Solar Panel Cost Guide in Farley, KY (2025 Update)
- Farley Solar Installation Cost: $23,586
- 25-Year Savings: $32,954
- Payback Period: 12.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Farley
Let’s have a look at the average cost of solar in Farley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Farley, the average cost of solar panels is 4 per watt.Because a 9.2-kW system is needed to cover the energy costs of a typical home in Farley, the average price of going solar will be about $23,586 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Farley homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Despite the high upfront cost, the average Farley homeowner can save about $20,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a pre-vetted solar installation company in Farley, you can click the button below.
Solar savings over time in Farley
Year | Return on Investment |
---|---|
1 years | $-22,046 |
3 years | $-18,966 |
5 years | $-15,887 |
7 years | $-12,808 |
9 years | $-9,728 |
11 years | $-6,649 |
13 years | $-3,569 |
15 years | $-490 |
17 years | $2,590 |
19 years | $5,669 |
21 years | $8,748 |
23 years | $11,828 |
25 years | $14,907 |
Top Solar Installers in Farley
Although you can install solar panels by yourself, it takes extra energy and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Farley, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Farley
Factors that Affect Solar Panel Costs in Farley
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,650. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Farley average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Farley is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,304 | 12.8 years |
8 kW | $3.72 | $20,849 | $20,814 | 12.5 years |
10 kW | $3.65 | $25,550 | $26,529 | 12.3 years |
12 kW | $3.58 | $30,047 | $32,448 | 12.0 years |
14 kW | $3.50 | $34,339 | $38,571 | 11.8 years |
16 kW | $3.43 | $38,427 | $44,899 | 11.5 years |
18 kW | $3.36 | $42,311 | $51,431 | 11.3 years |
20 kW | $3.29 | $45,990 | $58,168 | 11.0 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Farley, KY Solar Cost FAQs
How much does it cost to install solar panels in Farley?
The average cost of solar panels in Farley 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 things like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Farley?
You can’t get solar panels for free in Farley. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Farley have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility 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?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.