Solar Panel Cost Guide in Paris, KY (2024 Update)
- Paris Solar Installation Cost: $24,737
- 25-Year Savings: $23,577
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Paris
Find out what the average cost of solar panels are in Paris.
While the national average of solar panels is $2.66 per watt, solar panels in Paris generally cost about 4.Because a 9.7-kW system is needed to cover the energy usage of a typical home in Paris, the average price of going solar will be about $24,737 after claiming the federal solar tax credit of 0.
The actual price you pay can go above or below the average in Paris depending on a few factors, such as the model of solar panels you choose and the solar company you hire.With typical savings of about $15,000 on electricity bills over 20 years, many homeowners in Paris find going solar has a decent ROI.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Paris
| Year | Return on Investment |
|---|---|
| 1 years | $-23,358 |
| 3 years | $-20,601 |
| 5 years | $-17,843 |
| 7 years | $-15,085 |
| 9 years | $-12,327 |
| 11 years | $-9,569 |
| 13 years | $-6,812 |
| 15 years | $-4,054 |
| 17 years | $-1,296 |
| 19 years | $1,462 |
| 21 years | $4,219 |
| 23 years | $6,977 |
| 25 years | $9,735 |
Top Solar Installers in Paris
When switching to solar energy, many homeowners prefer to go with a solar installation company since putting up solar panels yourself can be a difficult project. Solar warranties and repairs are usually included in the cost of installation when you go with a solar contractor as well, which can save you more money over time.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Paris
Factors that Affect Solar Panel Costs in Paris
The cost of installing a solar system in Paris can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Paris, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Paris, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Paris, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $8,495 | 16.3 years |
| 8 kW | $3.72 | $20,849 | $11,736 | 16.0 years |
| 10 kW | $3.65 | $25,550 | $15,181 | 15.7 years |
| 12 kW | $3.58 | $30,047 | $18,830 | 15.4 years |
| 14 kW | $3.50 | $34,339 | $22,684 | 15.1 years |
| 16 kW | $3.43 | $38,427 | $26,742 | 14.7 years |
| 18 kW | $3.36 | $42,311 | $31,005 | 14.4 years |
| 20 kW | $3.29 | $45,990 | $35,472 | 14.1 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Contract: Before signing a contract with a solar company, be sure to read it through completely 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 part breaks or malfunctions and what services you can expect from them.
- Warranty: Warranties that cover defective panels and repairs 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 indication of a good company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
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 Paris, KY Solar Cost FAQs
How much does it cost to install solar panels in Paris?
The average cost of solar panels in Paris 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 use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Paris?
On average, the lifespan of solar panels is 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.