Solar Savings Calculator for Louisville, KY
Homeowners in Louisville pay an average of $142/month for electricity through Louisville Gas & Electric (LG&E). With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.
$142
Avg Monthly Bill
13.8¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$43,944
Est. 25-Year Savings
Calculate Your Savings in Louisville
Adjust Your Details for Louisville, KY
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
8 kW
Panel Count
20 panels
Total System Cost
$22,000
Federal Tax Credit (30%)
-$6,600
Net Cost
$15,400
Annual Savings
$1,704
Payback Period
9 years
25-Year Savings
$43,944
Return on Investment
285%
* Estimates based on 4.3 peak sun hours/day in Louisville, KY, system cost of $2.75/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.
Local Solar Details for Louisville
Utility & Permits
- Utility Company
- Louisville Gas & Electric (LG&E)
- Permit Cost
- $300
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 8 kW
- Panel Count
- 20 panels
- Gross Cost
- $22,000
- Net Cost (after credits)
- $15,400
Available Incentives for Louisville, KY
Federal Solar Investment Tax Credit (ITC)
Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.
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