Solar power in Frankfort, Kentucky
Frankfort Plant Board (FPB) offers its customers net metering. FPB will pay its solar customers for any excess electricity their solar systems generate at the full retail rate of electricity. However, in 2019 Kentucky adopted a new bill that will come into effect in 2020. This new bill states that Kentucky’s Public Service Commission will decide the rate at which excess generation will be created. There is no guarantee that the credit will equal the full retail rate, so the best time to go solar in Kentucky is now before the credit amount changes.
Frankfort residents can also take advantage of the federal solar tax credit. The tax credit is equal to 30% of the cost of a solar system and is applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for a year! The combination of the federal tax credit and FPB’s net metering program can provide you with great savings, but not for long! Both of these incentives are set to change at the beginning of 2020.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Frankfort to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Frankfort and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Frankfort, Kentucky in 2020 is $2.67 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Frankfort, KY is $13,350. (before claiming 26% tax credit and other rebates)
What does the cost of a real solar system look like?
Facts about installing a 7.98kW solar system in Frankfort, KY
This system would offset 100% of your energy usage if your typical monthly bill is $119, however your situation may vary so try our Frankfort solar calculator to get a result tailored to you.
Net cost of system
Cash - after 26% solar tax credit
8 Years 9 Months
Average payback time
Annual power production
levilized cost of solar energy
If you don't get solar
The forecast average utility price over the next 25 years
Cash flow graph based on cash purchase of this 7.98kW system
Life-time savings on this system over the next 25 years
(Prices shown after repayments of capital)
Average total cost of solar panel installation in Kentucky
|System Size||Cash purchase
After 26% solar tax credit
After 26% solar tax credit
Going solar in Kentucky
Check out all of the ways energy providers of Kentucky can help you be more energy efficient and save money.
The following programs are available:
Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.