Kentucky Incentives

Thanks to 123SolarPower and our large network of renewable energy partners, residents across the continent are now able to take advantage of the benefits home solar power provides. Solar panels Kentucky are a great deal more affordable today, while the availability of federal and state incentive programs make them even more alluring. 123SolarPower offers you the best local home and commercial renewable energy solutions to help you save money and the environment.

Kentucky residents are fortunate to have very low utility rates due to the states large coal reserves. However, this energy abundance has not prevented Kentucky from offering incentives to residents that opt for additional savings while simultaneously reducing their environmental impact. These savings are available to all homeowners interested in residential solar panels Kentucky. Residents are offered loans, tax credits and an electricity generation partnership to encourage the installation of solar panels Kentucky. Most of Kentucky receives enough adequate sunshine to make the addition of solar panels to any roof over 600 square feet a cost effective move. The availability of sunlight makes conditions especially ideal for solar panels Louisville KY.

Demand for Solar Grows Despite Low Energy Costs

Despite the contentment that Kentuckians have with E on US LLC, their highly rated primary utility company, reduced air quality and the opportunity for additional savings are creating a higher demand for solar power among homeowners. Environmental concerns have led to the creation of a variety of incentives. These programs have led to a boom in solar panels for sale Kentucky. Even more programs are likely to appear in the near future as concerns about the environment grow. If you are on the fence about going solar read our article 10 things you need to know about home solar.

Tax Credit for Renewable Energy

Residents of Kentucky are eligible for a tax credit of $3 per watt for direct current produced by photovoltaic cells and another credit worth 30% of the installation cost, up to $500, for solar hot water and wind systems. This credit is obtained by filing the Energy Efficient Products Tax Credit Form available through the Kentucky Department of Revenue website. In order to qualify, a company certified by the North American Board of Certified Energy Practitioners, such as the experts in the 123SolarPower network, must install the photovoltaic equipment. All equipment must meet the requirements of article 690 of the National Electrical Code as well.

Tennessee Valley Authority Power Generation Partners

Earned discounts are available to anyone served by one of the 91 participating power companies served by the TVA. Savings are earned on your utility bill from the use of renewable energy. As an added bonus, money can be made if production of solar electricity exceeds your regular bill’s demand. Incentives equal to $1000 plus $0.12 per kWh produced above the base rate for photovoltaic systems can be paid to home owners who utilize residential solar panel Kentucky. If you have a photovoltaic system producing between 500W and 200 KW AC your participating power company will purchase 100% of the power at $0.12 per kWh as a credit to your bill or as an annual direct payment for excess power. Simply submit a form to your local utility company.

Kentucky residents are also eligible for a 30% federal tax credit against the cost of installing any renewable energy system with the Energy Policy Act of 2005, which is applied for along with tax form 1040. Visit DsireUSA Kentucky to learn about all the savings incentives available to you today!

Help For All Kentucky Residents

Aside from having some of the lowest utility rates in the nation, combined with excellent incentives for using renewable energy, there has never been a better time to buy solar panels Kentucky. Through 123SolarPower residents of Kentucky have access to professionals who can provide them with custom home solar solutions and savings. The alternative energy experts at 123SolarPower are ready to help you explore the best money saving solutions regarding solar power for your home. All you need to do is call 800-294-2397 or fill out the speedy form on this site and a solar energy expert will contact you right away. Contact 123SolarPower today to see what savings are available to you.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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