Cost & Savings Breakdown
Based on $150/month electric bill in Florence
System Size
12.2 kW
Annual Production
15,368 kWh
Gross System Cost
$34,272
Federal Tax Credit (30%)
-$10,282
State Incentive
None
Net Cost
$23,990
Monthly Savings
$122
CO₂ Offset/yr
14,139 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$0.095/kWh
Peak Sun Hours4.3 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 Florence?
Solar in Florence, Kentucky costs approximately $34,272 for a 12.2 kW system. After the 30% federal tax credit, your net cost is about $23,990.
What is the solar payback period in Florence?
The estimated payback period for solar in Florence is 16.4 years, based on a $150/month electric bill and local sun hours of 4.3 hrs/day.
Does Duke Energy KY offer net metering?
Duke Energy KY offers Full Retail net metering. Full retail rate.