Expert Advice On Improving Your Home
Expert Advice On Improving Your Home
Written By David Cusick
Last Updated May 2024
Solar energy is becoming increasingly popular for homeowners in Lexington. A new solar energy system can help you add value to your property, provide a dependable source of power, and decrease your carbon footprint. Making the transition to solar energy can help you save money and shrink your carbon footprint, but you want to make sure you find a qualified installer. That’s why, after reviewing and analyzing providers, we put together a guide to the most trusted solar companies in Lexington. These installers consistently deliver excellent service.
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Today's Homeowner looks at dozens of datapoints on solar companies to come up with our data-driven rankings. It's not possible for a company to pay for preferential treatment in our rankings. We look at the following key factors in determining who should top our list:
Adopting solar power lets homeowners lower utility bills while benefiting the planet by reducing your carbon footprint using clean energy. If you’re evaluating if you want to go solar, consider these key factors for choosing an installer.
It's important to hire a licensed solar installer. This ensures that the work is done correctly using current best installation practices. In Nebraska, the state's Electrical Division issues and manages licenses to solar installers, with some cities mandating supplemental licenses or endorsements for a contractor to perform solar work.
Look at review platforms such as TrustPilot, the Better Business Bureau (BBB), and Google Reviews to find out what previous customers are saying about local solar installers. Reviews can give you an idea of a company’s dependability and customer service. Be wary of companies with no reviews or with predominantly negative feedback.
Get free, detailed quotes from at least three solar companies. A quote should outline all costs and identify the solar parts included. Looking at several quotes can help you find the option that best fits your budget.
Quality solar installations should include strong workmanship and performance warranties. A workmanship warranty addresses any installation defects (such as poor alignment, poor wiring, or cracks in the panels), while a performance guarantee ensures a certain level of energy production. Strong guarantees show that a company is confident in its work.
Solar energy can help reduce your energy expenses. Be sure to consider these aspects when determining the cost and value of solar panels.
The cost of solar panels varies based on system capacity and the solar technology being used. The average solar system in Lexington has a capacity of 9.0 kilowatts. Homeowners in the area should expect to pay approximately $3,580 per kilowatt; the average Lexington homeowners spends about $22,674 on a new solar system after accounting for federal tax breaks. (Some homeowners prefer to lease solar panels to lower upfront costs.) A personalized quote from a local solar provider will account for factors such as the size, panel type, and capacity of the planned system, and should include costs for preliminary work, labor, and permit fees.
Incentive Amount:
Traditional Dollar and Energy Savings Loans:
Residential: $125,000;
Multifamily dwellings with 3 or more units: $250,000
Non-Residential: $500,000;
Home Electronics: $25,000;
Office Electronics: $50,000
Alternative Fuel Projects: $500,000
Telecommunications Projects: $250,000
Incentive Type: Sales Tax Incentive
Incentive Amount:
100% exemption
Incentive Type: PACE Financing
Incentive Amount:
PACE bonds are capped at $5 million unless approved by referendum.
Generally speaking, a solar photovoltaic (PV) array can be used to power any household appliance or system that uses electricity. In the simplest case, you can use a solar water heating system.
With home solar PV, you can recoup the cost of the system over time, lower your home's carbon footprint, and gain additional energy independence.
Your installer can give you an estimate of what your energy bills will look like after you install solar panels. Generally, your energy bills will decrease significantly because you'll be using energy from the sun for free, instead of buying energy from the utility company. The average annual savings in Lexington amount to $1,496.
Your payback period is the time to achieve an ROI on your solar panels. It will vary based on the average sunlight in your area, their rated capacity, and the rate your utility charges per kilowatt of power. Lexington gets quite a bit of sunlight per day, so an average payback period could last up to 15.2 years per 5 kW of capacity.
The maintenance you'll need to do will vary based on the type of solar panels you have. With any system, you should clean and inspect each panel every three months. Your solar energy company might offer comprehensive plans where they'll do the maintenance on your behalf.
Net metering is a power purchasing policy that allows solar energy system owners to receive bill credits or payments for the amount of energy they put back into the grid. It's available in most states and is a great way to reduce energy costs.
