Solar Panel Cost Guide in Geneseo, NY (Jan 2023)
- Geneseo Solar Installation Cost: $9,623
- 25-Year Savings: $6,237
- Payback Period: 15.2 Years
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Top Solar Installers in Geneseo
Although it's possible to install solar panels yourself, it requires extra time and expertise. That's why most people choose to go with a solar panel installer. The payback period on a solar system will vary based on factors like your roof configuration and energy use, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Geneseo:
See all of the solar companies in Geneseo
Factors that Affect Solar Panel Costs in Geneseo
The cost of installing a solar system in Geneseo can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require 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 $2,950. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Geneseo, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Geneseo, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$3.07||$12,886||$7,536||15.8 years|
|8 kW||$3.01||$16,850||$10,378||15.5 years|
|10 kW||$2.95||$20,650||$13,385||15.2 years|
|12 kW||$2.89||$24,284||$16,558||14.9 years|
|14 kW||$2.83||$27,754||$19,896||14.6 years|
|16 kW||$2.77||$31,058||$23,399||14.3 years|
|18 kW||$2.71||$34,196||$27,067||14.0 years|
|20 kW||$2.66||$37,170||$30,901||13.7 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
- 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 check your installer's reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which installer you should go with, since different companies provide different panels.
- Warranty: If you're worried about the longevity of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Geneseo, NY Solar Cost FAQs
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.