Cost & Savings Breakdown
Based on $150/month electric bill in Covington
System Size
11.3 kW
Annual Production
14,898 kWh
Gross System Cost
$31,746
Federal Tax Credit (30%)
-$9,524
State Incentive
None
Net Cost
$22,222
Monthly Savings
$122
CO₂ Offset/yr
13,706 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityDuke Energy KY
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit1 MW limit
Electricity Rate$0.098/kWh
Peak Sun Hours4.5 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
Common Questions
How much does solar cost in Covington?
Solar in Covington, Kentucky costs approximately $31,746 for a 11.3 kW system. After the 30% federal tax credit, your net cost is about $22,222.
What is the solar payback period in Covington?
The estimated payback period for solar in Covington is 15.2 years, based on a $150/month electric bill and local sun hours of 4.5 hrs/day.
Does Duke Energy KY offer net metering?
Duke Energy KY offers Full Retail net metering. Full retail rate.