Footing the bill for lower utility costs is a bad thing?
It's going to be years before you see actual savings because of the upfront cost.
Solar power in Kentucky has been growing in recent years due to new technological improvements and a variety of regulatory actions and financial incentives, particularly
a 30% federal tax credit
Kentucky offers state tax credits for renewable energy systems installed after Jan. 1, 2009. For most of these systems, such as passive solar hot water heating, or wind energy, the rebate covers up to 30 percent of the installation fees, for any amount up to $500. For photovoltaic systems, the rebate works a bit differently, and is calculated at $3.00 for each watt of direct current of the rated capacity of the system.
The average solar energy system size in the U.S is approximately 5 kilowatts (kW). Based on the average price of $3.36/watt, a 5kW system would cost $11,760 after tax credits. Below are some average 2015 quotes for other solar energy systems by size:
6kW solar energy system cost: $15,000
8kW solar energy system cost: $20,000
10kW solar energy system cost: $25,000
These prices reflect the cost of a solar energy system after deducting the federal solar tax credit, which reduces your solar system cost by 30 percent. Some states, local governments, and utilities also offer rebates and other tax incentives that can further reduce the solar system costs in your quotes from solar installers.