Solar Savings Calculator for Owensboro, KY

Homeowners in Owensboro pay an average of $130/month for electricity through Kenergy Corp. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$130
Avg Monthly Bill
13¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$38,929
Est. 25-Year Savings

Calculate Your Savings in Owensboro

Adjust Your Details for Owensboro, KY

$
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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
$1,560
Payback Period
9.9 years
25-Year Savings
$38,929
Return on Investment
253%

* Estimates based on 4.3 peak sun hours/day in Owensboro, 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 Owensboro

Utility & Permits

Utility Company
Kenergy Corp
Permit Cost
$250
Permit Timeline
2-3 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 Owensboro, 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.

30% of system cost

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