Benefits of Going Solar in Kentucky:
Lower energy bills: By generating your own electricity, you can reduce your dependence on the utility company and lower your monthly electricity bills.
Increase home value: Solar panels are an attractive feature to homebuyers and can increase the value of your property.
Environmental benefits: Solar energy is clean and renewable, which means that it helps reduce greenhouse gas emissions and air pollution.
Net Metering Policies in Kentucky: Kentucky has a voluntary net metering program that allows residential and commercial customers to receive credits for excess electricity generated by their solar panels. The credits can be used to offset future electricity bills. The program has a capacity limit of 1% of the utility's peak demand, and the credits are calculated based on the utility's retail rate.
Rebates and Incentives in Kentucky:
Federal tax credit: Homeowners who install solar panels can claim a federal tax credit worth 30% of the total cost of the installation.
Kentucky Residential Energy Efficiency Tax Credit: Kentucky offers a state tax credit of up to $500 for residential solar installations.
USDA Rural Energy for America Program (REAP): Rural businesses and agricultural producers in Kentucky may be eligible for grants or loans to install renewable energy systems, including solar panels.