⚠️ The federal clean-energy tax credits were rolled back in 2026 (solar/battery credits ended Dec 31, 2025; the EV-charger credit June 30, 2026). State & utility rebates are now the main savings.
HomeKentuckyFlorence

Solar Panel Cost in Florence, Kentucky

Local pricing, savings, and net metering data for Florence homeowners.

$954
Annual Savings
23.5 yrs
Payback Period
$22,400
Net Cost
$10,195
25-Year Savings

Solar in Florence: What Homeowners Should Know

Florence sees an average of 4.3 peak sun hours per day, which is what ultimately determines how much electricity a rooftop system produces here. A standard 8 kW system (about 20 panels) generates roughly 10,045 kWh each year in Florence — and paired with Kentucky's local electricity rate of $0.095/kWh, that's where the savings come from.

At those numbers, a Florence homeowner saves about $80/month ($954/year). Against a $22,400 system cost, that works out to a payback of about 23.5 years, after which the system produces essentially free power for two decades — an estimated $10,195 in lifetime savings. Note: the 30% federal tax credit expired at the end of 2025 for purchased systems, though a solar lease or PPA can still pass it through. The local grid is served by Duke Energy KY, whose net metering policy directly affects how much credit you earn for surplus power.

Cost & Savings Breakdown

Based on a standard 8 kW system in Florence

System Size
8 kW
Annual Production
10,045 kWh
Gross System Cost
$22,400
State Incentive
None
Net Cost
$22,400
Monthly Savings
$80
CO₂ Offset/yr
9,241 lbs

25-Year Savings Projection

-$21k-$14k-$6k$2k$10kBreakeven yr 19$10kyr 1yr 5yr 10yr 15yr 20yr 25

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

Federal Tax Credit — The 30% federal credit expired Dec 31, 2025 for purchased systems. A solar lease or PPA can still pass it through 2027.
View all Kentucky incentives →

Choosing a Solar Installer in Florence

  • 1.Get at least 3 quotes. Prices in Kentucky vary widely between installers — comparing bids on the same 8 kW system is the fastest way to avoid overpaying.
  • 2.Confirm Duke Energy KY interconnection experience. An installer who regularly files with your local utility will move your permit and net-metering paperwork through faster.
  • 3.Check licensing & the warranty. Look for NABCEP-certified installers and a workmanship warranty of 10+ years on top of the standard 25-year panel warranty.
  • 4.Size for your actual usage. With 4.3 sun hours/day in Florence, make sure the proposed system matches your kWh history — not just your roof space.

Common Questions

How much does solar cost in Florence?

Solar in Florence, Kentucky costs approximately $22,400 for a 8 kW system. The 30% federal tax credit expired December 31, 2025 for purchased systems, though solar leases and PPAs can still pass it through.

What is the solar payback period in Florence?

The estimated payback period for solar in Florence is 23.5 years for a standard 8 kW system, based on local sun hours of 4.3 hrs/day and a rate of $0.095/kWh.

Is solar worth it in Florence?

For most Florence homeowners, yes. With 4.3 peak sun hours per day and an electricity rate of $0.095/kWh, a typical system saves $954 per year and around $10,195 over 25 years after paying for itself in 23.5 years.

How many solar panels do I need in Florence?

A standard 8 kW home solar system is about 20 panels, producing roughly 10,045 kWh per year in Florence at 4.3 sun hours/day. Your exact size depends on your household's electricity use.

Does Duke Energy KY offer net metering?

Duke Energy KY offers Full Retail net metering. Full retail rate.

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