Solar Panels Cost $0k-$0k in Taylor County, KY | November, 2024
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How much do solar panels cost in Taylor County, KY in 2024?
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The average cost per watt for solar panels in Taylor County, KY in November, 2024 is estimated at $0/W.
For every 1000 watts (1 kW) your solar panel system can produce, you will need to spend, on average, $0 to have it installed. When you deduct the 30% federal tax credit, you will pay approximately $0, in Taylor County, for a 5 kW solar installation. A larger system may be required to adequately cover your energy consumption.
To the left, you can select your county to find the typical roof size and average maximum capacity for solar panels on homes in your area. Outlined below are the 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.
Taylor County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Taylor 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.
Taylor County: $32,210US Average: $16,169
Solar Potential in Taylor County
Estimated system size and solar electricity production per median viable roof in Taylor County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Taylor County, KY & What that Means for Your Solar Panel Pricing
The average electricity bill for a Taylor County resident is 134.21, with a monthly consumption of 1,120 kWh. Small houses, such as condos and duplexes, are also covered in the statistics cited in the preceding sentence.
The average electricity rate in Taylor County, KY in November 2024 is 11.98¢ per kWh.
At the moment, a 10 kW solar panel system will initially set you back around $0, but the 30% federal income tax credit reduces the total to $0.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Taylor County
On the left and below, there is the cost breakdown for different sizes of the solar panel systems installed in Taylor County. Although a more extensive solar installation has a larger expense, it also brings increased electricity savings and higher income tax credits.
The solar panel calculator, located below and to the right, provides a detailed cost and benefit analysis based on a typical $134.21 electric bill for Taylor County. Swap the $134.21 with your average electricity bill for 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 $1,050 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $88
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 8.41 tons a year
Equivalent to planting 386 trees a year
Equivalent to driving 20,814 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,225 a year
Est. Price
$0
Savings from a 7kWthis system
Est. yearly production 10,211 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.81 tons a year
Equivalent to planting 451 trees a year
Equivalent to driving 24,283 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,400 a year
Est. Price
$0
Savings from a 8kWthis system
Est. yearly production 11,669 kWh
Est. monthly savings $117
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 11.21 tons a year
Equivalent to planting 515 trees a year
Equivalent to driving 27,752 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,575 a year
Est. Price
$0
Savings from a 9kWthis system
Est. yearly production 13,128 kWh
Est. monthly savings $131
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.61 tons a year
Equivalent to planting 579 trees a year
Equivalent to driving 31,221 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $1,750 a year
Est. Price
$0
Savings from a 10kWthis system
Est. yearly production 14,586 kWh
Est. monthly savings $134
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.88 tons a year
Equivalent to planting 591 trees a year
Equivalent to driving 31,869 mi less a year
Taylor County Solar Panel Installation Incentives & Rebates | 2024
For rural agricultural enterprises and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Wondering about your eligibility? Use our REAP Grant eligibility tool to find out.
For residential solar projects, most people are eligible for the 30% federal income tax credit, which makes solar a practical solution in various parts of the country. State and local efforts are also in place to enhance the growth of solar energy use.
Kentucky has 6 solar rebate and incentive initiatives offered by various utilities and government organizations.
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 Taylor County, KY?
For homeowners in Taylor County expecting to remain in their homes after the payback period for solar panels, solar energy is a sensible choice. By installing a 5 kW solar system in Taylor County, KY, you can expect to save around $32,210.4 over 20 years, with the break even point generally being 0 years.
The cost of not having solar panels in Taylor County, KY
In addition to forgoing the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. As recent examples in the news have shown, total dependence on your utility provider isn't always the best idea.
Recently, the average number of utility outages per customer annually in Taylor County has been about 0.97. On average, an outage lasts 96.65 minutes. Major events such as equipment failure, earthquakes or wildlife damage can significantly extend these time frames.
Take a look at the graphic below to see the number of current electricity customers without power in Taylor County.
Having a solar panel system, regardless of whether it has a backup battery, could relieve the pressure of future outages you might face.
Power Outages
Currently, 0 customers are being tracked in Taylor County.
What impacts the cost of solar panels in Taylor County, KY?
Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt decreases as the size of the system grows. Setting up a solar panel system that can replace the electric bill is beneficial to individuals because of the savings gained.
Make & Model - There are a range of makes and models of solar panels. The preferences for brand that your contractor has may make it crucial to select a recommended contractor. For consumers seeking a better long-term experience, opting for higher quality materials is important.
Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. They are more expensive but provide more energy. Most professionals in solar installation use panels made from this material.
Your Property - Each home and property is unique in its own way. Uneven landscapes, trees, or other challenges may complicate the installation. Using satellite imagery, solar installers can currently assess your home and include these factors into the preliminary cost estimate.
Labor Rates - The different employee wages offered by companies result in costs that consumers eventually paying . Higher reviews for services and customer service are generally associated with businesses that pay higher wages.
Permitting & Interconnection - The cost of installation will be influenced by varying local permitting and utility interconnection fees. Reliable local installers will build these figures into your initial estimates to eliminate any surprises.
See what solar panels cost in other Taylor County cities
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Taylor County, KY Solar Panel Cost FAQs
In November, 2024, the average cost of solar panels per watt in Taylor County, KY is $0/W. The cost of installing a 5 kW solar panel system in Taylor County, KY is about $0post federal tax credit.
Kentucky offers 6 different rebates and incentives from a range of utilities and government organizations. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.
Opting for cash payments yields the highest savings, but there are now various financing options for solar panels that are beneficial. Installers will often provide details on financing partners in the quotes they provide initially.
Yes, the typical duration for 5 kW solar panel systems to pay back their cost in Taylor County, KY is 0 years, with electricity savings estimated at $32,210.4 over 20 years.
Savings from 
Environmental Impacts 
