Solar Panels Cost $0k-$0k in Wolfe County, KY | November, 2024
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How much do solar panels cost in Wolfe County, KY in 2024?
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To go solar costs $0/W in Wolfe County, KY in November, 2024.
It will cost you $0, on average, for every 1000 watts (1 kW) your solar system is able to generate. In Wolfe County, you can expect to spend about $0 for a 5 kW solar installation after subtracting the 30% federal income tax credit. In accordance with your electricity usage, you could require a bigger system.
To the left, you can choose your county to see the typical roof size and the average maximum generation capacity for solar panel systems on homes in your area. You can review the costs, payback period, and 20-year average savings for a 5 kW system installed in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Wolfe County: $0US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Wolfe 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.
Wolfe County: $34,226US Average: $16,169
Solar Potential in Wolfe County
Estimated system size and solar electricity production per median viable roof in Wolfe County.
Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 13.3kkWh AC per yr.
Electricity Costs in Wolfe County, KY & What that Means for Your Solar Panel Pricing
On average, Wolfe County residents use 1,012 kWh each month, and the electric bill is 142.61. This data also include apartments and other smaller homes, which generally have lower energy demand.
The average electricity rate in Wolfe County, KY in November 2024 is 14.09¢ per kWh.
You'll spend $0 on a 9 kW setup after taking the 30% federal income tax credit into consideration.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Wolfe County
Displayed on the left, you will find a cost summary for multiple solar panel system sizes set up in Wolfe County. Larger solar installations come with a higher price, yet they also offer higher electricity savings and larger income tax credits.
The solar panel cost and benefit breakdown, shown in the calculator to the right and below, is based on an average electric bill of $142.61 in Wolfe County. Modify the $142.61 to your average bill payment for more accurate results.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,021 a year
Est. Price
$0
Savings from a 5kWthis system
Est. yearly production 7,293 kWh
Est. monthly savings $85
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 7.6 tons a year
Equivalent to planting 349 trees a year
Equivalent to driving 18,807 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,225 a year
Est. Price
$0
Savings from a 6kWthis system
Est. yearly production 8,752 kWh
Est. monthly savings $102
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 9.12 tons a year
Equivalent to planting 419 trees a year
Equivalent to driving 22,569 mi less a year
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 10.64 tons a year
Equivalent to planting 489 trees a year
Equivalent to driving 26,330 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 12.16 tons a year
Equivalent to planting 558 trees a year
Equivalent to driving 30,092 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 $143
Full payback in 0 years
Environmental Impacts
Reduces CO2 emissions by 12.77 tons a year
Equivalent to planting 587 trees a year
Equivalent to driving 31,608 mi less a year
Wolfe County Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant is designed to assist rural agricultural enterprises and small businesses by covering 80% to 100% of the costs associated with photovoltaic or wind turbine installations. Not sure if you are eligible? Use our REAP Grant eligibility tool to check.
A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a practical choice in various regions in the United States. State and local efforts are also in place to further drive the growth of solar energy use.
In Kentucky, 6 solar rebates and incentives are currently available from various utilities and government bodies.
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 Wolfe County, KY?
If you intend to own your residence longer than the solar system's payback period, solar panels are a good investment in Wolfe County. Having a 5 kW solar system in Wolfe County, KY can potentially save you around $34,226.4 over a span of 20 years, with an average break even point of 0 years.
The cost of not having solar panels in Wolfe County, KY
The absence of solar panels or another backup power source means missing out on the previously highlighted savings and full dependence on your electric utility for power. Recent news examples have shown that full reliance on your utility provider is not always ideal.
In recent years, customers in Kentucky have faced an average of 1.51 utility outages each year. Outages typically last for an average of 202.98 minutes. Major occurrences like grid management errors, heavy rain and flooding or vandalism can lead to a significant rise in these time frames.
View the graphic below to see the number of current electricity customers without power in Wolfe County.
Whether it includes a backup battery or not, a solar panel system could ease the inconvenience of any future power interruptions you may encounter.
Power Outages
Currently, 0 customers are being tracked in Wolfe County.
What impacts the cost of solar panels in Wolfe County, KY?
Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt lowers as the system size increases. It is often useful for homeowners to set up a solar system that can make enough electricity to completely replace their electric bill, which results in substantial savings.
Make & Model - Solar panels and mounting equipment, similar to many other products, are available in a variety of makes and models. Your installer’s potential brand preferences make it more important to pick a highly rated contractor. Consumers who choose superior makes and models generally enjoy a superior long-term experience.
Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. These panels are more expensive but produce more energy. The majority of installers in the industry use panels crafted from this material.
Your Property - No two homes or properties are the same. Elements such as trees, sloping terrain, or additional challenges might complicate the installation process. These days, solar installers typically leverage satellite images to evaluate your home and factor in these considerations into the preliminary cost estimate.
Labor Rates - Different companies have varied pay scales for their employees, and these costs are eventually passed on to consumers. Higher wages typically lead to businesses getting better reviews for their work and customer service.
Permitting & Interconnection - Your final installation cost will be impacted by local permitting and utility interconnection fees, which vary by area. Reliable installers will factor these costs into your initial quotes to prevent unexpected expenses.
See what solar panels cost in other Wolfe County cities
Go Solar for less than your cell phone bill.
Who are the best solar installers in Wolfe County?
Solar systems for selling electricity back to the grid.
Consulting on all things solar related.
Wolfe County, KY Solar Panel Cost FAQs
In Wolfe County, KY, the mean cost per watt for solar panels as recorded in November, 2024 is $0/W. A 5 kW solar panel system will cost you around $0 in Wolfe County, KY after the federal tax credit is applied.
Various utility providers and government organizations in Kentucky are offering 6 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.
Paying in cash provides the highest savings, but there are several financing options available today for solar panels that are also cost-effective. Financing options are frequently available through installers and will be detailed in your initial quotes.
Yes, the average time to recoup the cost of 5 kW solar panels in Wolfe County, KY is 0 years, with homeowners saving an average of $34,226.4 on electricity over 20 years.
Savings from 
Environmental Impacts 
