We believe in the environmental benefits of solar but 2 218 is a lot of money to pay for something that usually saves you money over the long term.
Solar power regulations in kentucky.
Kentucky has one of the lowest average costs per watt for solar power a bonus to those who value clean green energy usage.
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.
Rainwater harvesting in arizona is legal.
Composting toilets are legal in.
Rhode island has a 5 mw limit and new mexico has a limit of 80 mw.
Arizona is one of the worst states for off grid solar.
Three states have no limit arizona new jersey and ohio.
Kentucky does not have a legal framework for solar leasing and power purchase agreements which means that the only option for going solar with 0 down is to get a loan ideally a low interest heloc home equity line of credit.
Kentucky has no rps renewable portfolio standards.
Kentucky house passes solar power bill with changes that could lead to showdown by john cheves.
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.
Solar energy has enormous potential for the people of eastern kentucky said mr.
This is a regulation that requires utilities to increase their production of energy from renewable energy sources such as wind solar biomass and geothermal by a certain date.
Utilities must meet the standards by either producing their own renewable energy or by purchasing it from customers.
On top of that arizona charges a solar tax to people with grid connected solar.
The laws are written in a way that makes it illegal for a home not to be connected to the electric grid.
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.
Renewable energy is an environmentally responsible alternative to fossil fuels.
We use a 6 return to evaluate all solar investments and kentucky s 2 218 npv on a solar loan means you d be that much better off investing your money in stocks over 25 years than solar.
February 15 2019 01 33 pm order reprint.
There are several sources of renewable energy including solar wind geothermal and hydroelectric power.
Kyses member seth long is a resident of ermine kentucky the executive director of homes inc and a net metering customer of kentucky power.
