Solar Panel Cost Guide in Genoa, OH (2024 Update)
- Genoa Solar Installation Cost: $18,184
- 25-Year Savings: $20,036
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Genoa
We go over average solar pricing in Genoa.
The national average cost of solar panels is $2.66 per watt, but in Genoa it’s 3 per watt.The average solar panel system size in Genoa is around 7.6 kilowatts, meaning a cost of about $18,184 for a solar installation, or $26,003 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Genoa homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on electricity bills.
You can click the button below to get connected with a vetted solar company in Genoa for a quote for your home.
Solar savings over time in Genoa
| Year | Return on Investment |
|---|---|
| 1 years | $-16,825 |
| 3 years | $-14,106 |
| 5 years | $-11,388 |
| 7 years | $-8,669 |
| 9 years | $-5,951 |
| 11 years | $-3,232 |
| 13 years | $-514 |
| 15 years | $2,204 |
| 17 years | $4,923 |
| 19 years | $7,641 |
| 21 years | $10,360 |
| 23 years | $13,078 |
| 25 years | $15,796 |
Top Solar Installers in Genoa
Trying to install solar panels by yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company too, which can save you more money after your upfront investment.
If you're searching for a solar installer in Genoa, the EcoWatch team has compiled a list of our top suggestions here:
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 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 Genoa
Factors that Affect Solar Panel Costs in Genoa
There are many criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,410. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install 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
If paying for solar panels in cash is difficult, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.While solar loans make going solar more accessible for Genoa homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence how much you pay. Genoa’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $3.55 | $14,895 | $11,638 | 14.0 years |
| 8 kW | $3.48 | $19,478 | $15,899 | 13.8 years |
| 10 kW | $3.41 | $23,870 | $20,351 | 13.5 years |
| 12 kW | $3.34 | $28,071 | $24,994 | 13.2 years |
| 14 kW | $3.27 | $32,081 | $29,828 | 13.0 years |
| 16 kW | $3.21 | $35,900 | $34,854 | 12.7 years |
| 18 kW | $3.14 | $39,529 | $40,070 | 12.4 years |
| 20 kW | $3.07 | $42,966 | $45,476 | 12.1 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
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 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 Genoa, OH Solar Cost FAQs
What is the average cost of installing solar panels in Genoa?
The average cost of solar panels in Genoa is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Genoa?
Solar panels aren’t free in Genoa, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Genoa?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Genoa?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.