Solar Panel Cost Guide in Walton, KY (2024 Update)
- Walton Solar Installation Cost: $24,731
- 25-Year Savings: $20,530
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Walton
We break down average solar pricing in Walton.
The average cost of a solar system in Walton is 4 per watt.The average Walton homeowner needs a 9.7-kilowatt system, which would cost about $24,731 with the federal tax credit, or $35,365 before the 0 tax credit is applied.
These figures are only estimates, and how much solar costs for you will differ based on factors unique to your home and what company you want to go with.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $14,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Walton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Walton
| Year | Return on Investment |
|---|---|
| 1 years | $-23,536 |
| 3 years | $-21,147 |
| 5 years | $-18,757 |
| 7 years | $-16,368 |
| 9 years | $-13,979 |
| 11 years | $-11,590 |
| 13 years | $-9,200 |
| 15 years | $-6,811 |
| 17 years | $-4,422 |
| 19 years | $-2,032 |
| 21 years | $357 |
| 23 years | $2,746 |
| 25 years | $5,135 |
Top Solar Installers in Walton
When going solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a difficult project. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you're looking for a solar company in Walton, the EcoWatch team has compiled a list of our top suggestions here:
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 Walton
Factors that Affect Solar Panel Costs in Walton
The cost of installing a solar system in Walton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,650.There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Walton have solar loans, which reduce your upfront costs of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Walton is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different price points.The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better 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 down to compete with bigger 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 | $6,611 | 17.7 years |
| 8 kW | $3.72 | $20,849 | $9,223 | 17.3 years |
| 10 kW | $3.65 | $25,550 | $12,040 | 17.0 years |
| 12 kW | $3.58 | $30,047 | $15,061 | 16.7 years |
| 14 kW | $3.50 | $34,339 | $18,286 | 16.3 years |
| 16 kW | $3.43 | $38,427 | $21,716 | 16.0 years |
| 18 kW | $3.36 | $42,311 | $25,351 | 15.6 years |
| 20 kW | $3.29 | $45,990 | $29,189 | 15.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
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 Walton, KY Solar Cost FAQs
What is the average cost of installing solar panels in Walton?
The average cost of solar panels in Walton is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Walton?
Solar panels aren’t free in Walton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $751.79 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.