There are fewer solar incentives available to Kentucky citizens than there are to residents of other states. Kentucky has a wonderful net metering policy that allows consumers to receive a credit on their utility bill for the full retail value of each extra kWh their solar system generates, even if there is still space for improvement in the area of solar incentives.
Solar system installations in Kentucky have the potential to save a ton of money because to the 26% federal tax credit and net metering.
The only locally owned and operated residential solar company in Kentucky is Solar Is Freedom®. Since 2011, it has provided service to Ohio, Kentucky, and Indiana. In only the years 2018 through 2020, it installed more than 1 million watts of household solar power. It can now better serve the regional market because the offices in Louisville, Kentucky, and Columbus, Ohio, have grown.
One thing stands out above all others for Solar Is Freedom®: cultivating a solid rapport with the community. It takes part in a variety of community groups and charities and places a strong emphasis on getting client approval for every activity. Understanding that serving the clients with the utmost respect and without any exclusions promotes healthy growth within Ohio and Kentucky communities has helped it enjoy the quick, organic expansion. Because of this, it uses a two-step, non-obligatory method that is educational in nature. It is aware that solar makes sense and will save thousands of dollars for more than 80% of the households in the area. Its responsibility is to facilitate the transition to a future powered by renewable energy.
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Customer service varies by local dealer
Solar SME, Inc. is a national retailer and dealer offering competitive prices on top-tier solar systems. Engineering grid-tie packages, off-grid energy kits, and backup applications are our main areas of concentration. To assist you in eliminating the burden of purchasing and installing your system, the company offers technical support specialists on staff. The business focuses on the task of assisting those with an independent mindset in producing their own energy.
A System Consultant is allocated to you with each package or kit, and they are always available by phone to offer you polished technical guidance on the planning and implementation of your installation after the sale. This is an advantage of having a single point of contact who is familiar with your system right away and manages all the processes involved in your purchase.
- Supply communities with sustainable, dependable, and safe energy to assist individuals and organizations in switching from fossil fuels to environmentally friendly solar energy.
- Establish the best systems possible in order to run a lucrative, long-lasting business.
- Uphold the ideals of justice and equity in all of their interactions.
- Anticipating client demands and always improving offerings.
- Form strategic alliances with vendors, providers of technology, and financial institutions.
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
ICON Solar-en Power Technologies Pvt. Ltd. is a member of a Central Indian corporate group with a 30 million USD market cap and a wealth of expertise in the mining, automotive, tobacco processing, infrastructure, and real estate industries. Its most valuable resource is the extraordinarily dynamic workforce, which consists of a team of young individuals with exceptional potential and seasoned industry experts.
It adheres to the principle that everyone should be treated with trust, patience, and respect.
It considers the solar business to be one of the most exciting industries in the world, and it considers it an honor to be associated with the most remarkable solar module manufacturing sector.
- Comprehensive service offerings
- Offers products from leading manufacturers
- NABCEP-certified technicians
- Relatively young company
- Slightly limited service area
With possibilities for zero money down payments now available, solar is more accessible than ever, thanks to Creative Solar USA’s complete project strategy. To achieve all of the bottom-line goals, Creative Solar USA collaborates with you and your company. They are local solar installers who prioritize providing consumers with the finest solar experience.
The team of skilled and qualified installation specialists is committed to employing the most significant solar supplies and panels together with industry “best practices” to tailor each PV installation to your needs. When you work with Creative Solar USA, they will make sure you’re a happy customer of our Clean Energy community even after the installation is finished. You may be sure you’ll receive the finest service and rates by selecting your neighborhood solar installers.
- Affordable solar solutions
- Long company history
- Great warranty coverage
- Installs many top-tier brands
- Full-service company
- No leases or PPAs accepted
- Large company size sometimes leads to below-average customer service
Through professional service and ground-breaking financing alternatives for solar systems, Better Tomorrow Solar strives to make renewable energy accessible to as many communities as possible. They offer to install solar panels for customers in a way that is specific to their lifestyle, schedule, and financial situation.
Nothing makes them happier than assisting others in discovering the numerous advantages of solar energy for themselves. To determine if solar is the correct choice for you, look at their procedure. To find out how much you may save each month, use our project calculator.
Our goal is to make solar energy accessible to everybody. To guarantee our clients’ long-term energy price certainty, we achieve this by eliminating the upfront expense.
A cleaner, greener, and more resilient planet is no longer simply a pleasant idea; it is already a reality that is within reach. Anyone who wants to get involved and move into the future may do so with solar energy since it is simple and economical. Ask for your free home solar consultation now and join the hundreds of people who power their lives with pure solar energy!
- Great customer service
- Certified SunPower dealer
- Relatively affordable
- Many years of experience
- Only one equipment brand offered
- Relatively small service area
How Much Solar Energy Can You Get in Kentucky?
In some places, net metering allows you to receive full retail rate credit for the power your solar panels generate and transmit back into the grid. Prior to 2020, Kentucky’s net metering regulation was perhaps the state’s greatest individual law for encouraging the use of solar energy at home.
All utilities in the state were formerly obligated to adopt net metering, but that regulation has been repealed in favor of regulators’ ability to establish new prices to compensate solar owners for their surplus output.
Your utility will no longer credit any excess power generation at the full retail rate; rather, a substantially reduced rate will be applied to your statement the following month. The Kentucky Public Services Commission has not yet decided on a rate. The amount of the bill credit is projected to reach 55% of retail rates for 2021 and beyond. This implies that instead of receiving the full retail rate of $0.124 for each kWh that your solar panels put back into the grid, you will receive a credit of $.068.
Whatever the case, at least you get some credit for the solar energy you can’t utilize. But now, more than ever, it’s crucial to size your solar energy system appropriately. You should also consider implementing onsite energy storage.
Incentives in Kentucky
Kentucky’s biggest incentive to install solar panels on homes and businesses is the federal solar tax credit. The amount of the credit will drop from 26% to 22% of the cost of the solar installation by the end of 2020.
Before the year is through, solar panel installation firms will probably be overrun with new projects since house and business owners want to receive the highest incentive amount available. In Kentucky, right now is the ideal moment to switch to solar power in order to optimize your savings potential.
Which Solar Systems To Choose in Kentucky?
In the past ten years, the price of solar panels has decreased by more than 80%. They continue to get subsidies from the net metering law and the 30% federal tax credit in 2022, making them a wise investment. They provide a return that is significantly higher than the long-term average return from both the stock market and real estate investing.
The levelized cost of each kWh of electricity you will consume over the next 25 years, with and without solar panels, is another method to approach this issue. As you can see here, there are considerable savings.