Best Placement For Solar Panels In Ky

Federal solar tax credit.

Best placement for solar panels in ky.

While the sun is in a higher position in the sky during the summer and lower position during the winter it has an average position right in between the two seasons. While net metering used to be required by all utilities in the state that law has been scrapped in favor of regulators being able to set new rates to pay solar owners for their excess generation. Solar panel cost data kentucky 2020 updated. However it is currently near the bottom in terms of solar capacity installed ranking 44th in the nation with only enough energy to power 4 758 homes solar panel installation prices have fallen making now a good time to go green with solar power in kentucky.

Kentucky does not have a renewable portfolio standard requiring local utilities to meet a certain renewable energy percentage by a specified date. Before 2020 the net metering policy in kentucky was probably the best individual law in the state to help make home solar power here compelling. Kentucky solar power incentives tax breaks and rebates. The most significant incentive to install solar panels for homes and businesses in kentucky is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation.

Getting the placement right first time can have a huge impact on the efficiency of your system over the course of its lifetime resulting in a faster payback on your investment. As of sep 2020 the average cost of solar panels in kentucky is 2 34 per watt making a typical 6000 watt 6 kw solar system 10 398 after claiming the 26 federal solar tax credit now available. This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. One of the most important aspects of designing a solar energy system is identifying the best placement of your solar panels.