Solar Panels Cost 0k-0k in Trimble County, KY | November, 2024

Solar Panels Cost $0k-$0k in Trimble County, KY | November, 2024

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How much do solar panels cost in Trimble County, KY in 2024?

To get solar installed in Trimble County, KY in November, 2024 averages out to $0/W.

Using the cost per watt, we can come to the conclusion that for every 1000 watts (1 kW) of solar power capacounty will require an investment of $0 for installation. In Trimble County, when you consider the 30% federal income tax credit, a 5 kW solar system will require you to pay $0. It's worth noting that a larger system could be needed to ensure your energy needs are met.

To your left, you have the option to choose your county and find the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Displayed below is a breakdown of 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.
Trimble County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Trimble 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.
Trimble County: $38,674US Average: $16,169

Solar Potential in Trimble County

Estimated system size and solar electricity production per median viable roof in
Trimble County.

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.

Electricity Costs in Trimble County, KY & What that Means for Your Solar Panel Pricing

Trimble County residents generally have an average monthly electric bill of 161.14 per month, with an average consumption of 1,253 kWh. Apartments and small homes with less energy consumption are reflected in this number.

For November 2024, the average electricity rate in Trimble County, KY amounts to 12.86¢ per kWh.

The installation of a an 11 kW solar installation will cost around $0 upfront, but with the federal income tax credit, you can get 30% back, reducing the cost to $0.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Trimble County

Displayed on the left and below is the price breakdown for various sizes of the solar panel systems set up in Trimble County. A more extensive solar array will naturally cost more, but it will also yield higher electricity savings and increased income tax credits.

Check a cost benefit analysis in the solar panel cost calculator down and to the right, for an average electric bill of $161.14 in Trimble County. For personalized results, update the $161.14 to whichever your usual electricity bill is.

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 9.74 tons a year
  • Equivalent to planting 447 trees a year
  • Equivalent to driving 24,114 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 11.13 tons a year
  • Equivalent to planting 511 trees a year
  • Equivalent to driving 27,558 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 12.53 tons a year
  • Equivalent to planting 575 trees a year
  • Equivalent to driving 31,003 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 13.92 tons a year
  • Equivalent to planting 639 trees a year
  • Equivalent to driving 34,448 mi less a year
System Size 11kW
Roof Size Min. space required
787 ft²
Electricity Value Annual Production $2,086 a year
Est. Price
$0
Savings from a 11kWthis system
  • Est. yearly production 16,045 kWh
  • Est. monthly savings $161
  • Full payback in 0 years
Environmental Impacts
  • Reduces CO2 emissions by 14.18 tons a year
  • Equivalent to planting 651 trees a year
  • Equivalent to driving 35,098 mi less a year

Trimble County Solar Panel Installation Incentives & Rebates | 2024

The financial burden of installing photovoltaic or wind turbines for rural farmlands and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. Wondering if you fit this category? Verify your eligibility with our REAP Grant eligibility tool.

With the 30% federal income tax credit, almost everyone can benefit from residential solar, which makes it a logical option in many regions in the United States. Together with federal efforts, state and local programs help to encourage the use of solar power.

Kentucky provides 6 solar rebates and incentives from multiple utility companies and government agencies.

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 Trimble County, KY?

When you expect to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Trimble County. Over a 20 year time frame, a 5 kW solar system in Trimble County, KY could save you approximately $38,673.6, with the average break even time being 0 years.

The cost of not having solar panels in Trimble County, KY

The absence of solar panels or another backup power source results in missing out on the aforementioned savings and full dependence on your electric utility for power. Several recent examples in the news have shown that full reliance on your utility company is not always ideal.

Lately, Trimble County has seen an average of 0.99 utility outages per customer each year. On average, the length of an outage is 122.39 minutes. Major events like overloaded power grids, thunderstorms or planned maintenance can cause these durations to rise considerably.

See the component below to see the number of current electricity customers without power in Trimble County.

A solar energy system, whether it includes a backup battery or not, could help relieve the burden of future power outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Trimble County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Trimble County, KY?

