Solar Energy Rebates Kentucky

Installing a typical 5 kw solar system should start at about 21 250.

Solar energy rebates kentucky. Unfortunately kentucky does not offer a state income tax credit. Solar power rebates are incentives federal or state governments offer to reduce the cost of going solar. 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 energy articles news.

Rebates are generally available for a limited time and end once a certain amount of solar has been installed. 6am to 6pm and sat. Although there is room for improvement in the realm of solar incentives kentucky does have a great net metering policy that gives customers a credit on their utility bill for the full retail value of each excess kwh their solar system produces. Solar renewable energy certificates srecs legislation in some states requires utilities to generate a certain percentage of their electricity from solar power.

Therefore the main incentives for solar power in kentucky are the 500 tax credit and a favorable net metering policy. Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage. This can be a definite benefit when trying to bring a solar energy system online and makes it easier for a solar power system to make financial sense. Kentucky is a grid parity state making solar power cheaper than the residential utility rates.

Here s how the numbers work for a kentucky solar purchase of a 5 kw rooftop solar system. Kentucky offers state solar rebates. Kentucky solar power overview. Rebates can help to further reduce your system costs by 10 to 20 percent.

Currently kentucky has 11 financial incentive programs and 3 regulatory programs supporting the adoption of solar energy. Mi dte energy solar currents utility rebate program. Mi detroit public lighting department residential energy wise utility rebate program. 8am to 5pm pst.

If you re lucky enough to enjoy the low utility fees prevalent in kentucky you can save even more money while saving the planet by taking advantage of some of the financial incentives for solar power available to state residents. Kentucky does not have a renewable portfolio standard requiring local utilities to meet a certain renewable energy percentage by a specified date. Electricity is just so cheap in kentucky right now a solar system for you home isn t a good investment unless the environmental benefits are worth at least 3 946 to you. These are the solar rebates and solar tax credits currently available in kentucky according to the database of state incentives for renewable energy website.

Kansas energy grants rebates loans incentives. Kentucky residents don t have access to as many solar incentives as residents in other states. Energy costs in kentucky are about 3 5 cents per kilowatt hour less than the national average largely because of the state s vast coal reserves.