Solar Panels Cost $0k-$0k in Pendleton County, KY | December, 2024
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How much do solar panels cost in Pendleton County, KY in 2024?
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To go solar is approximately $0/W in Pendleton County, KY in December, 2024.
Applying the cost per watt, you are able to come to the conclusion that for every 1000 watts (1 kW) your solar panel system can generate, you will need to invest $0 to have it installed. In Pendleton County, a 5 kW solar panel install will set you back, on average, $0 after the 30% federal income tax credit. Please consider, a 5kW system might not be sufficient to ensure your energy needs are met.
To your left, you have the option to select your county and view the typical roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see 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.
Pendleton County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Pendleton 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.
Pendleton County: $36,674US Average: $16,152
Solar Potential in Pendleton County
Estimated system size and solar electricity production per median viable roof in Pendleton County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Pendleton County, KY & What that Means for Your Solar Panel Pricing
The average electricity usage in Pendleton County is 1,207 kWh per month, resulting in a 152.81 monthly electric bill average. This figure also encompasses the energy needs of apartments and smaller homes.
The electricity rate per kWh in Pendleton County, KY for December 2024 is on average 12.66¢.
Upfront, a 10 kW solar panel installation will cost around $0, after a 30% federal tax credit, the total comes down to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Pendleton County
On the left side below, the cost breakdown for multiple sizes of solar panel systems set up in Pendleton County is displayed. As expected, with a larger solar system, you will have a higher upfront cost, but the advantages are greater energy savings and greater income tax credits.
Refer to the solar panel cost calculator to the right and below to see the cost and benefit details derived from an average $152.81 electric bill in Pendleton County. Simply replace the $152.81 with your usual electricity bill amount to see more specific 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 $1,138 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 7.73 tons a year
Equivalent to planting 355 trees a year
Equivalent to driving 19,130 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 9.02 tons a year
Equivalent to planting 414 trees a year
Equivalent to driving 22,318 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 10.3 tons a year
Equivalent to planting 473 trees a year
Equivalent to driving 25,506 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 11.59 tons a year
Equivalent to planting 532 trees a year
Equivalent to driving 28,694 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 $153
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.47 tons a year
Equivalent to planting 573 trees a year
Equivalent to driving 30,870 mi less a year
Pendleton County Solar Panel Installation Incentives & Rebates | 2024
For rural small businesses and agricultural properties, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. If you think you might qualify, we suggest trying our REAP Grant eligibility tool to check.
For those looking into residential solar, the 30% federal income tax credit is available to most people, which makes solar a feasible option in many states. State and local governments have various programs to promote the switch to solar energy.
Kentucky has 6 solar rebate and incentive initiatives offered by various 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 Pendleton County, KY?
For those expecting to remain in their homes after the solar system's payback period, installing solar panels is a smart choice in Pendleton County. By installing a 5 kW solar system in Pendleton County, KY, you can expect to save approximately $36,674.4 over 20 years, with the break even point typically being 0 years.
The cost of not having solar panels in Pendleton County, KY
Failing to have solar panels or an alternative backup energy means missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. Recent media coverage has demonstrated that complete reliance on your utility is not always ideal.
In recent times, the average number of utility outages per customer annually in Pendleton County has been about 1.07. On average, an outage lasts 120.37 minutes. When major events such as tornadoes, construction accidents, or aging infrastructure occur, these durations can increase significantly
Take a look at the graphic below to see the number of current electricity customers without power in Pendleton County.
A solar energy system could help mitigate the effects of future outages, with or without a backup battery.
Power Outages
Currently, 0 customers are being tracked in Pendleton County.
What impacts the cost of solar panels in Pendleton County, KY?
Your Energy Needs - Larger solar panel systems have a higher upfront cost, but the cost per watt diminishes. Setting up a solar system that makes sufficient electricity to offset their electric bill is useful to most individuals, resulting in savings.
Make & Model - Solar panels and mounting equipment are offered in a variety of makes and models. Considering the brand preferences that your installer may have, it's crucial to choose a highly rated contractor. To ensure a more favorable long-term experience, buyers should consider higher quality materials.
Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and it's not hard to see why. These panels have a higher cost but offer a higher energy efficiency. Many installers in the industry use panels constructed of this material.
Your Property - No two properties or homes are the same. Trees, sloped land, or additional considerations can make the installation process more challenging. These days, satellite images allow the majority of solar installers to assess your home and factor in these considerations into the preliminary cost estimate.
Labor Rates - The wages that companies pay their employees are different, and these costs are inevitably shown in consumer prices. Businesses paying more to their employees often get higher reviews for their work and customer service.
Permitting & Interconnection - Your installation cost will be influenced by area-specific permitting and utility interconnection fees. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.
See what solar panels cost in other Pendleton County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Pendleton County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Pendleton County, KY Solar Panel Cost FAQs
As of December, 2024, the average per-watt cost for solar panels in Pendleton County, KY is $0/W. Post federal tax credit, a 5 kW solar panel system installation in Pendleton County, KY will roughly cost $0.
If you live in Kentucky, you can find 6 rebates and incentives through different utilities and government agencies. On top of that, nearly everyone can qualify for the 30% federal tax credit.
Even though paying cash yields the best savings, there are now numerous financing options for solar panels that are also advantageous. Financing options are frequently available through installers and will be included in your initial quotes.
Yes, in Pendleton County, KY, the average payback period for 5 kW solar panels is 0 years, resulting in average electricity savings of $36,674.4 over 20 years.
Savings from 
Environmental Impacts 
