Solar Panel Costs Near Lexington, KY (40505)
Opportunity Score
55
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 40505 is an urban area. with a population of 25,855 and household incomes near the national median ($58,922). There are 8 solar installers operations in ZIP 40505.
Area Profile
25,855
Population
$58,922
Median Income
-21% vs. national
Urban
Area Type
Median Age: 40.3 —
older demographic, may prefer sit-down options.
College-Educated: 16.2% —
value-focused market, keep prices competitive.
Competition
Solar Installers and related businesses in ZIP 40505.
8
Solar Installers
Moderate — proven market
3.1 per 10K residents
6
Roofing Contractors
2.3 per 10K residents
What this means:
Solar Installers are 57.1% of the relevant market in ZIP 40505 (8 vs. 6 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$914
Median Gross Rent
$170 K
Median Home Value
6
Bank Branches
$590 K deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Solar Installers
- 8
- Related Businesses
- 6
- Bank Branches
- 6
vs. National Average
Median Income
-21% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits