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.

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. 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. 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.

Here s how the numbers work for a kentucky solar purchase of a 5 kw rooftop solar system. Design install flip the switch. Many homes and businesses in kentucky are powered by solar panels. 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.

Solar energy has enormous potential for the people of eastern kentucky said mr. Rooftop solar could help so many people in our area get control of their rapidly rising energy bills and gain some financial security. Installing a typical 5 kw solar system should start at about 21 250. An extra 500 in tax credit on top of the 30 federal tax credit when you purchase a pv system in kentucky.

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. The main incentives for going solar in kentucky are the following. The cost of solar power has fallen 80 to 90 in the last 10 years making it accessible to so many more people.