Solar Panel Cost Guide in Geneseo, NY (2024 Update)
- Geneseo Solar Installation Cost: $11,906
- 25-Year Savings: $6,237
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Geneseo
See how much it might cost to go solar in Geneseo.
Although the national average of solar panels is $2.66 per watt, solar panels in Geneseo generally cost about 4.To account for the typical energy usage of the average home in Geneseo, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs about $11,906, or $17,026 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will most likely differ based on your specific situation and what company you choose to go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Geneseo, you can click the button below.
Solar savings over time in Geneseo
| Year | Return on Investment |
|---|---|
| 1 years | $-11,080 |
| 3 years | $-9,428 |
| 5 years | $-7,776 |
| 7 years | $-6,124 |
| 9 years | $-4,473 |
| 11 years | $-2,821 |
| 13 years | $-1,169 |
| 15 years | $483 |
| 17 years | $2,135 |
| 19 years | $3,787 |
| 21 years | $5,438 |
| 23 years | $7,090 |
| 25 years | $8,742 |
Top Solar Installers in Geneseo
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. That's one of the reasons most people choose a solar panel installer. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Geneseo
Factors that Affect Solar Panel Costs in Geneseo
For many Geneseo homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Geneseo, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,650 per kilowatt in Geneseo.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Geneseo, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Geneseo homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Geneseo is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $4,478 | 19.5 years |
| 8 kW | $3.72 | $20,849 | $6,380 | 19.1 years |
| 10 kW | $3.65 | $25,550 | $8,485 | 18.8 years |
| 12 kW | $3.58 | $30,047 | $10,796 | 18.4 years |
| 14 kW | $3.50 | $34,339 | $13,310 | 18.0 years |
| 16 kW | $3.43 | $38,427 | $16,029 | 17.6 years |
| 18 kW | $3.36 | $42,311 | $18,953 | 17.3 years |
| 20 kW | $3.29 | $45,990 | $22,081 | 16.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you’re worried about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Geneseo, NY Solar Cost FAQs
What is the average cost of installing solar panels in Geneseo?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Geneseo?
You can’t get solar panels for free in Geneseo. However, you may still be able to afford 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.
Does Geneseo have a net metering program?
Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 average daily 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.