Cost & Savings Breakdown
Based on $150/month electric bill in Lexington
System Size
9.9 kW
Annual Production
13,273 kWh
Gross System Cost
$27,668
Federal Tax Credit (30%)
-$8,300
State Incentive
None
Net Cost
$19,368
Monthly Savings
$122
CO₂ Offset/yr
12,211 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityKentucky Utilities
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitCheck with utility
Electricity Rate$0.110/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 Lexington?
Solar in Lexington, Kentucky costs approximately $27,668 for a 9.9 kW system. After the 30% federal tax credit, your net cost is about $19,368.
What is the solar payback period in Lexington?
The estimated payback period for solar in Lexington is 13.3 years, based on a $150/month electric bill and local sun hours of 4.6 hrs/day.
Does Kentucky Utilities offer net metering?
Kentucky Utilities offers Full Retail net metering. Check with your utility for current compensation rates..