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

  • Harrodsburg Solar Installation Cost: $24,585
  • 25-Year Savings: $22,490
  • Payback Period: 16.1 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 Harrodsburg

Find out how much it might cost to install solar panels in Harrodsburg.

Although the national average of solar panels is $2.66 per watt, solar panels in Harrodsburg generally cost around 4.The average solar panel system size in Harrodsburg is around 9.6 kilowatts, meaning a cost of about $24,585 for a solar installation, or $35,157 before the 0 federal solar tax credit is applied.

The true cost of your system can go above or below the average in Harrodsburg based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.For many homeowners, the upfront cost of solar power is worth paying. On average Harrodsburg homeowners see about $15,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a top solar company in Harrodsburg for a quote for your home.

Solar savings over time in Harrodsburg

Year Return on Investment
1 years $-23,206
3 years $-20,448
5 years $-17,690
7 years $-14,933
9 years $-12,175
11 years $-9,417
13 years $-6,659
15 years $-3,901
17 years $-1,144
19 years $1,614
21 years $4,372
23 years $7,130
25 years $9,887

Top Solar Installers in Harrodsburg

Putting up solar panels on your own can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren’t sure what kind of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.

Working with a vetted solar installer can make going solar easier. Here are our recommendations:

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 Harrodsburg

Factors that Affect Solar Panel Costs in Harrodsburg

There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Harrodsburg.The type 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. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Harrodsburg average.

Solar Financing Terms

Many homeowners find the average cost of solar in Harrodsburg to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Harrodsburg, 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 $7,909 16.7 years
8 kW $3.72 $20,849 $10,954 16.4 years
10 kW $3.65 $25,550 $14,203 16.1 years
12 kW $3.58 $30,047 $17,657 15.7 years
14 kW $3.50 $34,339 $21,315 15.4 years
16 kW $3.43 $38,427 $25,178 15.1 years
18 kW $3.36 $42,311 $29,245 14.8 years
20 kW $3.29 $45,990 $33,516 14.5 years

How to Save on Solar Panels

Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Contract: Before signing a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.

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 Harrodsburg, KY Solar Cost FAQs

What is the average cost of installing solar panels in Harrodsburg?

The average cost of solar panels in Harrodsburg 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 such as the model of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Harrodsburg?

Leasing solar panels can be an appealing choice, as it typically 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 option if you want to get the most savings.

Do solar panels increase your property value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Harrodsburg is currently $194,580, which means you can expect a value of about $7,978 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Harrodsburg is a rewarding investment.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.

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