Solar Panel Cost Guide in Campbellsville, KY (2024 Update)
- Campbellsville Solar Installation Cost: $24,439
- 25-Year Savings: $22,982
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Campbellsville
Find out how much it might cost to switch to solar power in Campbellsville.
The average cost of solar panels in Campbellsville is 4 per watt.Using this figure, a typical 9.6-kW system would cost about $24,439 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you want to go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Campbellsville can save around $15,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Campbellsville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Campbellsville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,060 |
| 3 years | $-20,302 |
| 5 years | $-17,544 |
| 7 years | $-14,787 |
| 9 years | $-12,029 |
| 11 years | $-9,271 |
| 13 years | $-6,513 |
| 15 years | $-3,756 |
| 17 years | $-998 |
| 19 years | $1,760 |
| 21 years | $4,518 |
| 23 years | $7,276 |
| 25 years | $10,033 |
Top Solar Installers in Campbellsville
When switching to solar energy, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a difficult project. Some solar companies, particularly local ones, can help you better understand incentives in Campbellsville, therefore optimizing your ROI.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Campbellsville
Factors that Affect Solar Panel Costs in Campbellsville
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Campbellsville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,650 per kilowatt in Campbellsville.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Campbellsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Campbellsville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Although solar loans make going solar more accessible for Campbellsville homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Campbellsville is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $8,301 | 16.4 years |
| 8 kW | $3.72 | $20,849 | $11,477 | 16.1 years |
| 10 kW | $3.65 | $25,550 | $14,857 | 15.8 years |
| 12 kW | $3.58 | $30,047 | $18,441 | 15.5 years |
| 14 kW | $3.50 | $34,339 | $22,230 | 15.2 years |
| 16 kW | $3.43 | $38,427 | $26,224 | 14.9 years |
| 18 kW | $3.36 | $42,311 | $30,422 | 14.5 years |
| 20 kW | $3.29 | $45,990 | $34,824 | 14.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Campbellsville, KY Solar Cost FAQs
How much does it cost to install solar panels in Campbellsville?
The average cost of solar panels in Campbellsville 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Campbellsville?
Leasing solar panels can be an appealing choice, because it often 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Campbellsville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.