Solar Panel Cost Guide in Hebron, KY (2024 Update)
- Hebron Solar Installation Cost: $24,703
- 25-Year Savings: $20,547
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Hebron
See how much it might cost to install solar panels in Hebron.
Although the national average of solar panels is $2.66 per watt, solar panels in Hebron typically cost around 4.To cover the typical energy usage of the average home in Hebron, most homeowners require a 9.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $24,703, or $35,325 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Hebron depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Hebron can save around $14,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hebron
| Year | Return on Investment |
|---|---|
| 1 years | $-23,509 |
| 3 years | $-21,120 |
| 5 years | $-18,730 |
| 7 years | $-16,341 |
| 9 years | $-13,952 |
| 11 years | $-11,562 |
| 13 years | $-9,173 |
| 15 years | $-6,784 |
| 17 years | $-4,395 |
| 19 years | $-2,005 |
| 21 years | $384 |
| 23 years | $2,773 |
| 25 years | $5,162 |
Top Solar Installers in Hebron
Many homeowners opt for a solar panel company since installing solar panels on your own can be a lot of work. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers in Hebron:
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 Hebron
Factors that Affect Solar Panel Costs in Hebron
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Hebron: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.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, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Hebron average.
Solar Financing Terms
Most solar companies in Hebron provide solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Hebron, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, 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 | $6,635 | 17.7 years |
| 8 kW | $3.72 | $20,849 | $9,256 | 17.3 years |
| 10 kW | $3.65 | $25,550 | $12,081 | 17.0 years |
| 12 kW | $3.58 | $30,047 | $15,110 | 16.6 years |
| 14 kW | $3.50 | $34,339 | $18,344 | 16.3 years |
| 16 kW | $3.43 | $38,427 | $21,782 | 16.0 years |
| 18 kW | $3.36 | $42,311 | $25,425 | 15.6 years |
| 20 kW | $3.29 | $45,990 | $29,272 | 15.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- 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 done and what the project timeline is.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
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 Hebron, KY Solar Cost FAQs
How much does it cost to install solar panels in Hebron?
The average cost of solar panels in Hebron 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 type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Hebron?
Solar panels aren’t free in Hebron, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power 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 house 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.