Solar Power In Kentucky

The plant will power the equivalent of 14 000 kentucky households and supply 8 percent of the energy needed by customers.

Solar power in kentucky. The cost of solar power has fallen 80 to 90 in the last 10 years making it accessible to so many more. Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage. See also solar bill burns out on the last day of the kentucky legislature. The consensus on kentucky solar power rebates and incentives.

When it comes to solar power systems in ky wilderness trace solar is the premier choice for solar installation our family owned company provides effective solutions for solar energy in danville ky and the surrounding area by offering clients a wide array of solar products and installation services to choose from. Solar power in kentucky has been growing in recent years due to new technological improvements and a variety of regulatory actions and financial incentives particularly a 30 federal tax credit available through 2016 for any size project kentucky could generate 10 of all of the electricity used in the united states from land cleared from coal mining in the state. Kentucky solar power incentives tax breaks and rebates. If you re lucky enough to enjoy the low utility fees prevalent in kentucky you can save even more money while saving the planet by taking advantage of some of the financial incentives for solar power available to state residents.

Energy costs in kentucky are about 3 5 cents per kilowatt hour less than the national average largely because of the state s vast coal reserves. Louisville gas and electric company and kentucky utilities company today filed with the kentucky public service commission for approval of three contracts that could mean one giant step forward for solar energy generation in kentucky with construction of the largest solar array in the bluegrass state. Therefore the main incentives for solar power in kentucky are the 500 tax credit and a favorable net metering policy. Kentucky does not have a renewable portfolio standard requiring local utilities to meet a certain renewable energy percentage by a specified date.

However it is currently near the bottom in terms of solar capacity installed ranking 44th in the nation with only enough energy to power 4 758 homes solar panel installation prices have fallen making now a good time to go green with solar power in kentucky. Unfortunately the kentucky legislature is currently squandering the state s considerable solar power potential. Without any solar incentives in place aside from the tva generation partners program cost after year 1 remain higher than most other states and the payback time frame.