Rooftop Solar Panels Kentucky

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Rooftop solar panels kentucky.

Many homes and businesses in kentucky are powered by solar panels. More than one third of that solar energy was installed in 2016 alone suggesting that the installation rate is accelerating. The feds calculate their 30 tax credit based on actual out of pocket costs so you ll get 6 375 back as a tax credit for a new price after year 1 of 14 875. Kentucky lawmakers have placed the future of rooftop solar in the hands of state regulators changing how homeowners and small businesses receive compensation for the excess power they produce.

Solar energy has enormous potential for the people of eastern kentucky said mr. Here s how the numbers work for a kentucky solar purchase of a 5 kw rooftop solar system. The cost of solar power has fallen 80 to 90 in the last 10 years making it accessible to so many more people. A solar system that is installed on a south facing 30 degree pitch roof kentucky will generate 1 550kwh of peak dc direct current capacity per year per 1kw in kentucky.

An extra 500 in tax credit on top of the 30 federal tax credit when you purchase a pv system in kentucky. Rooftop solar could help so many people in our area get control of their rapidly rising energy bills and gain some financial security. With solar financing from rooftop solar you can start producing your own guaranteed clean energy for less than you are paying the utility companies every month for the same amount of power. Design install flip the switch.

This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. There s enough solar energy installed in kentucky to power 581 homes 6 megawatts of energy a year according to the solar energy industries association. Installing a typical 5 kw solar system should start at about 21 250.