Solar Panel Cost Guide in Geneva, FL (2024 Update)
- Geneva Solar Installation Cost: $12,566
- 25-Year Savings: $19,255
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in Geneva
See how much it might cost to install solar panels in Geneva.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Geneva, the typical cost of a solar system is 3 per watt.To cover the typical energy usage of the average home in Geneva, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs around $12,566, or $17,969 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront cost of solar is worth paying. On average Geneva homeowners see about $20,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Geneva
| Year | Return on Investment |
|---|---|
| 1 years | $-11,192 |
| 3 years | $-8,445 |
| 5 years | $-5,698 |
| 7 years | $-2,950 |
| 9 years | $-203 |
| 11 years | $2,544 |
| 13 years | $5,291 |
| 15 years | $8,039 |
| 17 years | $10,786 |
| 19 years | $13,533 |
| 21 years | $16,280 |
| 23 years | $19,027 |
| 25 years | $21,775 |
Top Solar Installers in Geneva
Although you can install solar panels by yourself, it requires extra effort and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Geneva
Factors that Affect Solar Panel Costs in Geneva
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Geneva: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,210.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Geneva homeowners opt to finance their solar panel systems to make going solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Geneva, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Geneva know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.34 | $14,021 | $17,263 | 11.2 years |
| 8 kW | $3.27 | $18,336 | $23,377 | 11.0 years |
| 10 kW | $3.21 | $22,470 | $29,671 | 10.8 years |
| 12 kW | $3.15 | $26,425 | $36,144 | 10.6 years |
| 14 kW | $3.08 | $30,200 | $42,798 | 10.3 years |
| 16 kW | $3.02 | $33,795 | $49,631 | 10.1 years |
| 18 kW | $2.95 | $37,210 | $56,643 | 9.9 years |
| 20 kW | $2.89 | $40,446 | $63,836 | 9.7 years |
How to Save on Solar Panels
There are numerous companies available in Geneva, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Geneva, FL Solar Cost FAQs
How much does it cost to install solar panels in Geneva?
The average cost of solar panels in Geneva is about $16,050 for a 5-kW system and $32,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.