Cost & Savings Breakdown
Based on $150/month electric bill in Owensboro
System Size
9.4 kW
Annual Production
12,920 kWh
Gross System Cost
$26,360
Federal Tax Credit (30%)
-$7,908
State Incentive
None
Net Cost
$18,452
Monthly Savings
$122
CO₂ Offset/yr
11,887 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$0.113/kWh
Peak Sun Hours4.7 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 Owensboro?
Solar in Owensboro, Kentucky costs approximately $26,360 for a 9.4 kW system. After the 30% federal tax credit, your net cost is about $18,452.
What is the solar payback period in Owensboro?
The estimated payback period for solar in Owensboro is 12.6 years, based on a $150/month electric bill and local sun hours of 4.7 hrs/day.
Does Kentucky Utilities offer net metering?
Kentucky Utilities offers Full Retail net metering. Check with your utility for current compensation rates..