate.
Labor Rates - Employees receive varied wages from different companies, and these costs are handed down to the consumers. Companies typically receive higher reviews for their services and customer service when they pay higher wages.
Permitting & Interconnection - The cost of your installation will be influenced by the local permitting and utility interconnection fees, which change depending on the area. Quality local installers will integrate these figures into your first estimates to prevent any surprises.
See what solar panels cost in other Metcalfe County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Metcalfe County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Metcalfe County, KY Solar Panel Cost FAQs
The cost per watt for solar panels in Metcalfe County, KY during November of 2024 averages $0/W. For a 5 kW solar panel system, the total cost in Metcalfe County, KY after federal tax credits is around $0.
Homeowners in Kentucky can take advantage of 6 different rebates and incentives from a variety of utility companies and government agencies. Moreover, the 30% federal tax credit is accessible to nearly everyone.
Paying cash yields the most savings, but there are now several financing options for solar panels that are also financially beneficial. Many installers have partnerships with financing companies and will include this information in your initial quotes.
Yes, solar panels systems of 5 kW in Metcalfe County, KY typically have a payback period of 0years, with expected savings on electricity costs of $35,116.8 over 20 years.
Savings from 
Environmental Impacts 
