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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Geneseo

Let's take a look at the average cost of solar panels in Geneseo.

The average cost of solar panels in Geneseo is $3 per watt. To account for the typical energy needs of the average home in Geneseo, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,623, or $7,121 after the federal solar tax credit of 30% is applied.

These figures are just estimates, and your own solar costs will differ based on your specific situation and what company you go with. Despite the large upfront cost, the average Geneseo homeowner can save around $13,000 on their power bills over 20 years, which is one of the benefits of solar.

To get a free quote from a vetted solar company in Geneseo, you can click the button below.

Solar savings over time in Geneseo

Year Return on Investment
1 years $-8,988
3 years $-7,720
5 years $-6,451
7 years $-5,182
9 years $-3,913
11 years $-2,644
13 years $-1,376
15 years $-107
17 years $1,162
19 years $2,431
21 years $3,700
23 years $4,968
25 years $6,237

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:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 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.

Solar Equipment

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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Geneseo, NY Solar Cost FAQs

What is the average cost of installing solar panels in Geneseo?

The average cost of solar panels in Geneseo is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Geneseo?

Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Does Geneseo have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.

How many solar panels do I need to power my home?

To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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.

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