Your Energy Needs - The price per watt decreases with larger solar panel systems, even though the upfront cost is greater. Most homeowners see the advantage in installing a solar setup that can generate enough power to replace their entire electric bill, ensuring significant savings.

Make & Model - Solar panels and mounting equipment are offered in a wide variety of makes and models. The brand preferences of your chosen installer can make it essential to choose a reputable company. Selecting superior quality models generally provides a more favorable long-term experience for the buyer.

Solar Panel Type - It's clear why monocrystalline panels are now the go-to choice in the industry. Although they are costlier, they generate increased energy. Many installers use panels constructed of this material.

Your Property - Uneven land, trees, or other challenges can increase the complexity of the installation. Nowadays, satellite images allow many solar installers to assess your home and incorporate these elements into the first cost estimate.

Labor Rates - The wages that companies offer their employees are different, and these expenses are ultimately reflected in consumer prices. It is common for businesses that provide higher wages to receive better reviews for their services and customer service.

Permitting & Interconnection - The cost of installation will vary depending on local 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 Trimble County cities

    Go Solar for less than your cell phone bill.

    Who are the best solar installers in Trimble County?

    YellowLite

    Cleveland, OH(216) 333-1364

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.

    Academy Energy Group

    Newburgh, IN(812) 518-2150

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Auditing of energy requirements for independent energy generation.
    • Monitoring of independent energy generation.
    • Solar systems for selling electricity back to the grid.

    Core Development Group

    (201) 825-2195

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    Solgen Power

    Pasco, WA(855) 709-1181

    Services

    • Installation of solar arrays.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.

    Solar Alliance Southeast

    Knoxville, TN(865) 309-4674

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.

    Appalachian Renewable Power Systems

    Stewart CDP, OH(740) 498-0498

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Installation of batteries for energy storage.
    • Monitoring of independent energy generation.
    • Solar systems for selling electricity back to the grid.

    Power Home Solar

    Mooresville, NC(704) 870-3670

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    Dividend Finance

    Cincinnati, OH(415) 805-7000

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.

    SunPower Corporation

    San Jose, CA(800) 786-7693

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Installation of batteries for energy storage.
    • Monitoring of independent energy generation.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    Silver Sun Solar

    Deltona, FL(407) 832-42452

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.

    Harvest Solar

    Jackson, MI(888) 907-6527

    Services

    • Installation of solar arrays.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    Entegrity

    Little Rock, AR(800) 700-1414

    Services

    • Installation of solar arrays.
    • Reparation of solar arrays.
    • Installation of batteries for energy storage.
    • Auditing of energy requirements for independent energy generation.
    • Monitoring of independent energy generation.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    City Electric Supply

    Dallas, TX(866) 634-9853

    Services

    • Installation of solar arrays.
    • Auditing of energy requirements for independent energy generation.
    • Monitoring of independent energy generation.
    • Expertise in consulting on advantageous financing for solar.

    PowerHome Solar

    Mooresville, NC(704) 870-3670

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.

    Empire Solar Group

    Salt Lake City, UT(800) 467-4562

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.

    Icon Solar

    Milford, OH(513) 396-7777

    Services

    • Installation of solar arrays.
    • Installation of batteries for energy storage.
    • Solar systems for selling electricity back to the grid.
    • Expertise in consulting on advantageous financing for solar.
    • Consulting on all things solar related.

    Trimble County, KY Solar Panel Cost FAQs

    • The cost per watt for solar panels in Trimble County, KY during November of 2024 averages $0/W. The installation of a 5 kW solar panel system in Trimble County, KY will cost about $0 after federal tax credits.

    • Utilities and government agencies in Kentucky are currently offering 6 different rebates and incentives. Additionally, the vast majority qualify for the 30% federal tax credit.

    • Paying cash offers the most savings, but there are now multiple financing options for solar panels that are also advantageous. Information about financing options will often be included in your preliminary quotes by many installers.

    • Yes, on average, 5 kW solar panels in Trimble County, KY pay for themselves in 0 years, with homeowners saving approximately $38,673.6 on electricity over 20 years.
    King Manalo
    Last Reviewed By: King Manalo
    Published: 2024-11-04