Solar Panel Cost Guide in Geneva, AL (2023 Update)
- Geneva Solar Installation Cost: $14,857
- 25-Year Savings: $36,088
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Geneva
Here's how much it might cost to switch to solar power in Geneva.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Geneva, the typical cost of solar panels is 2.45 per watt. Using this figure, a typical 8.7-kW system would cost about $14,852 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more. With typical savings of about $22,000 on electricity bills over 20 years, many homeowners in Geneva find going solar can pay off big.
Click the button below to get connected to a highly rated solar installer in Geneva for a personalized quote.
Solar savings over time in Geneva
| Year | Return on Investment |
|---|---|
| 1 years | $-14,687 |
| 3 years | $-14,347 |
| 5 years | $-14,008 |
| 7 years | $-13,668 |
| 9 years | $-13,328 |
| 11 years | $-12,989 |
| 13 years | $-12,649 |
| 15 years | $-12,309 |
| 17 years | $-11,970 |
| 19 years | $-11,630 |
| 21 years | $-11,290 |
| 23 years | $-10,951 |
| 25 years | $-10,611 |
Top Solar Installers in Geneva
Installing solar panels by yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Geneva:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Geneva
Factors that Affect Solar Panel Costs in Geneva
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Geneva: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Geneva, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,450 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Geneva, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Geneva, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.55 | $10,702 | $24,583 | 7.6 years |
| 8 kW | $2.50 | $13,994 | $33,052 | 7.4 years |
| 10 kW | $2.45 | $17,150 | $41,658 | 7.3 years |
| 12 kW | $2.40 | $20,168 | $50,401 | 7.1 years |
| 14 kW | $2.35 | $23,050 | $59,282 | 7.0 years |
| 16 kW | $2.30 | $25,794 | $68,299 | 6.9 years |
| 18 kW | $2.25 | $28,400 | $77,454 | 6.7 years |
| 20 kW | $2.21 | $30,870 | $86,746 | 6.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Geneva, AL Solar Cost FAQs
How much does it cost to install solar panels in Geneva?
The average cost of solar panels in Geneva is about $12,250 for a 5-kW system and $24,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Geneva?
You can't get solar panels for free in Geneva. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Geneva?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Geneva?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.