Cost & Savings Breakdown
Based on $150/month electric bill in Hopkinsville
System Size
10.7 kW
Annual Production
14,314 kWh
Gross System Cost
$29,838
Federal Tax Credit (30%)
-$8,951
State Incentive
None
Net Cost
$20,887
Monthly Savings
$122
CO₂ Offset/yr
13,169 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityPennyrile Electric
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.102/kWh
Peak Sun Hours4.6 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 Hopkinsville?
Solar in Hopkinsville, Kentucky costs approximately $29,838 for a 10.7 kW system. After the 30% federal tax credit, your net cost is about $20,887.
What is the solar payback period in Hopkinsville?
The estimated payback period for solar in Hopkinsville is 14.3 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does Pennyrile Electric offer net metering?
Pennyrile Electric offers Full Retail net metering. Check with your utility for current compensation rates..