Solar Panel Cost Guide in Alexandria, KY (2024 Update)

  • Alexandria Solar Installation Cost: $24,826
  • 25-Year Savings: $18,949
  • Payback Period: 17.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Alexandria

Find out what the average cost of solar panels are in Alexandria.

In Alexandria, solar panels cost about 4 per watt on average.The average Alexandria homeowner needs a 9.7-kilowatt system, which would cost about $24,826 with the federal tax credit, or $35,501 before the 0 tax credit is applied.

Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more.With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Alexandria find going solar can pay off big.

You can click the button below to get connected with a vetted solar company in Alexandria that can help you get a more accurate cost estimate for your home.

Solar savings over time in Alexandria

Year Return on Investment
1 years $-23,632
3 years $-21,242
5 years $-18,853
7 years $-16,464
9 years $-14,075
11 years $-11,685
13 years $-9,296
15 years $-6,907
17 years $-4,518
19 years $-2,128
21 years $261
23 years $2,650
25 years $5,040

Top Solar Installers in Alexandria

When going solar, many homeowners decide to go with a solar installer since putting up solar panels yourself can be a time-consuming project. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Alexandria

Factors that Affect Solar Panel Costs in Alexandria

For many Alexandria homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Alexandria, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of solar panels in Alexandria, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Alexandria, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Alexandria, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.80 $15,943 $5,585 18.5 years
8 kW $3.72 $20,849 $7,856 18.2 years
10 kW $3.65 $25,550 $10,331 17.8 years
12 kW $3.58 $30,047 $13,010 17.4 years
14 kW $3.50 $34,339 $15,894 17.1 years
16 kW $3.43 $38,427 $18,982 16.7 years
18 kW $3.36 $42,311 $22,274 16.4 years
20 kW $3.29 $45,990 $25,771 16.0 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:

  • Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
  • Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should choose, since different companies have different panels.
  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Alexandria, KY Solar Cost FAQs

How much does it cost to install solar panels in Alexandria?

The average cost of solar panels in Alexandria is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Alexandria?

Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.

Can you sell solar power back to the grid in Alexandria?

The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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