$80
632 kWh
1,098 lbs
Average solar panel installation
$17,717Federal Incentives
$5,315Total
$12,402
Average monthly bill without solar
$80Average monthly bill with solar
$0Solar will pay for itself in
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The estimated cost to install solar at your house is $17,717. We calculated this because we think your electricity usage for the year is about 7580 kWh, and a 5.55 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.19/W, which we get from Energy Sage.
The current electricity costs for Louisville Gas & Electric Co are 13¢/kWh. So, by replacing 100% of your usage, you’ll save $955 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 18.54 years. If the costs of Louisville Gas & Electric Co electricity rise 3%, then your savings will pay for your solar system in 18.00 years.
Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 740 kWh in June, to a low of 480 kWh in December. For the entire year, we estimate that your 5.55 kW sized system would produce 7580 kWh.
You are eligible for a federal tax credit equal to 30% of the cost of your solar system, or $5,315.
From Department of Energy Data, it looks like 25 homes have installed solar panels in your zip code, 40241. In your city, Louisville, 323 homes have installed solar panels. And in the state of Kentucky, 723 homes have installed solar panels.
There are 3 solar installers that operate in Kentucky. WattBuy recommends EnergySage, Modernize, and RGR Marketing.
Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.
Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.