Cost of Solar in Louisville
Solar panels are more affordable than ever. Find out what works for your home!
Going solar in the Louisville area has become more affordable over time.
With Pink Energy, a custom solar panel system is more affordable and accessible than ever for your Louisville home. We’ll determine the cost of your new solar system by reviewing a few factors: your home’s location, your current energy consumption and your energy goals. Our solar experts take all of this into account when designing your unique solar system.
Calculating Your Solar Panel Cost
While the uniqueness of each solar system means we cannot determine an average solar system cost, you can roughly estimate the cost of solar panels for your home by reviewing your monthly electric bill. Examine how many watts are required to power your home’s appliances. We’ll develop a solar panel system that provides additional wattage for your home, setting you up to potentially use less energy from the power grid.4
The overall cost of your solar panel installation combines the cost of your solar panels with installation fees.
Your Louisville Solar Panel Installation Cost Includes The Following:
Step
1
Installation Equipment
A team will arrive at your house on installation day with your solar panels, inverters, battery, wiring, conduit, mounting racks and mounting hardware.
Step
2
A Custom-Designed Solar System
After you’ve signed the contract, our solar experts will design your system, including filing relevant permits and preparing for installation day.
Step
3
All Installation Day Procedures
On the day of installation, our team will install and test your system, carefully ensuring everything is working as intended, before cleaning up our workspace to leave your property exactly as we found it.
Cost of Solar FAQs
How much do solar panels cost in Louisville?
It depends on the number of panels required for your home’s unique needs as well as your home’s location. Pink Energy calculates the cost based on dollars per watt. Keep in mind that installation costs will factor into how much a solar panel system will be as well.
Do solar panels increase home value in Louisville?
Potentially! According to this 2018 Zillow study, homes with solar panels installed may sell by up to 4.1% more than homes without. Buyers appreciate energy-efficient homes powered by renewable energy sources!
Are solar panels a good investment in Louisville?
Solar panels are an excellent investment. Given their longevity (about 25 years), solar panels can potentially save you thousands of dollars off your electric bills over time.
How much is the federal tax credit for solar panels?
The federal solar tax credit is 26% of your total solar investment through the end of 2022. This percentage goes down to 22% through the end of 2023 and is unavailable for residential solar systems after that. Tax credits are subject to change and eligibility for federal tax credits depends on your individual and financial circumstances, so we recommend you always consult with your accountant or tax advisor to determine your eligibility.⁵
