Rooftop Solar Panels Kentucky

The feds calculate their 30 tax credit based on actual out of pocket costs so you ll get 6 375 back as a tax credit for a new price after year 1 of 14 875.

Rooftop solar panels kentucky.

The cost of solar power has fallen 80 to 90 in the last 10 years making it accessible to so many more people. The main incentives for going solar in kentucky are the following. More than one third of that solar energy was installed in 2016 alone suggesting that the installation rate is accelerating. A solar system that is installed on a south facing 30 degree pitch roof kentucky will generate 1 550kwh of peak dc direct current capacity per year per 1kw in kentucky.

Here s how the numbers work for a kentucky solar purchase of a 5 kw rooftop solar system. Enter your details into the solar panel calculator to see how your location roof tilt and roof direction impacts solar panel production. Solar energy has enormous potential for the people of eastern kentucky said mr. Kentucky lawmakers have placed the future of rooftop solar in the hands of state regulators changing how homeowners and small businesses receive compensation for the excess power they produce.

There s enough solar energy installed in kentucky to power 581 homes 6 megawatts of energy a year according to the solar energy industries association. With solar financing from rooftop solar you can start producing your own guaranteed clean energy for less than you are paying the utility companies every month for the same amount of power. Design install flip the switch. As of sep 2020 the average cost of solar panels in kentucky is 2 34 per watt making a typical 6000 watt 6 kw solar system 10 398 after claiming the 26 federal solar tax credit now available.

Rooftop solar could help so many people in our area get control of their rapidly rising energy bills and gain some financial security. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. A favorable net metering policy that requires utilities to give you full credit for any surplus production from you solar pv system.