Motivated by dipolar-coupled artificial spin systems, we present a theoretical study of the classical J1 − J2 − J3 Ising antiferromagnet on the kagome lattice. We establish the ground-state phase diagram of this model for J1 > |J2|, |J3| based on exact results for the ground-state energies. When all the couplings are antiferromagnetic, the model has three macroscopically degenerate groundstate phases, and using tensor networks, we can calculate the entropies of these phases and of their boundaries very accurately. In two cases, the entropy appears to be a fraction of that of the triangular lattice Ising antiferromagnet, and we provide analytical arguments to support this observation. We also notice that, surprisingly enough, the dipolar ground state is not a ground state of the truncated model, but of the model with smaller J3 interactions, an indication of a very strong competition between low-energy states in this model.